A market like no other
The pet insurance market was worth USD 8.3 billion in 2021, and it is expected to increase at a compound annual growth rate (CAGR) of 16.7% from 2022 to 2030. The market is being driven by a growing pet population, the acceptance of pet insurance in underserved markets, major company activities, rising veterinary care costs, and the humanization of pets. Trupanion said that over 800,000 pets were covered under its policies in important markets...