Pet Insurance Modernized: 90% Reimbursement for right:ratio
Better Since 2018 but Plenty of Room for Improvement
Since our last blog (2018) on this subject, things have gotten better. In 2018, 2.2 Million pets were covered by pet insurance, which was a 18% jump from 2017. Today, that number has risen to 2.52 million pets insured, with the annual growth rate in the US being 18%.
According to Today’s Veterinary Business, “Just over 1% of U.S. dogs and cats are insured. That number pales in comparison to the United Kingdom, where an estimated 25% of pets are covered, and Sweden, where the total is said to be as high as 40%.”