Whether you are a journalist, researcher, or just a curious pet parent wanting to learn more about Embrace Pet Insurance or the pet insurance industry in general, we have a micro-site for you!
Check out the Embrace Pet Insurance Press Room, which includes:
- Embrace Press Mentions
- History of Pet Insurance
- Facts About Pet Insurance
- Facts About Pets in the US
For example, here's the size of the pet insurance market in the US.
How Big Is the US Pet Insurance Market?
Embrace estimates that at the end of 2006 there were around 520,000 pet insurance policies in force with total direct written premium across the industry of $163 million. Written premiums grew at a compounded rate of 22% between 2000 and 2006.
Our calculated written premium figure is substantially lower than the $230.2 million that the independent research firm Packaged Facts predicted in its 2005 report Pet Insurance in North America: The Market and Trends in the US and Canada. The difference between the numbers stems from us basing our estimate on more recent reported statutory or regulatory data that Packaged Facts did not have access to at the time.
So, there you have it - all you ever wanted to know about pet insurance in the US and more. Let me know if there's something else you'd like to see.
