Industry Analysis & Industry Trends
The Pet Insurance industry grew quickly during the past five years, expanding even during the economic downturn, as pet owners increasingly treated their pets as family members. Industry firms began to offer a wider variety of insurance options that offered more customized plans targeted towards pet owners with different demands and incomes. Trends that have been spurring growth during the past five years, such as rising pet ownership and disposable incomes, will continue to contribute to industry growth during the next five years.... purchase to read more
Industry Report - Industry Investment Chapter
The Pet Insurance industry operates with a low level of capital intensity. In 2014, IBISWorld estimates that for every $1.00 spent on wages, the industry will allocate $0.06 to capital investment, mirroring the industry's level of capital intensity in 2009. Industry operators rely extensively on IT systems and databases to process transactions, summarize results and manage business operations. Additionally, industry operators typically integrate their financial systems and electronic payment solutions.
Many industry operators develop their own proprietary software systems; these systems often incorporate data analytics, pricing engines, claims processing and customer relationship management tools... purchase to read more