“Pet insurance” increased by 22% in the first half of this year = South Korea

In South Korea, interest in "pet insurance" is increasing as the number of pet owners increases, and it has been found that the number of pet insurance subscriptions increased significantly in the first half of this year.
According to the Korean non-life insurance industry on the 20th, the 11 insurance companies that sell pet insurance had a total of 87,911 policies as of the end of June, an increase of 22.3% from the end of last year (71,896).
% increase. According to a public opinion survey conducted by the Ministry of Agriculture, Forestry and Livestock last year, there were 6.02 million pet households in South Korea, with an estimated number of pets at 7.99 million.
The insurance coverage rate for the total estimated number of pets is 1.1%, which has barely exceeded 1%. Pet insurance participation rate is 2
In 2020, it was only 0.4%, and last year it was 0.9%. However, the enrollment rate continues to increase at a double-digit rate every year.