"Pet insurance is a weird product. It is essentially a health insurance product regulated as a property and casualty product," said Chris Blatchly, of Cognizant. (Credit: iamnottaa/Shutterstock)
Increasing rates of pet adoptions alongside growing awareness about animal care and treatment are anticipated to drive the pet insurance market, according to Acumen Research and Consulting, which expects the sector to grow around 7%, compounded annually, through 2027.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
