Chomping on the Bit: Pet Insurance coverage Numbers Climb for 2021 | The Authorized Intelligencer –

August 19, 2022 By admin

Content material Sort
Restrict Search to
About Us |  Contact Us |  Website Map
Promote |  Buyer Service |  Phrases of Service
FAQ |  Privateness Coverage
Copyright © 2021 ALM World, LLC.
All Rights Reserved.

North America’s pet insurance coverage sector exceeded $2.83 billion at year-end 2021, which means the {industry} has greater than doubled since 2018.
June 02, 2022 at 11:48 AM
6 minute learn
Insurance coverage Regulation
The numbers are in, and like a canine’s tail, they don’t lie: pet insurance coverage is on its solution to changing into a booming {industry}. On Might 17, The North American Pet Well being Insurance coverage Affiliation (NAPHIA) issued its long-awaited 2022 state of the {industry} report. North America’s pet insurance coverage sector exceeded $2.83 billion at year-end 2021, which means the {industry} has greater than doubled since 2018.
In carefully monitoring the {industry}, which means that 2021 noticed a close to $700 million enhance in complete in-force premiums (up over 30.5% from 2020), and there at the moment are 4.41 million pets insured throughout the US and Canadathat’s lots of protected pets! Nevertheless, contemplating that in response to The Humane Society of the US there are over 128 million properties in the US alone that personal petsand a few of them personal a number of pets (and this doesn’t rely Canada), which means solely a small fraction of the whole variety of pets in North America are presently insured. The fledgling pet insurance coverage {industry} is simply getting began.

Have already got an account?
*Might exclude premium content material
By Max Mitchell
By Brian Harris
By Samuel C. Stretton
By Stephen A. Antonelli
Randy Mastro Confronted Gibson Dunn’s Retirement Coverage Earlier than Shifting to King & Spalding
The American Lawyer
As Massive Regulation Income Plunge, Monetary Uncertainty Looms Over Affiliate Courses, Lateral Hiring
The American Lawyer
Trump Attorneys Rotate Amongst Internal Circle as Authorized Woes Mount
Every day Enterprise Evaluation
Veteran Lengthy Island Lawyer Disbarred After Violating Earlier Suspension, Not Answering Ethics Investigation
New York Regulation Journal
Lawyer Attrition in Regulation Corporations Might Shift as Income and Demand Dip in 2022
The American Lawyer
License our industry-leading authorized content material to increase your thought management and construct your model.
Offered by BigVoodoo
The African Authorized Awards recognise distinctive achievement inside Africa s authorized group throughout a interval of speedy change.
The annual China Regulation & Observe Awards is the jurisdiction’s most prestigious authorized awards ceremony that applauds China’s elite.
The Texas Lawyer honors attorneys and judges who’ve made a outstanding distinction within the authorized career in Texas.
A well-respected regional regulation agency that has represented companies in Tampa Bay for many years is looking for a industrial litigation affiliate to …
The Superior Court docket of Fulton County, Atlanta JudicialCircuit is soliciting candidates for the appointment of a full- time circuit-wide juven…
Downtown A/V rated Plaintiff’s private harm regulation agency seeks paralegal with expertise in pleadings, motions, discovery, calendar, mediatio…
Montgomery McCracken Walker & Rhoads LLP needs to announce the Comfortable Retirement, Honorable Joel Rosen!
DEASEY MAHONEY & VALENTINI LTD is proud to announce that Lauren M. Steins and Leanna B. Ruotanen have been named Companions of the agency.
Parrett, Porto, Parese & Colwell, P.C. welcomes attorneys Alison L. Broad and Andrew I. Schaffer as principals of the agency.
Do not miss the essential information and insights you want to make knowledgeable authorized choices. Be part of The Authorized Intelligencer now!
Have already got an account? Signal In
The industry-leading media platform providing aggressive intelligence to organize for in the present day and anticipate alternatives for future success.