NEW YORK, Nov. 11, 2024 /PRNewswire/ — Report with market evolution powered by AI – The global pet insurance market size is estimated to grow by USD 30.07 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 34.51% during the forecast period. Rising pet population is driving market growth, with a trend towards increasing adoption of business development strategies among pet insurance companies. However, several exclusions and limits in pet insurance coverage poses a challenge.Key market players include Agria Pet Insurance Ltd., Allianz SE, Anicom Holdings Inc, Chubb Ltd., Dotsure Ltd., Embrace Pet Insurance Agency LLC, Healthy Paws Pet Insurance LLC, Hollard Insurance Group, Independence Pet Group, Intact Financial Corp., JAB Holding Co., Metlife Inc., Nationwide Mutual Insurance Co., NSM Insurance Group, Oneplan, Petofy, Petplan Iberica S.L., Porto Seguro Companhia de Seguros Gerais, The Oriental Insurance Company Ltd., The Progressive Corp., and Trupanion Inc..
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