History of Pet Insurance

1 Posted by - November 10, 2005 - Insurance
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    First pet insurance policy is written for a dog in Sweden. About 50% of pets are now insured in Sweden.

 

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    First pet insurance policy is sold in Britain, and pet insurance takes off rapidly there. Today, about 25% of pets in the UK are covered.

 

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    First pet insurance policy is sold in the US to protect TV’s heroic dog Lassie.

 

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    The Hartville Group, which provides ASPCA Pet Health Insurance through its subsidiary agency, is founded and begins offering pet insurance for US dogs and cats.

 

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    More than 500,000 pets in North America are covered by pet insurance, and Hartville Group is one of the leading pet insurance providers.

 

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    The American Society for the Prevention of Cruelty to Animals® (ASPCA®) chooses Hartville as its strategic partner for pet insurance. Through this relationship, ASPCA Pet Health Insurance is launched to help pet parents afford the veterinary care their pets need.

 

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    The North American Pet Health Insurance Association (NAPHIA) is founded to establish and maintain universal and professional standards for terminology, best practices, quality and ethics in the pet health insurance industry. The Hartville Group is one of the founding members of NAPHIA.

 

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    About 1 million pets in North America are protected with pet insurance. Plus, more veterinarians recommend pet insurance to their clients to help them afford critical treatments.

 

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    Pet parents spent about $13 billion on veterinary care in 2010, up 40% from 2006. Pet insurance continues to grow in popularity as pet parents seek help managing these costs.