Pet refers to animals that are suitable for raising at home, can be used as partners in life, enrich human affective life, and improve human quality of life. In general, in the UK, Europe, and North America, where the economy has developed, raising pets is common, so it can be seen that raising pets is closely related to economic development. As pets are raised more, pets may get sick or get sick, just as humans get sick or sick. In particular, if pets need surgical surgery or pets stay in an animal hospital for a long time, the medical cost for this can be quite high. In addition, accidents in which pets cause personal injury to others often occur. In this case, insurance law measures are needed, which can be called pet insurance. In the case of China, it can be said that the number of households raising pets is on the rise along with the rapid growth of the economy. However, the level of public awareness of pet insurance is not that high. Nevertheless, interest in raising pets has been growing, especially among the younger generation, and awareness of pet insurance is quite high. It can be said that China’s pet insurance market is currently stagnant. The reasons can be found in the low level of awareness of pet insurance, poor access to insurance, complicated insurance claims procedures, lack of access to animal hospitals, lack of expertise in veterinarians, and lack of advanced pet-related legislation. In order for China’s pet insurance market to grow in the future, first, it is necessary to raise the level of public awareness of pet insurance and increase access to pet insurance. Second, it is necessary to increase the registration rate of pets through the advancement of the pet-related legislation, and in the case of ferocious dogs, it is necessary to enforce liability insurance. Third, it is considered necessary to establish and promote educational policies to expand the number of animal hospitals and strengthen the expertise of veterinarians in the long run.