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Pet Insurance market research, reports and industry analysis

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  1. UK Pet Insurance: Market Dynamics and Opportunities 2016

    By: Verdict Financial
    , Published: Jul-2016
    , Product code: VF0018IA
    2015 saw the UK pet insurance market continue to grow, with gross written premiums (GWP) increasing by 6.3% from £853m in 2014 to £910m in 2015. Medical inflation remains the underlying factor driving GWP, with the quality of medical treatments and veterinary procedures influencing cost greatly and sparking inflationary pressure. Product penetration has also grown, with the number of policy subscribers continuing its upward trend from 2012 to reach 3.4 million – an increase of 8.7% from 2014. The market has been battling to increase product take-up and is vying to maintain distribution output by increasing the availability of policies on direct propositions and price comparison sites. Aggregators still serve the pet space, but while many of the smaller providers continue to place more of their business onto these platforms, the major players are still refraining from using price comparison sites as a means of product distribution – with good reason.
    $3,450.00

  2. Pet Insurance in the UK - Key Trends and Opportunities to 2019

    By: Timetric
    , Published: Mar-2016
    , Product code: FS0145MR
    This report is the result of extensive research into the pet insurance category in the UK, covering the market dynamics, outlook and competitive landscape.
    $2,795.00

  3. UK Pet Insurance: Distribution and Marketing

    By: Verdict Financial
    , Published: Feb-2016
    , Product code: VF0008IA
    Pet insurance is a voluntary personal lines product that customers can buy to protect themselves financially if their pet falls ill. It is one of the more complicated insurance products as customers need to tailor the policy to their pet’s breed and age, and also consider the impact of policy selection as their pet ages or develops long-term illness. The cost of pet insurance premiums has been rising due to vet fee inflation caused by new treatments available through technological advances. Therefore both insurers and customers are looking for new ways to control policy price and make pet insurance more affordable. The overall market is dominated by a small number of insurers to which customers stay loyal through lifetime policies. However with premiums rising, the affordability of pet insurance is causing great concern for customers.
    $1,995.00

  4. Pet Insurance in the UK, Key Trends and Opportunities to 2018

    By: Timetric
    , Published: Mar-2015
    , Product code: FS0132MR
    This report is the result of extensive research into the pet insurance market in the UK, covering the market dynamics, outlook and competitive landscape. It provides estimates of the market size and projections of gross written premium, and discusses key products and distribution channels. The report also provides an overview of leading companies in the category, alongside details of any strategic initiatives undertaken.
    $2,795.00

  5. UK Pet Insurance: Market Dynamics and Opportunities

    By: Verdict Financial
    , Published: Aug-2014
    , Product code: 248001
    The pet insurance market is expected to have seen little change in terms of product penetration or number of policies in 2013 or 2014. Insurers report ongoing claims inflation, driven by advancements in veterinary treatments. Key for the market is the development of avenues to improve product take-up, targeting the estimated two thirds of dog and cat owners without insurance.
    $3,450.00

  6. UK Pet Insurance: Competitor Dynamics

    By: Verdict Financial
    , Published: Jul-2013
    , Product code: 248003
    The UK pet insurance market was relatively consolidated in 2011–12, both in terms of underwriters and consumer-facing brands. Due to stagnant subscriber growth, insurers are targeting the same customers, and movement in the market is coming from churn. The pet insurance market has reached a point where it needs to increase product penetration in order to grow.
    $1,295.00

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