A resident leaves home with her pet cat at a community in the Xiling District of Yichang City, central China's Hubei province, on March 20, 2020. As the country’s population gets older and more people choose not to have children or to live alone, pets are an increasingly popular option for companionship at home. Photo: Xinhua A resident leaves home with her pet cat at a community in the Xiling District of Yichang City, central China's Hubei province, on March 20, 2020. As the country’s population gets older and more people choose not to have children or to live alone, pets are an increasingly popular option for companionship at home. Photo: Xinhua
A resident leaves home with her pet cat at a community in the Xiling District of Yichang City, central China's Hubei province, on March 20, 2020. As the country’s population gets older and more people choose not to have children or to live alone, pets are an increasingly popular option for companionship at home. Photo: Xinhua
Insurance

China Continent Insurance expands animal coverage amid booming pet economy expected to reach US$73 billion by 2023

  • China Continent Insurance is increasing pet coverage to include accidents and higher limits, pouring money into the market as new technologies help reduce fraud
  • China’s pet economy is projected to double from 2019 to 2023 as people aged 60 and over approach a fifth of China’s total population and more people live alone

Topic |   Insurance
A resident leaves home with her pet cat at a community in the Xiling District of Yichang City, central China's Hubei province, on March 20, 2020. As the country’s population gets older and more people choose not to have children or to live alone, pets are an increasingly popular option for companionship at home. Photo: Xinhua A resident leaves home with her pet cat at a community in the Xiling District of Yichang City, central China's Hubei province, on March 20, 2020. As the country’s population gets older and more people choose not to have children or to live alone, pets are an increasingly popular option for companionship at home. Photo: Xinhua
A resident leaves home with her pet cat at a community in the Xiling District of Yichang City, central China's Hubei province, on March 20, 2020. As the country’s population gets older and more people choose not to have children or to live alone, pets are an increasingly popular option for companionship at home. Photo: Xinhua
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