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 Locations Chapter
Insurance companies often offer pet insurance through other retail outlets, which tend to locate themselves in line with the geographical distribution of the population. This is because it is important for participants to have access to consumers and potential clients. At the same time, it is important to note that the distribution of industry participants is also reflective of state regulations and adverse conditions. Adverse conditions include high prevalence of ringworm, fleas, ticks, heartworm and other issues that require treatment.
In 2012, the Southeast region is expected to account for about 24.0% of total industry establishments while population is accounts for about 25.2%... purchase to read more