Pet insurance hits $1.42B in premiums
Coverage for cats and dogs in the United States and Canada continues to show growth, according to data from the North American Pet Health Insurance Association.
Photo courtesy of naphia.org
Pet insurance reached new heights in 2018, according to the North American Pet Health Insurance Association (NAPHIA).
By the end of 2018, total premiums reached $1.42 billion in North America, and the number of insured pets in the United States was up 18% to 2.16 million.
Pet owners continue to choose policies mostly for accident and illness coverage, which makes up 98% of coverage in the United States, but also includes insurance with embedded wellness. (What are the most common claims? Click here.)
The organization also shared the average accident and illness premiums:
> Dogs: $47/month in the United States, $61/month in Canada
> Cats: $29.50/month in the United States, $33/month in Canada
NAPHIA is comprised of pet health insurance organizations in Canada and the United States and has been monitoring trends in its industry since 2013.
FDA approves oral drug for broad canine protection against parasites
October 7th 2024Elanco's lotilaner, moxidectin, praziquantel, and pyrantel chewable tablets (Credelio Quattro) provide a single monthly dose for protection against fleas, ticks, heartworms, roundworms, hookworms, and 3 species of tapeworm.
Read More
dvm360 announces winners of the Veterinary Heroes program
Published: September 6th 2024 | Updated: November 5th 2024This year’s event is supported by corporate sponsor Schwarzman Animal Medical Center and category sponsors Blue Buffalo Natural, MedVet, Banfield Pet Hospital, Thrive Pet Healthcare and PRN Pharmacal.
Read More
