UK Pet Insurance Industry 2017

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Household expenditure on veterinary care rose by 22.2% during the review period. Despite fast growth, pet insurance market penetration remained low, with approximately 46% of dogs and 66% of cats left uninsured in 2012, resulting in huge potential for new product providers.

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UK Pet Insurance Industry 2017

  1. 1. Pet Insurance in the UK, Key Trends and Opportunities to 2017 by Timetric Explore all reports for “Pet Insurance” market @ http://www.rnrmarketresearch.com/reports/ consumer-goods/cosmetics-personal- care/pet-insurance . © RnRMarketResearch.com ; sales@rnrmarketresearch.com ; +1 888 391 5441
  2. 2. Pet Insurance in the UK, Key Trends and Opportunities to 2017 Gross written premiums in the pet insurance category grew by 35.5% in absolute terms during the review period (2008–2012), making it the fastest- growing category of insurance sales. The category’s expansion was promoted by rising veterinary fees and advances in veterinary treatment. Despite the recessionary environment and the squeeze on household incomes, demand for pet insurance remained strong during the review period. Lifestyle changes and an increase in the number of smaller households have made it more difficult to own a pet, but almost half of all UK households owned at least one pet in 2012. Household expenditure on veterinary care rose by 22.2% during the review period. Despite fast growth, pet insurance market penetration remained low, with approximately 46% of dogs and 66% of cats left uninsured in 2012, resulting in huge potential for new product providers. Inquire for a discount on this report @ http://www.rnrmarketresearch.com/contacts/discount?rname=118793 . © RnRMarketResearch.com ; sales@rnrmarketresearch.com ; +1 888 391 5441
  3. 3. Pet Insurance in the UK, Key Trends and Opportunities to 2017 Reasons To Buy Gain an understanding of UK pet insurance market size Learn about the performance of claims, market drivers and distribution channels Understand the competitive landscape in terms of key underwriters and brands Explore the key features of pet insurance products Find out more about key deals and recent developments in the market Complete report available @ http://www.rnrmarketresearch.com/pet- insurance-in-the-uk-key-trends-and-opportunities-to-2017-market- report.html . © RnRMarketResearch.com ; sales@rnrmarketresearch.com ; +1 888 391 5441

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