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Verisk Just Made It Easier for U.S. Insurers to Enter the Growing Pet Insurance Market
Verisk’s first-of-its-kind program offers insurers policy forms, rating rules and loss costsJERSEY CITY, N.J., Oct. 14, 2025 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading strategic data analytics and technology partner to the global insurance industry, today announced the launch of a pet health insurance program within its Core Lines business. The first-of-its-kind program offers U.S. insurers a robust suite of standardized tools and insights to support entry into or expansion within the
About this update from Verisk Analytics, Inc.
[{"type":"image","alt":"Verisk Analytics, Inc.","displaySize":"","headline":null,"caption":"Verisk Analytics, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":85,"url":"https://media.zenfs.com/en/globenewswire.com/9664b9c9b6a8cebc6fc8c366a1748e75"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Mfse1nYrG.4xDtkxNm1paw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTExOTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/9664b9c9b6a8cebc6fc8c366a1748e75","width":300,"height":85}},"lazy":false},{"type":"text","content":"Verisk’s first-of-its-kind program offers insurers policy forms, rating rules and loss costs","length":92,"tagName":"p"},{"type":"text","content":"JERSEY CITY, N.J., Oct. 14, 2025 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading strategic data analytics and technology partner to the global insurance industry, today announced the launch of a pet health insurance program within its Core Lines business. The first-of-its-kind program offers U.S. insurers a robust suite of standardized tools and insights to support entry into or expansion within the rapidly growing pet insurance market.","length":445,"tagName":"p"},{"type":"text","content":"Verisk’s new ISO Pet Insurance Line of Business program will offer insurers policy forms, rating rules and loss costs, marking the first standardized pet insurance program from an advisory organization.","length":202,"tagName":"p"},{"type":"text","content":"“As more people have welcomed pets into their lives, the demand for pet insurance has surged in recent years along with veterinary costs,” said Ron Beiderman, chief product officer, Core Lines at Verisk. “With our new program, insurers have the tools and insights to support this growing market, reduce complexities and bring innovative coverage options to market faster, giving pet parents peace of mind.”","length":411,"tagName":"p"},{"type":"text","content":"Meeting a Growing Market Need","length":29,"tagName":"p"},{"type":"text","content":"The U.S. pet insurance market reached nearly $4.75 billion in gross written premiums in 2024, reflecting a 21.4 percent year-over-year increase, according to the 2025 NAPHIA State of the Industry Report. The number of insured pets also grew by 12.7 percent.","length":277,"tagName":"p"},{"type":"text","content":"Verisk’s new Pet Line of Business Hub, av...