Top Companies in Pet Insurance Market | Industry Major Players Comprehensive Report by VMR
The Pet Insurance Market is witnessing growth owing to the increase in the number of pets across the globe, the requirement to reduce the financial risk, and high veterinary care costs.
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Upcoming trends in Pet Insurance Market
Overview:
The Global Pet Insurance Market is valued at USD 7.92 Billion in the year 2021 and is projected to reach a value of USD 19.56 Billion by the year 2028. The Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 16.26% over the forecast period. Pet owners worldwide can rest assured about the health and health expenditure of their four-legged companions, thanks to the advent of Pet Insurance policies. These Pet Insurance organizations are making several attempts to boost consumer awareness regarding the various policies and the many benefits attached to them. The global Pet Insurance Market players are utilizing social media and digital marketing as an instrument to widen the customer outreach by making available knowledge with reference to various insurance policies for numerous animal breeds.
The Global Pet Insurance Market will witness an increase in new and private companies offering unconventional and economical services in the coming times, as current players are taking initiatives to awaken the customers to the surging veterinary costs and the myriad benefits of pet medical insurance plans. Additionally, numerous government organizations are working to modernize and assimilate the pet health standards to guarantee well-ordered and well-planned remuneration procedures. Several market competitors are launching Pet Insurances that offer a plethora of benefits. The introduction of insurance plans that promise up to 80 to 90% of veterinary cost coverage with no payout limits, has also been increasing the demand for Pet insurance.
List of Top Key Players in Pet Insurance Market:
|
Company Name |
Revenue in USD |
|
$429 Million |
|
<$5 Million |
|
$65 Million |
|
$647 Million |
|
$9 Million |
|
<$5 Million |
|
$420 Million |
|
$43 Million |
|
$191 Million |
|
$17 Million |
Anicom Holdings, Inc. is a Pet Insurance company based in Tokyo, Japan with its headquarters in Shinjuku. The company is listed as 8715 (TYO) in the Tokyo stock market. The company has 287 employees working.
The company was founded in 1945 and is located in Spain. The company is the parent organization of Petsupermarket Comércio de Produtos para Animais S.A.
Pethealth Inc. is an international leader in the provision of animal management software, RFID microchip identification, database-related services for companion animals, and pet health insurance operating in North America and the United Kingdom. More recently, the Company has become a leading provider of pet pharmacy and pet specialty retail products to pet owners in the United Kingdom.
The company has been a trusted provider of Pet Insurance since 2000 in Canada and 2008 in the US. All of their plans pay 90% of eligible claims, and premiums are based on deductibles ranging from USD 0 to USD 1000. 24 Pet Watch has been providing Pet Insurance as a subsidiary of Pethealth Inc. since 2003. Although they've come a long way - updating their website and making it much easier to purchase a plan. Numerous customer reviews still put this provider well behind the pack, citing unexpected increases in premiums, dropped coverage, and denied claims.
SECURA Insurance Company is based in Neenah, Wis., and operates in 13 states, including Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Pennsylvania, Michigan, Minnesota, Missouri, North Dakota, and Wisconsin. Since 1900, the company has been known for its genuine people and exceptional service by agents and policyholders. As a property-casualty insurance company, it provides flexible, customized options for businesses, home, auto, farms, agribusiness, and nonprofits.
Spot Pet Insurance offers digital Pet Insurance for dogs and cats. The company is based in West Palm Beach, Florida, United States. It is a privately held organization consisting of 10 employees.
Wagmo is a tech-first pet wellness company built with new pet parents in mind. Wagmo's wellness and insurance plans empower pet parents to get the care they need for their pets when they need it the most. Wagmo alleviates the financial stress of routine and emergency pet care from grooming to essential maintenance, cancer treatments, and emergencies without having to compromise. The company was founded in 2017 by Christie Horvath and Ali Foxworth and is headquartered in NY. The company is a privately held organization. The company specializes in providing Pet Insurance.
The company was founded in 2017. The company specializes in Insurance, Fintech, Insurtech, Pets, Tech, Operations, Insurance, MGA, and Customer Support. The company is a privately held organization and consists of 500 employees.
ASPCA is the first animal welfare organization established in North America and serves as the nation’s leading voice for animals. The organization’s mission is to provide effective means for the prevention of cruelty to animals throughout the United States. The ASPCA provides local and national leadership in three key areas: protecting and rescuing animals from the crisis, assisting animals in communities, and advancing legal protections for animals. The ASPCA was founded by Henry Bergh in 1866 on the belief that animals are entitled to kind and respectful treatment at the hands of humans, and must be protected under the law. Headquartered in New York City, the ASPCA maintains a full-service animal hospital, spay/neuter clinic, rehabilitation center for canine victims of cruelty, kitten nursery, and adoption facility.
Healthy Paws is a retail company based out at 232 W Norfolk Ave, Norfolk, Nebraska, United States. The company is retail and has 10 employees working.
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