Packaged Facts
North America Primed for Pet Insurance Market Expansion and Expecting $1.1 Billion by 2012
Published in Healthcare Finance, Tax and Law Weekly, April 30th, 2008
A new report from Packaged Facts, Pet Insurance in North America, expects North Americans will take an increasingly strong interest in pet insurance during the next five years, placing sales as high as $1.1 billion in 2012. This forecast is consistent with soaring revenues in the overall pet market due to affluent households and their willingness to spend more on the health and wellness of their beloved furry family members. A conservative estimate indicates revenues of pet insurance were at $248 million in 2007, up 21% from $205 million in 2006.
North America is primed for expansion in the pet insurance market. For the first time insurance plans are being sold under...
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