Active is: Conducting proprietary research

Pet insurance is big business in the US

pet insurance dog


Among consumers in the US who have pet medical insurance, they are overwhelmingly satisfied with and loyal to their current plan. While price was the single biggest factor when choosing a plan, more than two-thirds based their choice on the recommendation of their vet or a friend. Among those who do not have a plan currently, almost half are interested.

Grassroots® Research interviews with about 800 consumers in the US who own dogs, cats or both revealed that 44% spent USD 0–USD 250 on their pets’ medical needs in the past 12 months, 32% spent USD 251–USD 500, and 25% spent more than USD 500. Meanwhile, 59% of sources were aware of pet medical insurance but never subscribed to a plan, while 16% currently subscribe to a plan, 16% were unaware, and 9% previously subscribed but no longer do.

Among the 16% of sources who currently subscribe to a pet medical insurance plan, 93% noted that they are satisfied with and likely to keep their pet insurance. Among those who currently subscribe to a plan, 39% chose their provider based on price, while 33% cited a recommendation by their vet and 30% by a friend. In addition, among sources who currently subscribe, 49% have had their current pet insurance company for one to three years, 32% for four years or more, and 18% for less than one year.

As to the 16% of sources who were unaware of pet medical insurance, 49% are somewhat or extremely interested, while 20% are somewhat or extremely uninterested. Regarding the 59% who were aware of pet medical insurance but never subscribed to a plan, 45% said it is too expensive, while 33% do not know enough about it, and 26% said their pet is healthy.

Grassroots® Research is a division of Allianz Global Investors that commissions investigative market research for asset-management professionals. Research data used to generate Grassroots® Research reports are received from independent, third-party contractors who supply research that, subject to applicable laws and regulations, may be paid for by commissions generated by trades executed on behalf of clients.


Climate change must change investors’ portfolios

Climate Change


However investors view the problem of climate change – perhaps as a threat to carbon-intensive industries or as an opportunity to contribute to the greater good – ignoring its effects on portfolios increasingly seems like a short-sighted option. Fortunately, there are many ways investors can incorporate this urgent issue into their strategies.

Key takeaways

  • Global warming is forcing the world to move towards a low-carbon economic model, and that will incur costs that investors must factor into their decisions
  • There are many ways to incorporate climate change into portfolios – including screening out “stranded assets” like fossil fuels, selecting best-performing companies or aiding the “just transition” to a low-carbon economy more holistically
  • At Allianz Global Investors, we aim to accelerate the speed of positive change – particularly within strategies that deliver social or environmental impacts – while enhancing the value of our clients’ assets
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