Industry surpassed $2.17B USD and continued its growth trajectory despite the pandemic The North American Pet Health Insurance Association (NAPHIA) today reported that North America’s pet health insurance sector exceeded $2.174 billion USD in 2020, as the industry recorded its sixth consecutive year of double-digit growth. Today’s release of NAPHIA’s 2021 State of the Industry Report highlighted a number of… Read More
In 2020, the National Association of Insurance Commissioners (NAIC) created the Pet Insurance (C) Working Group to develop a model law that could create a stronger regulatory framework for pet insurance across the United States. Since that time, NAPHIA on behalf of all of its members has been actively engaged with the Pet Insurance (C)… Read More
Pet insurance offers the potential of $7 billion more in veterinary spending annually Read more
The North American Pet Health Insurance Association (NAPHIA) today reported that North America’s pet health insurance sector reached $1.717 billion (USD) in 2019. The 2019 results, included in NAPHIA’s 2020 State of the Industry Report, mark another milestone year for the industry that saw a 21% improvement over its 2018 performance of $1.42 billion (USD). “Last… Read More
The North American Pet Health Insurance Association (NAPHIA) has announced that Dr. Jules Benson, Chief Veterinary Officer for Nationwide, has been appointed as Chair of NAPHIA’s Veterinary Relations Committee. Dr. Benson is a licensed veterinarian, graduate of the University of Liverpool’s school of veterinary medicine, and an executive with a breadth of experience in the… Read More
NAPHIA has reconfirmed both its Executive Committee for 2020 and its Board of Directors, made up of selected representatives from our pet health insurance industry member organizations. Rick Faucher, President of the Pet Health Division at Independence American Insurance Company (IAIC) and an officer of IHC Specialty Benefits, continues his successful tenure as NAPHIA’s President,… Read More
The AVMA has long endorsed the concept of pet insurance as a financial tool to help clients afford timely and valuable veterinary services. However, on August 2nd, 2019 the AVMA’s volunteer House of Delegates (HOD) went a step further, amending the AVMA policy on pet health insurance to encourage practicing veterinarians to discuss pet health insurance with… Read More
Resolution 7 has now been referred to the AVMA House of Delegates for consideration during the upcoming AVMA conference. Kent Kruse DVM and longtime veterinary practice consultant feels strongly that the resolution should be passed on behalf of the profession. “In short, pet health insurance benefits are the only supplements to client discretionary cash which… Read More
FOR IMMEDIATE RELEASE – June 11, 2019 North America’s pet health insurance sector reached another major milestone, with total premium volume in North America reaching $1.42 billion USD by the end of 2018, according to the North American Pet Health Insurance Association (NAPHIA). Industry data also showed that 2.43 million pets were insured in North… Read More
Don’t pro-cat-stinate because registration is now open for the NAPHIA Leadership Forum 2019! During this two-day event you’ll get an exclusive insider’s look at the pet health insurance industry, while expanding your knowledge and networking with industry professionals. Take advantage of the hot desert sun and year-round outdoor fun Phoenix, Arizona has to offer while staying at the Kimpton Hotel Palomar Phoenix. This intensive two-day event… Read More