Pet Insurance Industry Growth

The North American pet insurance industry grew 15% last year. Total premiums were $618 million in 2013, compared to $539 in 2012.

The US accounted for $536 million in premiums, while Canada accounted for $82 million.

VPI is still the largest pet insurer with 41% of the North American market ($253 in gross written premiums.)

Total premiums are expected to pass a billion dollars a year by the end of the decade.

More info in the Packaged Facts report.