Although coverage for dogs made up the lion share of policies during 2020, accounting for more than four-fifths of the global market, insurance policies covering cats are anticipated to see higher growth during the forecast period, according to Allied Market Research. (Credit: iamnottaa/Shutterstock) Although coverage for dogs made up the lion share of policies during 2020, accounting for more than four-fifths of the global market, insurance policies covering cats are anticipated to see higher growth during the forecast period, according to Allied Market Research. (Credit: iamnottaa/Shutterstock)

The worldwide pet insurance sector is anticipated to see a value of $16.81 billion by 2030, according to Allied Market Research, which projects the market to see a 14.3% compound annual growth rate (CAGR) during the period.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]

Coverage & Policy Issues
Personal Lines