Discover 2024's Key Trends in Pet Health Insurance Today

2024's Major Trends in Pet Health Insurance

Embrace Pet Insurance, a leading provider of health insurance for dogs and cats, recently unveiled their top pet names, breeds, and some remarkable insurance claim trends for 2024. This data highlights the growing significance of pet insurance among pet owners.

Top Pet Names of 2024

Most Popular Dog Names

According to their findings, the top dog names for 2024 include favorites like Luna, Bella, and Charlie. Newer entries to the list show trends among pet owners, with Bailey making a debut. The complete list of popular dog names is as follows:

1. Luna
2. Bella
3. Charlie
4. Daisy
5. Lucy
6. Cooper
7. Max
8. Bailey (new to the list)
9. Milo
10. Coco

Most Popular Cat Names

The cat names also show a blend of beloved classics and fresh choices. Luna remains a standout, followed by Oliver and Milo. Here are the popular cat names for 2024:

1. Luna
2. Oliver
3. Milo
4. Leo
5. Bella
6. Loki
7. Charlie
8. Lucy
9. Pepper
10. Mochi (new to the list)

Cultural Influences on Pet Names

While traditional names like Luna and Bella remained top picks, new trends emerged this year. Cultural figures are influencing pet name choices, with Taylor Swift-themed names rising in popularity. For instance, names like Willow saw a 21% increase this year. Other creative names inspired by Swift include Benjamin Button and Olivia Benson.

Top Dog Breeds for Insurance

When it comes to pet insurance, the top dog breeds insured in 2024 include:

1. Mixed Breed
2. Labrador Retriever
3. Golden Retriever
4. Goldendoodle
5. German Shepherd
6. French Bulldog
7. Yorkshire Terrier
8. Labrador Mix
9. Siberian Husky
10. Labradoodle

Interestingly, there has been a noticeable decline in the enrollments for German Shepherds and Siberian Huskies, dropping by 24% and 28% respectively. On the other hand, breeds like Goldendoodles have seen a 10% rise in popularity, indicating shifting preferences among pet parents.

Insights into Cat Breeds

Cats continue to capture hearts, with the following breeds being the most insured:

1. Domestic/mixed breed
2. Maine Coon
3. Siamese
4. Ragdoll
5. Bengal
6. Siberian
7. Sphynx
8. Russian Blue
9. Persian
10. American Shorthair

The domestic/mixed breed category remains dominant in pet insurance with a robust growth of 25%, alongside a remarkable 58% increase in tabby cat enrollments.

Claim Trends and Industry Insights

Embrace analyzes common claims and their average costs to offer valuable insights into pet health:

1. Allergic dermatitis: $182
2. Diarrhea: $224 (up 12% year-over-year)
3. Osteoarthritis: $156
4. Vomiting: $554
5. Anxiety: $85
6. Otitis externa (ear infection): $204
7. Skin mass: $580
8. Lameness: $394
9. Pruritus (itching): $167
10. Cranial cruciate ligament tear: $1,447 (up 5% year-over-year)

The data reveals that claims related to osteoarthritis have surged, showing a 49% growth from last year. On average, the total claim cost reached $445 across the board.

Record-Breaking Insurance Claims

The year saw remarkable individual claims, with significant payouts for cases involving:

• $41,339 for a Rhodesian Ridgeback (pancreatitis and gastrointestinal ulcer)
• $38,917 for a French Bulldog (intervertebral disc disease)
• $37,633 for a Golden Retriever (hit by car)

Overall, Embrace Pet Insurance processed over $212.5 million in claims throughout the year, with an impressive 92% of all claims covered.

Unique Embrace Policies

Embrace offers inventive insurance policies catering to pet parents' needs:

• Most pets on a policy: One policyholder insured 20 dogs, while another had 18 insured cats.
• Oldest insured pets: A 20-year-old Golden Retriever and a 23-year-old domestic medium hair cat.
• Top insured locations: Insurance policies were most prevalent in areas like Ewa Beach, San Antonio, and Honolulu.

Brian Macias, CEO of Embrace Pet Insurance, expressed enthusiasm about the year, stating, "2024 was a remarkable year for Embrace, as it reflected the growth of our community of pet parents and the increasing value placed on pet health and wellness. Our commitment to supporting pet parents has never been stronger. We are dedicated to helping pet parents access and afford the care their pets need and deserve."

About Embrace Pet Insurance

Embrace Pet Insurance specializes in comprehensive accident and illness insurance for pets. In addition to their core insurance products, it provides Wellness Rewards, a unique preventative care option. This service reimburses for routine veterinary visits and much more with no itemized restrictions. Recognized on the Forbes list of America's Best Insurance Companies in 2022, Embrace continues to enhance the pet insurance experience for pet parents across the nation.

Frequently Asked Questions

What trends did Embrace Pet Insurance identify for 2024?

Embrace Pet Insurance unveiled popular pet names, breeds, and significant insurance claims trends that are shaping the coming year.

Which are the top dog names for 2024?

The top dog names include Luna, Bella, Charlie, and new entry Bailey, reflecting evolving pet ownership trends.

What breeds are primarily insured by Embrace in 2024?

Mixed breeds, Labrador Retrievers, and Goldendoodles are among the top dog breeds insured in 2024.

How much did Embrace pay in claims this year?

In 2024, Embrace processed over $212.5 million in claims, with 92% covered.

What unique policies does Embrace offer?

Embrace stands out with policies allowing multiple pets, highlighting the case of a policyholder with over 20 insured dogs.

About The Author

Hi there, As a writer and financial specialist, Henry Turner is passionate about guiding people through the complex world of finance. Having worked in finance for many years, I am an expert at simplifying difficult financial ideas into understandable, useful insights for my blog and articles. My goal is to arm you with the confidence and information you need to make wise financial choices.

Writing for a number of financial blogs has allowed me to interact with readers from novice investors looking for fresh ideas to seasoned investors starting their financial journeys. My mission is to enable everyone to understand and access finance, so enabling you to confidently and clearly reach your financial goals. I appreciate you traveling with me toward success and financial literacy.

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