1. Pet Insurance in the UK, Key Trends and
Opportunities to 2017
by
Timetric
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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.
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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
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insurance-in-the-uk-key-trends-and-opportunities-to-2017-market-
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