Due to the rising pet population and widespread acceptance of pet insurance, the global market for pet insurance is expanding rapidly. The market is also anticipated to increase as a result of rising pet disease prevalence and growing awareness of pet insurance. However, the absence of uniform pet health codes for reimbursement and low pet adoption in emerging nations are anticipated to restrain market expansion.
The global Pet Insurance Market was valued at US$ 8,324.3 Mn in 2022 and is forecast to reach a value of US$ 26,439.7 Mn by 2030 at a CAGR of 15.54% between 2023 and 2030.
Major Players in the Pet Insurance Industry:
1. Medibank Private Limited
Medibank Private Limited was founded in 1976 and its headquarter in Docklands, Australia.The company operates in 145 countries. 2022 — Medibank has been awarded 'Outstanding Value Pet Insurance' at Canstar's 2022 Star Ratings and Awards
2. Oneplan Insurance
Oneplan Insurance, Inc was launch in 2009. And its headquarter located in Johannesburg, South Africa. It operate over 184 country
3. Healthy Paws Pet Insurance LLC
Healthy Paws Pet Insurance LLC was launch in 2009 and it’s headquarter located in Bellevue, Washington, United States.it operate over 100 country. Healthy Paws Pet Insurance offers accident and illness coverage for cats and dogs. See our recent awards, media coverage, and media resources.
4. Figo Pet Insurance LLC
Figo Pet Insurance LLC, Incwas launch in 2013 and it’s headquarter located in headquartered in Chicago, Illinois., Figo is a Chicago-based pet insurance and technology provider committed to helping pets and their families enjoy their lives together.
5. Anicom Holdings Inc,
Anicom Holdings Inc. founded in 2000, with its headquarters in Tokyo, Japa .With businesses in over 70 countries. Anicom Holdings provides pet insurance services. It offers health insurance systems and healthcare products for pets.
6. Oriental Insurance Company Ltd.
Oriental Insurance Company Ltd..was launch 1947 and its headquarter new delhi it operate over 165 country.
7. Crum & Forster Pet Insurance Group
Crum & Forster Pet Insurance Group. was founded in 1997 And its headquarters in Akron, Ohio, United States. .With businesses in over 35 countries. Crum & Forster Pet Insurance announced a transformational strategic partnership, in which JAB's pet insurance business has agreed to acquire all of Fairfax's
*Definition- Pet insurance is a form of insurance that is often overlooked by pet owners. It is a healthcare policy for a pet that will provide reimbursement for specific health expenses that are covered by the policy. It is a form of insurance that pays, partly or in total, for veterinary treatment of the insured person's ill or injured pet.
