The horse insurance market is expected to grow at a CAGR of 13.08% through 2028, driven by increased investment in equine healthcare, rising popularity of equestrian sports, and awareness of insurance benefits. Customized insurance solutions, digitalization, and sustainability are key trends in the market, with a focus on tailored coverage options, AI-driven risk assessment, and policies that support animal welfare and eco-friendly practices.

Challenges in the market include regulatory differences, high premium costs for high-value equine coverage, and limited awareness among horse owners about the benefits of comprehensive insurance. Europe dominates the market due to its strong equestrian culture and advanced insurance infrastructure, while North America is the fastest-growing region with increasing investment in equine sports and high insurance adoption rates.

The fastest-growing segment in the market is Major Medical & Surgical Insurance, driven by rising veterinary costs and demand for advanced healthcare solutions. Commercial insurance demand is also surging due to equestrian events, racing, and horse breeding businesses. Key market players include AXA, Quotezone Horse Insurance, The Insurance Emporium Horse Insurance, Markel Corporation, and Great American Insurance Group.