What’s happening in the US pet insurance segment? – AM Best

ltcinsuranceshopper By ltcinsuranceshopper February 4, 2025


The report highlights that the loss ratio for pet insurance in the first nine months of 2024 was higher than for the broader inland marine segment, potentially due to growing demand for coverage against rising veterinary costs. Despite this, the inland marine loss ratio for the period remained in the post-pandemic range of 44-49%. The top 10 pet insurers control 90% of the market, making it highly concentrated. 



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