Opportunities in UK Pet Insurance Market 2016 - Current Industry Size, Trends and Forecast Details
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.
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