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What is 2023 NAPHIA GWP Insights for Pets about?

The 2023 NAPHIA State of the Industry Report highlights significant growth in the North American pet health insurance market, with a 21.7% increase in in-force insured pets and a gross written premium (GWP) reaching approximately $3.2 billion in the U.S. The report indicates a year-over-year variance of 24.2% in GWP for 2022, reflecting a slowdown compared to previous years. Additionally, the total insured pets in the U.S. rose to nearly 4.85 million, with dogs making up the majority of insured pets.

Author

Filipa Vaz

Language

EN