UK Pet Insurance: Market Dynamics and Opportunities 2017

"UK Pet Insurance: Market Dynamics and Opportunities 2017", analyzes the UK pet insurance market, looking at market size as well as changes in premiums, claims, medical costs, pet ownership, regulations, and opportunities. It discusses the leading competitors, how the market is likely to change due to rising costs and emerging technology, and provides future forecasts of market size up to 2021.

The pet insurance market continued on an upward trend with regards to market size in 2016. Strong growth in GWP was seen yet again, but the market remains blighted by significant increases in the number of reported claims, which grew to record levels. The ongoing growth in GWP has been driven by the response to a tough claims environment with rising prices, as insurers look to improve returns and generate better business.

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Scope
-The pet insurance market broke the £1bn mark in GWP for the first time in 2016 as insurers continue to battle rising medical costs.
-Having previously been under-represented on price comparison sites, many pet providers now see them as a crucial distribution channel.
-Insurtech is entering the market with Fitbit-style technology, a range of apps, and innovative comparison sites beginning to emerge.

Reasons to buy
-Keep up to date with the new trends and innovations in the market.
-Benchmark yourself against competitors.
-Learn about growth in all aspects of the market, what is driving it, and whether it looks set to continue.

Company Overview
Table 1: Pet insurance GWP in the UK 10
Table 2: UK pet insurance market gross claims incurred, 2012-16 12
Table 3: UK pet insurance market claims notified, 2012-16 13
Table 4: Average claims costs in the UK pet insurance market, 2012-16 15
Table 5: Top 10 conditions for claims in the UK pet insurance market, 2016 15
Table 6: Top 10 most expensive claims in the UK pet insurance market, 2016 16
Table 7: Dog and cat ownership by geographical region, 2016 22
Table 8: UK pet insurance market GWP forecast, 2016-20f 34

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This release was published on openPR.