Pet Insurance in the UK

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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.

Key Highlights
Aviva Now Underwrites Pet Insurance Policies Itself
RSA Renews Pet Insurance Partnership with Tesco Bank
L&G Extends its Range of Personal insurance Cover with Launch of Pet Insurance
Capita Insurance Distribution Selects Zenith Insurance to Underwrite Pet Policies
Sainsbury's Bank Partners with Allianz Insurance for Pet Insurance
M&S Reappoints RSA for Pet Insurance
Axa Pulls Out of Pet Insurance Market

Key Topics Covered:
1 Executive Summary
2 Introduction
3 Market Analysis
4 Competitive Landscape
5 Porter's Five Forces Analysis
6 Deals and News
7 Regulation and Compliance
8 Economic Backdrop
9 Company Profiles

Name of Insurance Co.
Agria International Forsakring AB
Allianz Insurance Plc
Axa Insurance UK Plc
Direct Line Insurance Group Plc
Pinnacle Insurance Plc
QBE Insurance (Europe) Ltd
Red Sands Insurance Company (Europe) Ltd
Royal & Sun Alliance Insurance Group Plc
Ultimate Insurance Company Ltd
Zenith Insurance Plc


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