Pet Insurance Industry Breeds Record Growth; NAIC Grooms Model Act Discussion
By EsqSocial Corporation 11/05/21
For the sixth consecutive year, the pet insurance industry experienced double-digit growth, according to a new report from the North American Pet Health Insurance Association (NAPHIA). NAPHIA’s “2021 State of the Industry Report” shows a record $2.174 billion in-force gross written premium in 2020 (up more than 26% from $1.717 billion in 2019) and 3.1+ million dogs and cats insured across North America (up 22.5% from more than 2.81 million pets insured in 2019)....
By: Faegre Drinker Biddle & Reath LLP