Research and Markets: UK Pet Insurance Market Report 2015

DUBLIN–(BUSINESS WIRE)–Research and Markets (http://www.researchandmarkets.com/research/wkjbj2/uk_pet_insurance)
has announced the addition of the “UK
Pet Insurance Market Report 2015”
report to their offering.

This market report covers the UK market for pet insurance. Pet insurance
is a product designed for pet owners to cover the cost of veterinary
treatment for their pets, which can represent a significant and
unplanned cost. Pet insurance is a way to make it easier to afford such
expenses.

There are various types of pet insurance cover available. Few cover
medical conditions or injuries that predate the start of the policy; for
this reason, it can be hard for consumers to switch pet insurers if they
have had to make a claim for treatment for an illness or injury. All
insurance policies specify a maximum amount of money that will be paid
out per treatment and/or condition under the relevant policy headings.

Most pet insurance policies, like many other general insurance products,
are annual contracts and require yearly renewal. Some policies reset the
maximum limit they will pay for veterinary fees each year, while others
will not; with the latter type of policy, once a limit is reached for
one particular condition and/or treatment, the insurer will no longer
cover veterinary fees (see below). Many policies also do not provide
cover for recurring illnesses or injuries or ongoing/lifelong conditions.

Policies usually include cover for:

– Veterinary fees – for the cost of diagnosing and treating illnesses or
injuries, including the cost of consultations, examinations, tests,
x-rays, magnetic resonance imaging (MRI) scans, medication, bandages and
other dressings, surgery and hospitalisation. This can also include
cover for the cost of alternative therapies if recommended by a
qualified veterinary surgeon (vet), such as acupuncture, homeopathy and
also herbal remedies. Complementary treatments such as physiotherapy,
osteopathy, hydrotherapy and chiropractic manipulation may also be
included.

– Third-party liability – mostly used for dogs but also sometimes
included in policies covering equines, third-party liability covers the
insured if the pet injures someone or damages another person’s property
and the owner is found to be legally responsible.

– Purchase price – covers the purchase price of a pet if it is lost,
stolen, strays or dies as the result of an injury or illness prior to a
specified age.

– Advertising costs – payments towards advertising costs (i.e. posters)
to aid in finding a lost pet, and also a lump sum to offer as a reward
for finding the pet.

Key Topics Covered:

1. Introduction & Definition

2. Executive Summary

3. Economic Trends

4. Forecasts

5. The Global Insurance Market

6. Market Leaders

7. Number Of Companies

8. Strengths, Weaknesses, Opportunities & Threats

9. PESTEL

Companies Mentioned

– Acromas Holdings Ltd

– Ageas Insurance Ltd

– Agria Pet Insurance Ltd

– Allianz Insurance PLC

– Animal Friends Insurance Services Ltd

– Association of British Insurers

– Aviva PLC

– Brooks Braithwaite (Sussex) Ltd

– Cardif Pinnacle Insurance Holdings PLC

– Comparethemarket.com

– Confused.com

– Direct Line Insurance Group PLC

– Equine And Livestock Insurance Company Ltd (The)

– Gocompare.com Ltd

– Healthy Pets Ltd

– Liverpool Victoria Insurance Company Ltd

– Markerstudy Holdings Ltd

– Moneysupermarket.com Group PLC

– NCI Insurance Services Ltd

– PDSA Pet Insurance

– Pet Protect Ltd

– Pets At Home Group PLC

– Price Comparison Websites

– Red Sands Insurance Company (Europe) Ltd

– RSA Insurance Group PLC

– The National Farmers Union Mutual Insurance Society Ltd

– Thistle Insurance Services Ltd

– Ultimate HC Ltd

– Uswitch Ltd

For more information visit http://www.researchandmarkets.com/research/wkjbj2/uk_pet_insurance

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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Sector: Pet
Care and Services