Boston, MA -- (SBWire) -- 06/26/2013 --The pet insurance market is relatively consolidated, both in terms of the underwriters and the consumer-facing brands. This narrow, maturing market is dominated by pet-related brands, despite the small number of insurers underwriting the policies.
Scope of this Report
- Gain insight on the preferred distribution channels and the advertising platforms insurers are using to complement their distribution strategies.
- Effectively engage your customers by investing in the distribution methods preferred by different customer groups.
- Ensure your distribution strategy is adapted to the threats and opportunities created by comparison sites.
- Build an understanding of the top pet insurance brands and their importance for partnerships.
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Report Highlights
Pet insurance is a relatively consolidated market in terms of distribution. The top 10 consumer-facing pet insurance providers had a combined brand share of 77.5% in 2012.
Partnerships are a critical component in the distribution of pet insurance, accounting for a brand share of 41.9%. This channel is also more prone to shifts, as brand-underwriter partnerships change every few years.
Marketing activity slowed down in the overall pet insurance market, but there was a significant advertising push by Animal Friends.
Reasons to Get this Report
- What are the key distribution channels for pet insurance, and how are they being influenced by comparison sites?
- Which methods of arranging pet insurance are preferred by customers?
- Which pet insurance providers spent the most on marketing in 2012, and which platforms did they advertise on?
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"UK Pet Insurance: Distribution Landscape and Marketing Activities" Now Available at Fast Market Research
New Financial Services research report from Datamonitor is now available from Fast Market Research