Pet Insurance

US pet insurance policies grew to 6.5 million in 2024 — a 22% year-on-year increase — as veterinary costs rose 10% annually and pet owners faced unexpected bills exceeding $10,000 for emergency care. Providers like Trupanion, Lemonade, and Spot dominate a market projected to reach $16 billion by 2028. Many employers began offering pet insurance as a workplace benefit in 2024-2025.