Archive for February 2025

Pet insurance is becoming an increasingly popular tool for pet owners looking to manage veterinary expenses. Much like health insurance for humans, pet insurance helps cover unexpected medical costs, offering financial security and ensuring pets receive necessary care without hesitation. However, many pet owners are unfamiliar with how pet insurance works, what it covers, and…

In his insightful article “Insurance Talk for Every Life Stage” published in Veterinary Practice News, Ricky Walther, DVM, emphasizes the importance of tailoring pet insurance conversations to match the various stages of a pet’s life. With rising veterinary care costs, Walther outlines strategies for veterinary practices to educate pet parents about the financial benefits—and inherent…

In today’s veterinary landscape, having pet insurance is an increasingly important tool for pet owners to manage unexpected veterinary expenses. However, many pet parents feel overwhelmed by the many options and details involved. For veterinary teams, the challenge is not to become insurance experts but to initiate clear, concise conversations that help clients understand the…

Pet insurance continues to see rapid growth across North America, reflecting rising veterinary costs and an increasing awareness of the financial benefits of coverage. The 2024 NAPHIA State of the Industry Report provides valuable insights into the latest trends, highlighting industry expansion, shifting pet ownership habits, and the impact of rising claims. Here’s what pet…

The pet insurance industry in North America has experienced significant growth, with total premiums surpassing $4 billion in 2023. This expansion reflects a heightened awareness among pet owners about the financial implications of veterinary care. However, alongside this growth, concerns have emerged regarding escalating premiums, limited coverage, and complex claims processes. Industry Growth and Market…

Pet insurance is more than a financial safeguard for pet parents—it’s a strategic asset for veterinary practices. Recent studies have shown that insured pets not only visit their veterinarians more frequently but also generate higher revenue per patient. In an increasingly competitive landscape with rising costs of care, understanding the business impact of pet insurance…