Pet insurance report shows large growth in US market
News from Live Insurance News:

IBISWorld has now released its latest U.S. Industry Market Research Report, which provides details as to the progress of the pet insurance sector over the last five years.

What it has indicated is that there has been notable growth among insurers and consumers.

Over the last five years, according to the report, the pet insurance industry grew very rapidly, continuing its expansion regardless of the direction of the economy as a whole. It is a clear reflection of the increasing feeling among animal owners that their furry friends are members of the family. In response, insurers started to broaden the options that were available and increased customization of plans.

This allowed pet insurance to be accessible to owners with different incomes and demands.

These pet insurance trends have been driving the growth throughout the past five years and the report forecasted that it will continue into the next five years, as well. The p…………… continues on Live Insurance News

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