Tools commonly used in the Insurance-Pet industry for day-to-day tasks and operations.

• Pet insurance software
• Claims management software
• Customer relationship management (CRM) software
• Underwriting software
• Policy management software
• Risk assessment tools
• Actuarial software
• Fraud detection software
• Payment processing software
• Data analytics tools

Common products and services typical of NAICS Code 524298-16, illustrating the main business activities and contributions to the market.

• Pet health insurance
• Pet accident insurance
• Pet illness insurance
• Pet surgery insurance
• Pet dental insurance
• Pet cancer insurance
• Pet emergency insurance
• Pet wellness insurance
• Pet liability insurance
• Pet travel insurance

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• Certified Pet Insurance Agent: This certification is offered by the National Association of Professional Pet Sitters (NAPPS) and is designed for individuals who sell pet insurance policies. The certification covers topics such as pet insurance policy types, coverage options, and claims processing.
• Certified Pet Insurance Specialist: This certification is offered by the National Association of Insurance and Financial Advisors (NAIFA) and is designed for insurance agents who specialize in pet insurance. The certification covers topics such as pet insurance policy types, coverage options, and claims processing.
• Certified Animal Welfare Administrator: This certification is offered by the Society of Animal Welfare Administrators (SAWA) and is designed for individuals who work in animal welfare organizations. The certification covers topics such as animal welfare laws, animal behavior, and animal health.
• Certified Veterinary Practice Manager: This certification is offered by the Veterinary Hospital Managers Association (VHMA) and is designed for individuals who manage veterinary practices. The certification covers topics such as human resources, financial management, and marketing.
• Certified Animal Control Officer: This certification is offered by the National Animal Care & Control Association (NACA) and is designed for animal control officers. The certification covers topics such as animal behavior, animal cruelty investigations, and animal shelter operations.

A concise historical narrative of NAICS Code 524298-16 covering global milestones and recent developments within the United States.

• The "Insurance-Pet" industry has its roots in the United Kingdom, where the first pet insurance policy was sold in 1947. The industry grew slowly in the UK and the US until the 1980s when it began to gain popularity. In 1982, Veterinary Pet Insurance (VPI) was founded in the US, becoming the first pet insurance company in the country. In the early 2000s, the industry experienced significant growth, with more companies entering the market and offering a wider range of policies. In 2019, the global pet insurance market was valued at $4.5 billion, with North America accounting for the largest share of the market. In recent history, the "Insurance-Pet" industry in the US has continued to grow steadily. In 2019, the North American pet insurance market was valued at $1.42 billion, with the US accounting for the majority of the market share. The industry has seen an increase in the number of companies offering pet insurance policies, as well as an increase in the number of policies sold. In 2020, the COVID-19 pandemic led to a surge in pet adoptions, which in turn led to an increase in demand for pet insurance policies. The industry is expected to continue to grow in the coming years as more pet owners become aware of the benefits of pet insurance.

The anticipated future trajectory of the NAICS 524298-16 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Growing

  The pet insurance industry in the USA is expected to grow in the coming years due to the increasing number of pet owners and the rising cost of veterinary care. According to a report by Grand View Research, the global pet insurance market size is expected to reach USD 11.25 billion by 2025, growing at a CAGR of 14.3% from 2019 to 2025. The report also states that the increasing awareness about pet health and the availability of customized pet insurance policies are driving the growth of the industry. Additionally, the COVID-19 pandemic has led to an increase in pet adoptions, which is expected to further boost the demand for pet insurance in the coming years.

Recent groundbreaking advancements and milestones in the Insurance-Pet industry, reflecting notable innovations that have reshaped its landscape.

• Figo Pet Insurance: Figo is a Chicago-based pet insurance company that offers a cloud-based platform for pet owners to manage their pet's health. The platform allows pet owners to access their pet's medical records, track their claims, and find nearby veterinarians. Figo also offers a 24/7 virtual veterinary assistant that can answer pet health questions and provide advice.
• Lemonade Pet Insurance: Lemonade is a New York-based insurance company that offers pet insurance as part of its product portfolio. The company uses artificial intelligence and machine learning to provide personalized insurance policies for pets. Lemonade's pet insurance policies cover accidents, illnesses, and wellness care.
• Trupanion Express: Trupanion is a Seattle-based pet insurance company that offers a software platform called Trupanion Express. The platform allows veterinarians to submit claims on behalf of their clients in real-time. Trupanion Express also provides pre-approval for certain treatments, which can help pet owners manage their expenses.
• Nationwide Pet Insurance: Nationwide is a Columbus-based insurance company that offers pet insurance as part of its product portfolio. The company offers a range of pet insurance policies, including accident-only, illness-only, and comprehensive coverage. Nationwide also offers a mobile app that allows pet owners to manage their policies and file claims.
• Petplan Pet Insurance: Petplan is a Philadelphia-based pet insurance company that offers customizable pet insurance policies. The company's policies cover accidents, illnesses, and hereditary conditions. Petplan also offers a mobile app that allows pet owners to manage their policies and file claims.