Sector Spotlight: Pet Insurance

The insurance industry looks poised to have a big year for M&A activity, thanks to the proliferation of AI solutions and to insurers leveraging consolidation to improve profitability. The pet insurance sector could be a particular hot spot.

Pet insurance companies are growing faster, on average, than their peers in other sectors. And with over 8,000 privately owned companies ripe for acquisition, the niche could fetch big returns for private market dealmakers. Here’s what you need to know.

Opportunities in the Pet Insurance Sector

Source: Grata

Pet insurance companies account for 10.5% of the larger insurance industry. Though the space is relatively small, it is ripe with acquisition opportunities. Currently, there are over 8,300 privately owned companies in the sector.

Pet Insurance Companies Fetch Big Returns

Source: Grata

Of the sectors analyzed in Grata’s PE Playbook: Insurance, pet insurance companies see the most average growth by a long shot. They are also among the top performers in terms of average revenue.

The typical cost of a visit to the vet has surged by more than 60% in the last decade, pushing more consumers to enroll in insurance for their furry friends. Insurers are also increasingly offering more tailored plans that include wellness and alternative therapy services, as well as plans that cover a wider range of pet types.

Top Companies in Pet Insurance

Source: Grata

Finding the top companies in the pet insurance industry is quick and easy with Grata. Use our Agentic Search feature to surface companies like these in seconds. Specify the revenue range, employee head count, and more to find the exact companies you’re looking for.

Take Action with Grata

If you’re a private market dealmaker looking to make moves in the pet insurance space, Grata can help you put the insights in this article into action.

From in-depth market research to sourcing to pipeline management and relationship nurturing, Grata’s end-to-end dealmaking platform streamlines your workflows so that you can close more deals.

Schedule a demo today to get started.