Pet Insurance in the UK - Key Trends and Opportunities to 2019

Published: Mar, 2016 | Pages: 48 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)

Synopsis
This report is the result of extensive research into the pet insurance category in the UK, covering the market dynamics, outlook and competitive landscape.

It provides details of the market size and projections of gross written premium, and discusses market drivers and distribution trends.

The report also provides an overview of key competitors in the category, with details of their performance and any strategic initiatives undertaken.

Summary
The report provides market analysis and insights into the UK pet insurance business.

It provides a snapshot of the market size and market dynamics.

The report discusses key drivers, claims and the outlook for the market.

It provides analysis of distribution channels for pet insurance products.

It also discusses key competitors, the latest deals and news in the category.

Scope
This report provides a comprehensive analysis of the UK pet insurance market.

It provides historical data for the report's 2010-2014 review period and gross written premium projections for the report's 2015-2019 forecast period.

It provides an overview of claims, market dynamics and market drivers.

It discusses key distribution trends, deals and news in the category.

It profiles key pet insurers and outlines key challenges facing them.

Reasons To Buy
Gain an understanding of the key issues in the UK pet insurance market.

Learn about the key challenges for UK pet insurers and claims trends.

Understand competitive landscape in terms of key underwriters and brands.

Find out more about the key distribution channels in the category.

Explore the latest regulatory developments, deals and news in the category.

Key Highlights
UK pet insurers delivered strong results in 2014.

Claims inflation is a challenge as vet costs continue to rise.

Pet premiums are heading towards GBP1.1 billion.

Pet owners can arrange cover through a variety of channels.

The market remains consolidated, but competition is growing.

 Table of Contents
1 Executive Summary
2 Introduction 
2.1 What is this Report About?
2.2 Definitions 
2.3 Methodology 
3 Market Analysis 
3.1 Market Size 
4 Claims 
4.1 Fraudulent claims 
5 Market Drivers
6 Market Outlook 
7 Distribution Channels 
8 Competitive Landscape 
8.1 Review - The Best Performers of 2014 
9 Deals and News
9.1 Aquarium Calls for a Unified Pet Register Ahead of Microchipping Law 
9.2 Bought By Many Buys Brooks Braithwaite (Sussex) 
10 Regulation and Compliance 
10.1 Regulatory Framework
10.2 Regulatory Changes 
10.2.1 Solvency II 
10.2.2 Dog microchipping will be compulsory 
11 Economic Backdrop 
11.1 Real GDP Growth 
11.2 Household Expenditure on Pets 
11.3 UK Average Hourly Pay for Veterinarians 
11.4 Pet Population 
11.5 GDP per Capita and Household Disposable Income 
12 Company Profiles 
12.1 Allianz Insurance Plc - Company Overview 
12.1.1 Allianz Insurance Plc - key facts
12.1.2 Allianz Insurance Plc - main products 
12.1.3 Allianz Insurance Plc - main competitors 
12.1.4 Allianz Insurance Plc - key employees 
12.2 Direct Line Insurance Group Plc - Company Overview 
12.2.1 Direct Line Insurance Group Plc - key facts 
12.2.2 Direct Line Insurance Group Plc - main products 
12.2.3 Direct Line Insurance Group Plc - main competitors 
12.2.4 Direct Line Insurance Group Plc - key employees 
12.3 Great Lakes Reinsurance (UK) Plc - Company Overview 
12.3.1 Great Lakes Reinsurance (UK) Plc - key facts 
12.3.2 Great Lakes Reinsurance (UK) Plc - main products 
12.3.3 Great Lakes Reinsurance (UK) Plc - main competitors 
12.3.4 Great Lakes Reinsurance (UK) Plc - key employees 
12.4 Liverpool Victoria - Company Overview 
12.4.1 Liverpool Victoria - key facts 
12.4.2 Liverpool Victoria - main products 
12.4.3 Liverpool Victoria - main competitors 
12.4.4 Liverpool Victoria - key employees 
12.5 NFU Mutual - Company Overview 
12.5.1 NFU Mutual - key facts 
12.5.2 NFU Mutual - main products 
12.5.3 NFU Mutual - main competitors 
12.5.4 NFU Mutual - key employees 
12.6 Pinnacle Insurance Plc - Company Overview 
12.6.1 Pinnacle Insurance Plc - key facts 
12.6.2 Pinnacle Insurance Plc - main products 
12.6.3 Pinnacle Insurance Plc - main competitors 
12.6.4 Pinnacle Insurance Plc - key employees 
12.7 QBE Insurance (Europe) Ltd - Company Overview 
12.7.1 QBE Insurance (Europe) Ltd - key facts 
12.7.2 QBE Insurance (Europe) Ltd - main products 
12.7.3 QBE Insurance (Europe) Ltd - main competitors 
12.7.4 QBE Insurance (Europe) Ltd - key employees 
12.8 Red Sands Insurance Company (Europe) Ltd - Company Overview 
12.8.1 Red Sands Insurance Company (Europe) Ltd - key facts 
12.8.2 Red Sands Insurance Company (Europe) Ltd - main products 
12.8.3 Red Sands Insurance Company (Europe) Ltd - main competitors 
12.8.4 Red Sands Insurance Company (Europe) Ltd - key employees 
12.9 Royal & Sun Alliance Insurance Plc - Company Overview
12.9.1 Royal & Sun Alliance Insurance Plc - key facts 
12.9.2 Royal & Sun Alliance Insurance Plc - main products 
12.9.3 Royal & Sun Alliance Insurance Plc - main competitors 
12.9.4 Royal & Sun Alliance Insurance Plc - key employees 
12.10 Zenith Insurance Plc - Company Overview 
12.10.1 Zenith Insurance Plc - key facts 
12.10.2 Zenith Insurance Plc - main products 
12.10.3 Zenith Insurance Plc - main competitors 
12.10.4 Zenith Insurance Plc - key employees 
13 Statistics 
13.1 Review Period 2010-2014 
13.2 Forecast Period 2015e-2019 
14 Appendix 
14.1 Methodology 
14.2 Contact Timetric 
14.3 About Timetric 
14.4 Timetric's Services 
14.5 Disclaimer

List of Tables
Table 1: Insurance Industry Definitions 
Table 2: PFMA Pet Population and Ownership Estimates, 2011-2015 
Table 3: Allianz Insurance Plc - Key Facts 
Table 4: Allianz Insurance Plc - Main Products 
Table 5: Allianz Insurance Plc - Key Employees 
Table 6: Direct Line Insurance Group Plc - Key Facts 
Table 7: Direct Line Insurance Group Plc - Main Products 
Table 8: Direct Line Insurance Group Plc - Key Employees 
Table 9: Great Lakes Reinsurance (UK) Plc - Key Facts 
Table 10: Great Lakes Reinsurance (UK) Plc - Main Products 
Table 11: Great Lakes Reinsurance (UK) Plc - Key Employees 
Table 12: Liverpool Victoria - Key Facts 
Table 13: Liverpool Victoria - Main Products
Table 14: Liverpool Victoria - Key Employees 
Table 15: NFU Mutual - Key Facts 
Table 16: NFU Mutual - Main Products 
Table 17: NFU Mutual - Key Employees 
Table 18: Pinnacle Insurance Plc - Key Facts
Table 19: Pinnacle Insurance Plc - Main Products 
Table 20: Pinnacle Insurance Plc - Key Employees 
Table 21: QBE Insurance (Europe) Ltd - Key Facts 
Table 22: QBE Insurance (Europe) Ltd - Main Products 
Table 23: QBE Insurance (Europe) Ltd - Key Employees 
Table 24: Red Sands Insurance Company (Europe) Ltd - Key Facts
Table 25: Red Sands Insurance Company (Europe) Ltd - Main Products
Table 26: Red Sands Insurance Company (Europe) Ltd - Key Employees
Table 27: Royal & Sun Alliance Insurance Plc - Key Facts 
Table 28: Royal & Sun Alliance Insurance Plc - Main Products
Table 29: Royal & Sun Alliance Insurance Plc - Key Employees
Table 30: Zenith Insurance Plc - Key Facts 
Table 31: Zenith Insurance Plc - Main Products 
Table 32: Zenith Insurance Plc - Key Employees 
Table 33: UK Pet Insurance - Gross Written Premiums (GBP Thousand), 2010-2014
Table 34: UK Pet Insurance - Gross Written Premiums (GBP Thousand), 2015e-2019