Leading Pet Insurance Provider may Increase Premiums 18% by Year-End

Trupanion (NASDAQ: TRUP), a leading pet insurance provider, recently disclosed on an earnings call that the pet insurer “expects its premiums to increase by an average of 15% in the first quarter of 2023 year-over-year, rising to 18% by year-end” according to the VIN NEWS SERVICE.

According to the North American Pet Health Insurance Association (NAPHIA), the average annual accident and illness premium in 2021 for dogs was $583.91 and $342.84 for cats.