Archive for June, 2016
The pet insurance market, although relatively small, is on the rise.
According to BenefitNews, the pet healthcare industry is seeing an increase in insurance for pets and overall animal care.
“Pets are treated less like work animals and more as a member of the family,” said Scott Liles, president and chief pet insurance officer at Nationwide.
Wholly one-third of Fortune 500 companies now offer some sort of pet insurance plans and that number looks like it will continue to increase.
“The market is small,” Liles said, “but growing.”
Insurance for pets might be a relatively new happening, but it makes sense. Pets have such a strong emotional connection wit