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Pulished Date April, 2021
ID: 7911
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United Kingdom Pet Insurance Market Research Report - By Policy Type and By Policy- Industry Analysis, Size, Share, Growth, Trends & Forecast | 2021 to 2026

Pulished: April, 2021
ID: 7911
Pages: 145

UK Pet Insurance Market Size, Statistics, Share & Growth (2021 to 2026)

The United Kingdom Pet Insurance Market size was worth USD 1.13 billion in 2021 and predicted to grow at a CAGR of 13.1% from 2021 to 2026, to reach USD 2.09 billion by 2026, in terms of gross written premiums (GWPs). Medical inflation continues to be the major contributor to the rise in the GWPs, with insurers continuing to pass on costs to policyholders.

The high numbers of the pet populace in the region of the UK and Europe are a significant driver of growth of the pet insurance market, providing ample opportunity for insurance providers to target a broad customer base.

What’s affecting market growth?

  • The increasing concern of pet owners about the health of their pets, and a general increase in disposable income combined with a decrease in healthcare costs which aid them in providing proper healthcare to pets. (+ve)
  • Increasing awareness of consumers about insurance policies and policy types. (+ve)
  • Uninsured owners also expected to realize the benefits of insurance and likely to shift. (+ve)
  • Technological innovations such as wearable remote devices offer new avenues to tap the market. (+ve)
  • The growing acceptance of sophisticated and expensive treatments. (+ve)
  • Substantial increase in the number of people owning pets. (+ve)
  • Exclusions in pet insurance policies that do not provide the necessary coverage and cover only basic insurance. (-ve)
  • Rising veterinary costs that dampen consumer demand. (-ve)

Contrary to popular thinking, pet insurance is not a variation of human health insurance and is a form of property insurance. Wherein pet owners are reimbursed by the insurance firm in response to the claims filed by the owner.

Pet Insurance pays partly or in total for the treatment of the injured or ill pet of the insured person. Some pet insurance policies also pay out in cases of the death of the pet, and even when the pet is lost or stolen. Pet insurance coverage includes unexpected illnesses, accidents, and injuries for pet animals such as dogs, cats, rabbits, horses, exotic pets, and other pets, depending on the policy chosen.

There are pet insurance plans which do not cover routine dental cleaning, parasite or preventative flea treatments, and particular hereditary and congenital conditions. However, there are policies which include the coverage of congenital, hereditary, and chronic diseases such as cancer, and costs associated with the diagnosis of the same such as CAT scan, ultrasound imaging, veterinary exam fees, prescription medication, MRI testing, and non-routine dental treatment.









Small mammal





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

  • By Policy: Cat Insurance, Dog Insurance, Horse Insurance, Rabbit Insurance, Exotic Pet Insurance and Others
  • By Policy Type: Lifetime Cover (Accidental Cover and Illness Cover), Non-lifetime Cover (Accidental Cover and Illness Cover) and Others

Regional Analysis:

Based on the region, the high rate of growth experienced in the pet insurance market in this region and the increasing penetration of pet insurance policies in the area are the significant drivers of market growth.

Leading companies in the UK Pet Insurance Market

Pet insurance companies around are increasingly offering pet owners the ability to customizing the coverage provided by allowing them for choosing their levels of deductibles or co-insurances. It has resulted in the pet owner getting access to more control over the monthly premium and selecting the level of coverage that is best suited for their needs. The UK continues to be a significant contributor to market growth in the region of Europe, owing to the market being developed, which results in deeper penetration of insurance providers in the area.

Overall, the pet insurance market in the UK remains conducive for growth owing to an increasing trend of owning companion animals in the region and due to the potential for offering previously untapped premiums and services to pet owners, who are highly aware and are willing to spend on pet care.

Below companies are playing an active role in the market profiled in the report are

  1. Petplan Pet Insurance
  2. Embrace Pet Insurance Agency
  3. Royal & Sun Alliance (RSA)
  4. Pethealth Inc.
  5. Agria Pet Insurance
  6. Petfirst Healthcare
  7. Nationwide Pet Insurance
  8. PetSure Pty Ltd.
  9. Petsecure Pet Health Insurance
  10. Hartville Group

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       

                                       Accident Cover

                                       Illness Cover

                                5.2.3 Non-lifetime Cover             

                                       Accident Cover

                                       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        

                                       By Geographical Area

                                       By Policy

                                       By Policy Type

                                6.1.4  Market Attractiveness Analysis     

                                       By Geographical Area

                                       By Policy

                                       By Policy Type

                                6.1.5  Market Share Analysis      

                                       By Geographical Area

                                       By Policy

                                       By Policy Type

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                                         


                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


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