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Pet Insurance in the UK 2015: Worldwide Market Shares, Analysis, Size, Growth, Trends and Forecast to 2018 includes new market research report " Pet Insurance Industry in the UK to 2018: Global Market Size, Shares, Growth, Analysis, Trends And Forecast" to its huge collection of research reports.


Albany, NY -- (SBWIRE) -- 03/31/2015 -- This report is the result of extensive research into the pet insurance market in the UK, covering the market dynamics, outlook and competitive landscape. It provides estimates of the market size and projections of gross written premium, and discusses key products and distribution channels. The report also provides an overview of leading companies in the category, alongside details of any strategic initiatives undertaken.

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This report provides a comprehensive analysis of the pet insurance market in the UK.

It provides historical values for the UK pet insurance market for the report's 2009–2013 review period and forecast figures for the 2014–2018 forecast period.

It provides an overview of claims, market dynamics and market drivers.

It discusses key features of pet insurance products.

It profiles top pet insurers in the UK and outlines key challenges facing them.

Reasons to buy:

Gain an understanding of the UK pet insurance market.
Learn about the performance of claims, market drivers and distribution channels.
Understand competitive landscape in terms of key underwriters and brands.
Explore types of products and key competitors in the category.
Find out more on key deals and recent developments in the market.

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Key highlights:

Pet insurance demand remains steady as veterinary costs continue to rise.
High claims costs and pet insurance fraud are a growing concern.
Affinity deals and direct sales help insurers to grow pet insurance business.
The category is highly consolidated but competition is growing.
Premiums are expected to reach GBP1.1 billion by 2018.

Related Reports:

Global Pet Insurance Market: Trends and Opportunities (2014-2019)

Globally, pet insurance market is largely untapped with extremely low penetration rates and hence it holds potential with high market opportunity. In developed economies like the US, pet insurance penetration rate is less than 1% and the primary reasons for low coverage in North America is lack of awareness, short history of availability in relation to Western Europe and negative product perception from early market entrants. Despite of low penetration, several developed and developing nations are huge markets for pet insurance products and the market is likely to grow on the back of growing number of companion animals and increased awareness of insurance products.

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