Insurance Asia presents analysis drawn from The Business Research Company’s Pet Accident Only Insurance Market Report 2025.

Pet ownership is rising steadily across regions, and with it, the need for financial protection against unexpected veterinary expenses. Insurance Asia highlights insights from The Business Research Company’s Pet Accident Only Insurance Market Report 2025, which shows the market generated $1.2 billion in 2024 and is projected to reach $1.5 billion in 2025. The report explains how increasing awareness of pet healthcare, higher treatment costs, and changing attitudes toward pets as family members are supporting adoption. It also examines how insurers are expanding product offerings, simplifying claims processes, and leveraging digital channels to reach new customers, particularly in urban and middle-income households.