openPR Logo
Press release

UK Pet Insurance Market 2018-2022| RSA, Allianz, Bought By Many, Animal Friends, More Than

10-24-2018 07:11 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Pet Insurance Market

UK Pet Insurance Market 2018-2022| RSA, Allianz, Bought By Many,

Albany, NY, 24th October : Recent research and the current scenario as well as future market potential of "UK Pet Insurance: Market Dynamics and Opportunities 2018" globally.

Summary

This report analyzes the UK pet insurance market, looking at market size as well as changes in premiums, claims, medical costs, pet ownership, and opportunities. It discusses competitors in the market, how the market is likely to change due to rising costs and emerging technology, and provides future forecasts of market size up to 2022.

Get PDF for more Professional and Technical insights @ https://www.researchmoz.us/enquiry.php?type=S&repid=1843614

The UK pet insurance market experienced another year of growth in 2017, with total market gross written premiums (GWP) of 1,190m - an increase of 13.8% compared to 2016. The number of policies also grew considerably by 10.9% to reach 3.76 million. Yet there is still considerable potential for further growth as the majority of pets in the UK remain uninsured. Medical inflation remains one of the main driving forces behind the increase in GWP, with insurers passing on the cost to policyholders. The sustainability of premium increases endures as this markets greatest challenge and threat.

Scope

- The dog insurance market represents the largest percentage of the total pet insurance market. With the UK population of cats and dogs estimated to be similar in size, product uptake appears to be lowest in the cat market, while premiums are higher in the dog market.
- The increasing cost of pet healthcare is likely to drive growth within the market. Uninsured owners will feel the squeeze, resulting in an increase in uptake as owners begin to realize the benefits of insurance.
- Insurers could look to other markets such as health insurance in order to develop solutions to combat the rising cost of claims. Technological developments such as wearable devices offer a major opportunity.

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.

View Complete TOC with tables & Figures @ https://www.researchmoz.us/uk-pet-insurance-market-dynamics-and-opportunities-2018-report.html/toc

Table of Contents

1. EXECUTIVE SUMMARY 2
1.1. Market summary 2
1.2. Key findings 2
1.3. Critical success factors 2

2. THE PET INSURANCE MARKET 7
2.1. The UK pet insurance market continued to grow in 2017 7
2.1.1. UK pet insurance GWP reaches its highest point 7
2.1.2. Another year of growth for the number of policies written 9
2.2. The gross cost of claims continues on its upward trend 12
2.2.1. Further advancements in treatments are fueling an increase in the cost of claims 12
2.2.2. Veterinary salaries have had little impact on the cost of claims 14
2.2.3. The average claim varies considerably depending on the type of pet 15
2.3. Summary of the current market 16
2.4. The UK pet population has increased in 2018 18
2.4.1. The number of households with at least one pet has also risen 18
2.4.2. Obesity within the UK pet population is a hidden problem 20

3. COMPETITOR PROFILES 22
3.1. There has been little change in terms of the dominant players 22
3.1.1. Allianz and RSA remain the main players in the market 22
3.1.2. Bought By Many brings a new approach to the market 23
3.1.3. Animal Friends also aims to streamline the claims process 24
3.2. The market leaders have the greatest marketing expenditure 24

Make An Enquiry @ https://www.researchmoz.us/enquiry.php?type=E&repid=1843614

4. THE FUTURE MARKET 26
4.1. The market is set to continue growing 26
4.1.1. Total market GWP is forecast to reach 1.7bn in 2022 26
4.1.2. Policy numbers will continue rising 27
4.2. The claims landscape will become increasingly challenging 29
4.2.1. Dog insurance claims are forecast to increase through to 2022 31
4.2.2. Cat insurance 33

ResearchMoz is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price.

Mr. Nachiket Ghumare,
ResearchMoz,
90 State Street, Albany NY, United States,
Tel: +1-518-621-2074,
USA-Canada Toll Free: 866-997-4948,
Email: sales@researchmoz.us,
Follow me on : https://marketinfo247.wordpress.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release UK Pet Insurance Market 2018-2022| RSA, Allianz, Bought By Many, Animal Friends, More Than here

News-ID: 1323640 • Views:

More Releases from Pet Insurance Market

Pet Insurance Market Size & Share Sees Big Growth By 2027| Anicom Holding Inc, Embrace Pet Insurance Agency LLC, Figo Pet Insurance LLC, Hartville Group
Pet Insurance Market Size & Share Sees Big Growth By 2027| Anicom Holding Inc, E …
Pet Insurance Market 2021: The Report Titled on “Pet Insurance Market” provides in-depth review of the Growth, Drivers, Potential Challenges, Unique Trends and Opportunities for market participants equip readers to fully comprehend the overall landscape of the Pet Insurance industry. “Global Pet Insurance Market” report offers a complete analysis of the market. It will thus via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured within the
Pet Insurance Market 2019 : Insights into the Competitive Scenario of the Market
Pet Insurance Market 2019 : Insights into the Competitive Scenario of the Market
Researchmoz added Most up-to-date research on “Global Pet Insurance Market Size, Status and Forecast 2019-2025” to its huge collection of research reports. The Pet Insurance market report [6 Year Forecast 2019-2025] focuses on Major Leading Industry Players, providing info like Pet Insurance product scope, market overview, market opportunities, market driving force and market risks. Profile the top manufacturers of Pet Insurance, with price, sales, revenue and global market share of
Pet Insurance Market Report 2018 Companies included Petplan UK (Allianz), Nationwide, Trupanion, Petplan NorthAmerica(Allianz), Hartville Group, Pethealth, Petfirst, Embrace and Others
Pet Insurance Market Report 2018 Companies included Petplan UK (Allianz), Nation …
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com ********* This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides
Pet Insurance Market Report 2018 Companies included Petplan UK (Allianz) (UK), Nationwide (US), Trupanion (US), Petplan NorthAmerica (Allianz) (US), Hartville Group (US), Pethealth (US), Petfirst (US), Embrace (US), Royal & Sun Alliance (RSA) (UK), Direct
Pet Insurance Market Report 2018 Companies included Petplan UK (Allianz) (UK), N …
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com ********* This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides

All 5 Releases


More Releases for GWP

ESD Totes Market 2022 Precise Outlook | Flexcon Container, Molded Fiber Glass Tr …
Global ESD Totes Market Size & Forecast 2022 to 2028 The latest report on the ESD Totes Market offers a comprehensive valuation of the market. It gives detailed analysis via qualitative insights, historic data, and supportable projections about market size. The predictions included in the report have been derived using confirmed research methodologies and assumptions. The report contains a detailed analysis of ESD Totes market growth, segmentation, and regional and country
Global Low GWP Refrigerants Market Share, Growth, Trends by ZMR: 2020-2026
The "Global Low GWP Refrigerants Market Share, Growth, Trends by ZMR: 2020-2026" distributed and advanced by Zion Market Research gives inside and out portion investigation of the Low GWP Refrigerants Market being compelling in a few areas, in this manner giving significant bits of knowledge to the opponents. The Low GWP Refrigerants Market report that features the worldwide Low GWP Refrigerants Market confers the crowds with an extensive audit of
Global Low GWP Blowing Agents Market Analysis by 2020-2025
Global Info Research offers a latest published report on Low GWP Blowing Agents Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. This report focuses on the key global Low GWP Blowing Agents Concentrate players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years. Click to view the full report
Low GWP Refrigerants Market: Global Forecast and Analysis 2020-2030
The study of Low GWP Refrigerants Market published by Prophecy Market Insights offerings all compilation of the historical, current and future outlook of the market. This report is very helpful for understanding the market complexity. This report will help manufacturers, distributors, and retailers to realize and understand the market drivers, restraints, and opportunities to generate revenue, and trends that are instrumental in shaping the target market and its revenue etc.
Low GWP Refrigerants Market Size, Share, Development by 2024
Global Info Research offers a latest published report on Low GWP Refrigerants Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 102 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. Click to view the full report TOC, figure and tables: https://www.globalinforesearch.com/global-low-gwp-refrigerants-market_p130023.html   Scope of the Report: The worldwide market for
Global Photovoltaic installations reached 109 GWp in 2018
The news agency Bloomberg New Energy Finance reports In 2018, more than 109 GWp of photovoltaics were installed globally. Reasons for the enormous increase include a 12% reduction in installation costs. Likewise, easier financing through banks. Solar energy has now surpassed wind at Bankability, partly because sun is easier to forecast and maintenance costs are much lower. Also, the quality and efficiency of the modules has increased enormously, as well as