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Pet Insurance in the UK - Industry Market Research Report

Publisher IBISWorld
Published Oct 04, 2024
Length 73 Pages
SKU # IBSS19343134

Description

Pet Insurance in the UK - Industry Market Research Report


Pet Insurance in the UK

Pet insurance policies are more commonplace in the UK insurance services market. An expansion in veterinary costs has encouraged pet owners to take out cover for their pets against accidents and injuries. According to ABI, industry firms underwrite insurance policies, with over 95% of insurance policies for cats and dogs. Industry revenue has expanded due to rising premium costs due to the innovation of new and more expensive procedures that can be performed on cats and dogs. Industry revenue is expected to increase at a compound annual rate of 3.2% over the five years through 2023-24 to reach £1.9 billion. This includes estimated revenue growth of 3.8% in 2023-24.

This industry underwrites insurance policies for pets and pays veterinary costs related to illness or injury.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares."

Table of Contents

73 Pages
ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Major Markets
Globalisation & Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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