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Pulished Date August, 2019
ID: 7907
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Europe Pet Insurance Market Research Report - By Policy Type, Policy and Country (United Kingdom, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe) - Industry Analysis, Size, Share, Growth, Trends & Forecast | 2019 - 2024

Pulished: August, 2019
ID: 7907
Pages: 145

The size of the Europe Pet Insurance market was valued at USD 830 million in 2018. It is expected to grow at a CAGR of 12.8% to reach USD 1.52 billion by 2024.

Pet insurance company offers customized policies in accordance with the people preferences. They focus on the packages as per pet lifetime and per incident. The owner needs to submit a claim to the company regarding treatment activities pet has received and then the company will reimburse according to the policy.

The Europe pet insurance market is anticipated to experience major development through the forecast period due to the increasing rate of pet adoption worldwide. Additionally, the growing awareness of people in developing economies of various pet insurance plans will further stimulate Europe market growth.

Furthermore, rising costs of veterinary services is another important factor driving people to adopt pet insurance in order to limit these expenses to some extent and thereby increase the market growth. Europe Pet Insurance is rising quickly due to strict regulations for pet insurance in countries like Sweden. The increasing number of companies entering the pet insurance sector is another important factor that supports competition in the market. It encourages the main players to offer various discounts and advantages to establish themselves in the Europe pet insurance market.

Nevertheless, the summary of innovative pet insurance plans, such as numerous pet insurance policies that permit pet owners to have a single insurance policy that covers multiple pets. Thus, these initiatives will strongly support Europe pet insurance market growth during the forecast period.

Pet Population in Europe:

Pet

Numbers in Europe (millions, 2018)

Cat

102.6

Dog

84.9

Bird

49.8

Small mammal

28.7

Reptile

7.8

 

This research report has been segmented and sub-segmented into the following categories:

Europe Pet Insurance Market – By Policy:

  • Cat Insurance
  • Dog Insurance
  • Horse Insurance
  • Rabbit Insurance
  • Exotic Pet Insurance
  • Others

On the basis of policy, dog insurance applications are ruling with the highest shares of the market with the growing support from the government through funds.

Europe Pet Insurance Market – By Policy Type:

  • Lifetime Cover
    • Accidental Cover
    • Illness Cover
  • Non-lifetime Cover
    • Accidental Cover
    • Illness Cover
  • Others

On the basis of policy type, the Lifetime cover segment is leading with the highest shares of the market. Increasing disposable income in urban areas is accelerating the market shares in this segment.

Europe Pet Insurance Market – By Region:

  • United Kingdom
  • France
  • Spain
  • Germany
  • Italy
  • Russia
  • Sweden
  • Denmark
  • Switzerland
  • Netherlands
  • Rest of Europe

Europe is holding the largest shares of the market by owing to the adoption of the latest techniques and introducing various schemes in favour of the end-users. Additionally, an increasing number of pet animals is prompting the demand for the market. Good terms between the hospitals and insurance companies are also bolstering the growth of the market. A rise in the number of death issues among pet animals is one of the factors boosting up the demand of the market in this region.

Some of the key players in the Europe pet insurance market are Pet plan UK (Allianz), Nationwide, Troponin, Hartville Group, Pet health, Pet first, Embrace, Royal & Sun Alliance (RSA), Direct Line Group, Angria, Pet secure, Pet Sure, Unicom Holding and pet Insurance among others.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Policy                            

                                5.1.1 Introduction           

                                5.1.2 Dog Insurace          

                                5.1.3 Cat Insurance         

                                5.1.4 Rabbit Insurance  

                                5.1.5 Horse Insurance   

                                5.1.6 Exotic Pet Insurance           

                                5.1.7 Others      

                                5.1.8  Y-o-Y Growth Analysis, By Policy   

                                5.1.9  Market Attractiveness Analysis, By Policy 

                                5.1.10 Market Share Analysis, By Policy 

                5.2 Policy Type                 

                                5.2.1 Introduction           

                                5.2.2 Lifetime Cover       

                                                5.2.2.1 Accident Cover

                                                5.2.2.2 Illness Cover

                                5.2.3 Non-lifetime Cover             

                                                5.2.3.1 Accident Cover

                                                5.2.3.2 Illness Cover

                                5.2.4 Others      

                                5.2.5 Y-o-Y Growth Analysis, By Policy Type         

                                5.2.6 Market Attractiveness Analysis, By Policy Type       

                                5.2.7 Market Share Analysis, By Policy Type        

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Policy

                                                6.1.3.3 By Policy Type

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Policy

                                                6.1.4.3 By Policy Type

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Policy

                                                6.1.5.3 By Policy Type

                6.2 U.K                 

                6.3 Spain                             

                6.4 Germany                     

                6.5 Italy                               

                6.6 France                          

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 Petplan Pet Insurance                           

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Embrace Pet Insurance Agency                         

                8.3 Royal & Sun Alliance (RSA)                   

                8.4 Pethealth Inc.                            

                8.5 Agria Pet Insurance                 

                8.6 Petfirst Healthcare                  

                8.7 Nationwide Pet Insurance                   

                8.8 PetSure Pty Ltd.                       

                8.9 Petsecure Pet Health Insurance                        

                8.10 Hartville Group                       

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of Policy Type, by  Non-Lifetime Cover along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

                                                                                                                          

  1. Europe Pet Insurance Market Market By Policy, From 2019 - 2024 ( USD Billion )
  2. Europe Cat Insurance Market By Region, From 2019 - 2024 ( USD Billion )
  3. Europe Dog Insurance Market By Region, From 2019 - 2024 ( USD Billion )
  4. Europe Horse Insurance Market By Region, From 2019 - 2024 ( USD Billion )
  5. Europe Rabbit Insurance Market By Region, From 2019 - 2024 ( USD Billion )
  6. Europe Exotic Pet Insurance Market By Region, From 2019 - 2024 ( USD Billion )
  7. Europe Others Market By Region, From 2019 - 2024 ( USD Billion )
  8. Europe Pet Insurance Market Market By Policy Type, From 2019 - 2024 ( USD Billion )
  9. Europe Lifetime Cover Market By Region, From 2019 - 2024 ( USD Billion )
  10. Europe Non-lifetime Cover Market By Region, From 2019 - 2024 ( USD Billion )
  11. Europe Others Market By Region, From 2019 - 2024 ( USD Billion )
  12. U.K. Pet Insurance Market Market By Policy, From 2019 - 2024 ( USD Billion )
  13. U.K. Pet Insurance Market Market By Policy Type, From 2019 - 2024 ( USD Billion )
  14. Germany Pet Insurance Market Market By Policy, From 2019 - 2024 ( USD Billion )
  15. Germany Pet Insurance Market Market By Policy Type, From 2019 - 2024 ( USD Billion )
  16. France Pet Insurance Market Market By Policy, From 2019 - 2024 ( USD Billion )
  17. France Pet Insurance Market Market By Policy Type, From 2019 - 2024 ( USD Billion )
  18. Italy Pet Insurance Market Market By Policy, From 2019 - 2024 ( USD Billion )
  19. Italy Pet Insurance Market Market By Policy Type, From 2019 - 2024 ( USD Billion )
  20. Spain Pet Insurance Market Market By Policy, From 2019 - 2024 ( USD Billion )
  21. Spain Pet Insurance Market Market By Policy Type, From 2019 - 2024 ( USD Billion )
  22. Belgium Pet Insurance Market Market By Policy, From 2019 - 2024 ( USD Billion )
  23. Belgium Pet Insurance Market Market By Policy Type, From 2019 - 2024 ( USD Billion )
  24. Hungary Pet Insurance Market Market By Policy, From 2019 - 2024 ( USD Billion )
  25. Hungary Pet Insurance Market Market By Policy Type, From 2019 - 2024 ( USD Billion )
  26. Netherlands Pet Insurance Market Market By Policy, From 2019 - 2024 ( USD Billion )
  27. Netherlands Pet Insurance Market Market By Policy Type, From 2019 - 2024 ( USD Billion )
  28. Rest of Europe Pet Insurance Market Market By Policy, From 2019 - 2024 ( USD Billion )
  29. Rest of Europe Pet Insurance Market Market By Policy Type, From 2019 - 2024 ( USD Billion )

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