Research and Markets: United Kingdom Pet Insurance Market Dynamics and Opportunities Report 2020: Underwritten by Allianz, Petplan Remains the Market Leader with 24.9% of Total GWP - ResearchAndMarkets.com
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This report analyzes the UK pet insurance market, looking at market size as well as changes in premiums, claims, medical costs, and pet ownership. It discusses competitors in the market, explores how the market is likely to change due to rising costs and emerging technology, identifies opportunities in the pet insurance space, and provides future forecasts of market size up to 2023.
Both the number of policyholders and gross written premiums (GWP) decreased in 2019, while the number and cost of claims increased. With the cost of claims increasing and GWP falling, pet insurers are facing stains on their profits.