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GLOBAL PET INSURANCE MARKET SIZE TO CROSS USD 13 BILLION BY 2025, GROWING AT A CAGR OF 20% DURING THE FORECAST PERIOD
This report includes market data points, ranging from trend
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PET INSURANCE MARKET REPORT SCOPE
REPORT ATTRIBUTE | DETAILS |
---|---|
Market Size (Revenue) | USD 13 Billion (2025) |
CAGR | 20% (2020-2025) |
Base Year | 2019 |
Forecast Year | 2020 - 2025 |
Market Segments | Pet Type (Dogs, Cats, and Others), Insurance Type (Accidents and Illness, and Accident Only), Distribution (Agency, Bancassurance, Brokers, and Direct Writing) |
Geographic Analysis | APAC, Europe, North America, Middle East & Africa, and Latin America |
Countries Covered | China, Japan, Australia, South Korea, Germany, France, UK, Sweden, Netherlands, US, Canada, South Africa, Brazil, and Mexico |
INDUSTRY INSIGHTS
SNIPPETS
- More than 65% of the US households have animals, with dogs being the most adopted ones. Over 70% of households in West Virginia, Nebraska, Vermont, and Idaho have adopted ones.
- The accident and illness policies segment is expected to witness an incremental growth of over $8 billion by 2025.
- With more than four million pet cats, Australia has one of the highest vendors’ presence, which is likely to drive the country as the forerunner in the Asia Pacific industry.
- Latin American hosts a large pet dog population with Argentina, Mexico, and Brazil constituting 66%, 64%, 58% ownership shares, respectively.
The rapid growth in the number of pet owners in the past decade across the globe, especially in the US, Canada, the UK, and Sweden, where dogs and cats are treated as family members, will influence the industry significantly.
The increasing popularity of pet humanization concept is increasing the demand for pet grooming and care products. Owners, especially millennials, are willing to spend more on their companion animals to ensure a healthy and secure life. The US household spent more than $72 billion in 2018 on North American pet health insurance care, which is 4.5% higher than in 2017.
Pet food and related products earned a revenue of more than $45 billion in Europe in 2018. Hence, the increased interest of European pet owners to spend is likely to opt for animal protection cover. Europe constituted the largest pet insurance industry in 2018, which is expected to grow during the forecast period.
The impact of online claims has further boosted the market growth. Although the online claim process is not new in several developed countries such as the US and the UK, the concept is a major factor for growth in emerging economies such as India. The introduction of AI technology for enquiring term plans, coverage criteria, and other queries is further increasing the popularity of online policy covers, thereby driving the growth.
PET INSURANCE MARKET SEGMENTATION
The research report includes detailed segmentation by
- Insurance type
- Animal type
- Distribution
- Geography
INSIGHTS BY INSURANCE TYPE
In terms of coverage, the accident and illness insurance segment is the most significant contributor to the market. This segment covers the reimbursement for accidents as well as illness, including hereditary conditions and behavioral challenges among them. While a majority of insurers offer this policy, most plans, ranging from premium to advanced, depend on the age and breed of the animal.
Since the owners are willing to spend on welfare and prevent expensive veterinary services and bills, the segment is expected to increase its reach during the forecast period. The increased willingness to adopt additional coverages for a lifetime by animal owners in North America and Europe is likely to boost the segment further.
Although the accident and illness plans cover a majority of the pet insurance market share, the increasing premium is a hindrance to the segment growth. Hence, the high cost-effectiveness offered by accident only plans is a significant factor for the acceptance of this segment. Also, several owners in developing economies such as APAC are likely to opt for accident-only plans.
INSIGHTS BY ANIMAL TYPE
While the industry is in the nascent stage world over, the policies are most commonly adopted for dogs and cats. The popularity of the humanization concept is increasingly affecting the pet adoption of dogs, thereby leading to wellness concerns. With more than 26% of UK adults adopting a dog, it is the largest industry for dog insurance. The European region is expected to the largest growing market during the forecast period.
Cats are the most preferred after dogs; they are dominant in North America and Europe. There has been growing ownership of cats in recent years. Flexibility and low maintenance are the major reasons for the high adoption of cats. This growth will lead to an increase in cat owners that are more likely to opt for protection covers considering the growing veterinary care bills.
INSIGHTS BY DISTRIBUTION
Insurers are increasing their efforts to reach customers as the conversion ratio of potential customers to loyal ones could be a challenge. Moreover, low awareness of insurance adds to the burden. Effective distribution channels can be a vital enhancer in terms of reach and scope. Agencies are the most preferred medium, as most sales are expected to take place during the forecast period.
Brokers are one of the efficient indirect distribution systems. They specifically target middle class and upper-class animal owners. The share of this segment is growing significantly due to the increased efforts put by brokers. Bancassurance is expected to be the fastest-growing segment during the forecast period due to the low distribution and maintenance costs.
INSIGHTS BY GEOGRAPHY
The global pet insurance market share is concentrated in North America and Europe, with a large number of companies. With the growing awareness and perception of the benefits acquired from the policies, there is a huge possibility of animal owners getting involved with the concept of insurance in the developing nations of APAC, MEA, and Latin America regions.
Europe is the largest market, with over 53% share of the market in 2019. The concept of humanization and the growing preference toward the industry are vital drivers for the market.
Brazil is one of the largest animal-populated countries across the globe, which is filled with abundant dogs of large breeds for guarding purposes too. In the Middle East & Africa, South Africa is the largest market in this region. Middle to high-income consumers are particularly driving the premium pet insurance market in South Africa.
KEY VENDOR ANALYSIS
The pet insurance market is in the growing stage, and it has been penetrating European countries such as Sweden, the UK, and the United States. The market consists of a high number of concentrated players, making it highly fragmented with intense competition. In countries such as the US, there are 4–5 major players, which are comprising more than 75% of the total market. However, there are no major players in the UAE and Saudi, where there are immense opportunities for vendors to expand their business.
The market is dominated by companies such as Nationwide, Trupanion, ASPCA, and Petplan. Since the globalization is limited, foreign-owned agencies are lower than dominant domestic providers. This can open opportunities for emerging vendors. Mergers and acquisitions can help pet insurance company to expand the penetration level and expansion strategies.
The market research report on pet insurance includes in-depth coverage of the industry with growth rates, market revenues, key industry analysis, revenues & forecasts for the following segments:
Segmentation by Insurance Type
- Accidents and Illness
- Accident Only
By Animal Type
- Dogs
- Cats
- Others
By Distribution
- Agency
- Bancassurance
- Brokers
- Direct Writing
By Geography
- APAC
- China
- Japan
- Australia
- South Korea
- Europe
- Germany
- France
- UK
- Sweden
- Netherlands
- North America
- US
- Canada
- Middle East & Africa
- South Africa
- Latin America
- Brazil
- Mexico
SNAPSHOT
The global pet insurance market size is expected to grow at a CAGR of over 20% during the period 2019–2025.
The following factors are likely to contribute to the growth of the pet insurance market during the forecast period:
- Increased Awareness of Pet Insurance
- High Interest of Millennials in Pets
- Popularity of Pet Humanization Concept
Base Year: 2019
Forecast Year: 2020–2025
The study considers the present scenario of the pet insurance market and dynamics for the period 2019−2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The report covers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent companies operating in the market.
Key Vendors
- Nationwide
- Business Overview
- Major Product Offerings
- Key Strengths
- Key Strategies
- Key Opportunities
- Trupanion
- Healthy Paws Pet Insurance
- PetPlan
- Agria
Other Prominent Vendors
- Crum & Forster
- Business Overview
- Major Product Offerings
- Hartville Pet Insurance
- Embrace Pet Insurance
- Pet Secure
- RSA
- Pet Plan (North America)
- Directline
- Anicom Holding
- Ipet Insurance
- Japan Animal Club
- Pet Insurance
- Bow Wow Meow
- 1300 Insurance
- Petsy
- Kogan
- Prime Pet Insurance
- Pet Secure
- Pets Best
- Bupa
- Sainsbury
- Allstate
- Figo
- ASPCA
- Mapfre
- HKT Financial Services
- Oriental
- Dot Sure
- Pet Sure
- Medipet
- One Plan
- Hollard
- Pet Assure
- Dog Sure
- Paw Paw
- Geico
- LV
- Liberty
- Santalucia
- Inov Expat
- Caser
- Protectapet
- New India Assurance
- Waggel
- Understand Insurance
- Pets Plus Us
- 24 Pet Watch
- Animal Friends
- Cat Sure
- Kido
- Rogz
- Solver
- 365 Pet Insurance
- Barmenia Direkt
- Gunn & Partner
- Helvetia
- Reaal Dier & Zorg
- Ohra
- Hema
- April
- Bulle Bleue
- ECA
- My French House
- Picc
- Meritz
- Samsung Fire & Marine
- Lotte Non-Life Insurance
- Hyundai Marine & Fire Insurance
- United India
- HappyTails
- AIA
- CIMB
- 4 Paws
- Toto
- If
- FWD
- MSIG
Market Segmentation by Insurance Type
- Accidents and Illness
- Accident Only
Market Segmentation by Animal Type
- Dogs
- Cats
- Others
Market Segmentation by Distribution
- Agency
- Bancassurance
- Brokers
- Direct Writing
Market Segmentation Geography
- APAC
- China
- Japan
- Australia
- South Korea
- Europe
- Germany
- France
- UK
- Sweden
- Netherlands
- North America
- US
- Canada
- MEA
- South Africa
- Latin America
- Brazil
- Mexico
Frequently Asked Questions
How big is the pet insurance market?
Which segment accounted for the largest pet insurance market share?
What is the market size of Europe pet insurance market during the forecast period?
What is the growth of the accident and illness policies segment during the forecast period?
Which are the key factors driving the demand of the industry?
List of Exhibits
Exhibit 1 Segmentation of Global Pet Insurance Market
Exhibit 2 Market Size Calculation Approach 2019
Exhibit 3 Average Annual Costs for Cats & Dogs ($)
Exhibit 4 Average Annual Expenses Associated with Owing Pets ($)
Exhibit 5 Average Monthly Dog Premiums by Breed ($)
Exhibit 6 Average Monthly Cat Premiums by Breed
Exhibit 7 Popular Pet Breeds Based on Geography
Exhibit 8 Impact of Rise in Number of Pet Owners
Exhibit 9 Household Pet Ownerships across Countries 2018 (in %)
Exhibit 10 Impact of Awareness about Pet Insurance
Exhibit 11 Impact of Increased Spending on Pet & Pet Products
Exhibit 12 Rise in Spending by Pet Owners for Their Pets in US ($ billion)
Exhibit 13 Annual Spending of Pet Owners in Developed Nations ($)
Exhibit 14 Impact of Stigma Towards Costs Associated with Pet Insurance
Exhibit 15 Cost Associated with Different Insurers ($)
Exhibit 16 Impact of Fraudulent Activities Associated with Pet Insurance
Exhibit 17 Impact of Rise in Online Claims
Exhibit 18 Impact of Rise in Millennials Interest for Pets
Exhibit 19 Increasing Pet Ownership by Millennials in US (%)
Exhibit 20 Impact of Rise in Pet Humanization
Exhibit 21 Global Pet Insurance Market Overview 2019
Exhibit 22 Global Pet Insurance Market 2019−2025 ($ million)
Exhibit 23 Pet Ownership Based on Geography 2018 (%)
Exhibit 24 Penetration Rate of Pet Insurance Market as of 2018
Exhibit 25 Five Forces Analysis 2019
Exhibit 26 Incremental Growth by Coverage Type 2019−2025
Exhibit 27 Global Pet Insurance Market by Insurance Type 2019
Exhibit 28 Global Pet Accident & Illness Policies Market 2019−2025 ($ million)
Exhibit 29 Global Pet Accident Only Policies Market 2019−2025 ($ million)
Exhibit 30 Incremental Growth by Animal Type 2019−2025
Exhibit 31 Global Pet Insurance Market by Animal Type Overview 2019
Exhibit 32 Global Dog Insurance Market 2019−2025 ($ million)
Exhibit 33 Monthly Dog Premiums by Major Insurers ($)
Exhibit 34 Average Claims and Premiums for Dog Breeds 2018
Exhibit 35 Global Cat Insurance Market 2019−2025 ($ million)
Exhibit 36 Monthly Cat Premiums by Major Insurers ($)
Exhibit 37 Common Diseases in Cats with Associated Average Annual Treatment Cost
Exhibit 38 Global Other Pet Insurance Market 2019−2025 ($ million)
Exhibit 39 Annual Premiums for Rabbits by Major Insurers
Exhibit 40 World Horse Population by Region (%)
Exhibit 41 Incremental Growth by Distribution Type 2019−2025
Exhibit 42 Global Pet Insurance Market Overview by Distribution Channel 2019−2025
Exhibit 43 Global Market by Distribution Channel 2019−2025 ($ million)
Exhibit 44 Insurance Distribution Criteria by Insurers
Exhibit 45 Global Pet Insurance Market Overview by Distribution (2019−2025)
Exhibit 46 Incremental Growth by Geography 2019−2025
Exhibit 47 Global Pet Insurance Market Overview by Geography 2019
Exhibit 48 Regional Contribution of Pet Insurance Market by Revenue 2019−2025 ($ million)
Exhibit 49 Geographic Overview of Pet Insurance Market 2019
Exhibit 50 Market in Europe 2019−2025 ($ million)
Exhibit 51 Pet Population in European Countries as of 2017 (millions)
Exhibit 52 Incremental Growth in Europe 2019−2025
Exhibit 53 Market in UK 2019−2025 ($ million)
Exhibit 54 Percentage of Pet Owners Considering Pets as a Family Member
Exhibit 55 Preference of Pets in the UK by Regions 2018
Exhibit 56 Market in Sweden 2019−2025 ($ million)
Exhibit 57 Market in France 2019−2025 ($ million)
Exhibit 58 Market in Germany 2019−2025 ($ million)
Exhibit 59 Market in Netherlands 2019−2025 ($ million)
Exhibit 60 Market in North America 2019−2025 ($ million)
Exhibit 61 North American Market 2014−2018 ($ billion)
Exhibit 62 Commonly Claimed Veterinary Conditions in North America
Exhibit 63 Incremental Growth in North America 2019−2025
Exhibit 64 Market in US 2019−2025 ($ million)
Exhibit 65 Market in Canada 2019−2025 ($ million)
Exhibit 66 Market in APAC 2019−2025 ($ million)
Exhibit 67 Incremental Growth in APAC 2019−2025
Exhibit 68 Market in Australia 2019−2025 ($ million)
Exhibit 69 Proportion of Australian Pet Ownership with Pet Insurance (%)
Exhibit 70 Market in China 2019−2025 ($ million)
Exhibit 71 Market in Japan 2019−2025 ($ million)
Exhibit 72 Market in South Korea 2019−2025 ($ million)
Exhibit 73 Market in Latin America 2019−2025 ($ million)
Exhibit 74 Incremental Growth in Latin America 2019−2025
Exhibit 75 Market in Brazil 2019−2025 ($ million)
Exhibit 76 Market in Mexico 2019−2025 ($ million)
Exhibit 77 Market in MEA 2019−2025 ($ million)
Exhibit 78 Incremental Growth in MEA 2019−2025
Exhibit 79 Market in South Africa 2019−2025 ($ million)
Exhibit 80 Market Vendors Ranking/ Preference Analysis based on Geography 2019
List of Tables
Table 1 Key Caveats
Table 2 Currency Conversion 2013−2019
Table 3 Global Pet Insurance Market by Insurance Type 2019−2025 ($ million)
Table 4 Global Accident & Illness Policy Split 2019−2015 ($ million)
Table 5 Global Pet Insurance Market for Accident & Illness Policy 2019−2025 ($ million)
Table 6 Global Accident & Illness Policy Market for Dogs 2019−2025 ($ million)
Table 7 Global Accident & Illness Policy Market for Cats 2019−2025 ($ million)
Table 8 Global Accident & Illness Policy Market for Other Pets 2019−2025 ($ million)
Table 9 Global Accident Only Policy Split 2019−2015 ($ million)
Table 10 Global Pet Accident Only Policy Market 2019−2025 ($ million)
Table 11 Global Accident Only Policy Market for Dogs 2019−2025 ($ million)
Table 12 Global Accident Only Policy Market for Cats 2019−2025 ($ million)
Table 13 Global Accident Only Policy Market for Other Pets 2019−2025 ($ thousands)
Table 14 Global Pet Insurance Market by Segments 2019−2025 ($ million)
Table 15 Global Pet Insurance Market Split for Dogs 2019−2025 ($ million)
Table 16 Global Dog Insurance Market 2019−2025 ($ million)
Table 17 Global Market for Accident & Illness Policy 2019−2025 ($ million)
Table 18 Global Market for Accident-only Policy 2019−2025 ($ million)
Table 19 Global Pet Insurance Market Split for Cats 2019−2025 ($ million)
Table 20 Global Cat Insurance Market 2019−2025 ($ million)
Table 21 Global Market for Accident & Illness Policy 2019−2025 ($ million)
Table 22 Global Market for Accident-only Policy 2019−2025 ($ million)
Table 23 Global Other Pet Insurance Market Split 2019−2025 ($ million)
Table 24 Global Other Pet Insurance Market 2019−2025 ($ million)
Table 25 Global Market for Accident & Illness Policy 2019−2025 ($ million)
Table 26 Global Market for Accident-only Policy 2019−2025 ($ thousands)
Table 27 Global Market by Distribution Channel 2019−2025 ($ million)
Table 28 Global Market by Geography 2019−2025 ($ million)
Table 29 Market in Europe by Policy Type 2019−2025 ($ million)
Table 30 Market in Europe by Animal Type 2019−2025 ($ million)
Table 31 Dog Insurance Market in Europe 2019−2025 ($ million)
Table 32 Cat Insurance Market in Europe 2019−2025 ($ million)
Table 33 Other Market in Europe 2019−2025 ($ million)
Table 34 Market in Europe by Distribution Channel 2019−2025 ($ million)
Table 35 Market in North America by Policy Type 2019−2025 ($ million)
Table 36 Market in North America by Animal Type 2019−2025 ($ million)
Table 37 Dog Insurance Market in North America 2019−2025 ($ million)
Table 38 Cat Insurance Market in North America 2019−2025 ($ million)
Table 39 Other Market in North America 2019−2025 ($ million)
Table 40 Market in North America by Distribution Channel 2019−2025 ($ million)
Table 41 Market in APAC by Policy Type 2019−2025 ($ million)
Table 42 Market in APAC by Animal Type 2019−2025 ($ million)
Table 43 Dog Insurance Market in APAC 2019−2025 ($ million)
Table 44 Cat Insurance Market in APAC 2019−2025 ($ million)
Table 45 Other Market in APAC 2019−2025 ($ million)
Table 46 Market in APAC by Distribution Channel 2019−2025 ($ million)
Table 47 Major Pet Insurers with Offerings in South Korea
Table 48 Market in Latin America by Policy Type 2019−2025 ($ million)
Table 49 Market in Latin America by Animal Type 2019−2025 ($ million)
Table 50 Dog Insurance Market in Latin America 2019−2025 ($ million)
Table 51 Cat Insurance Market in Latin America 2019−2025 ($ million)
Table 52 Other Market in Latin America 2019−2025 ($ Thousands)
Table 53 Market in Latin America by Distribution Channel 2019−2025 ($ million)
Table 54 Market in MEA by Policy Type 2019−2025 ($ million)
Table 55 Market in MEA by Animal Type 2019−2025 ($ million)
Table 56 Dog Insurance Market in MEA 2019−2025 ($ million)
Table 57 Cat Insurance Market in MEA 2019−2025 ($ million)
Table 58 Other Market in MEA 2019−2025 ($ Thousands)
Table 59 Market in MEA by Distribution Channel 2019−2025 ($ million)
Table 60 Competitive Overview of Pet Insurance Industry across Geographies
Table 61 Nationwide: Key Product Offerings
Table 62 Trupanion: Product Offerings
Table 63 Healthy Paws: Key Product Offerings
Table 64 PetPlan: Key Product Offerings
Table 65 Agria: Key Product Offerings
Table 66 Crum & Forster: Key Product Offerings
Table 67 Hartville: Key Product Offerings
Table 68 Embrace: Key Product Offerings
Table 69 Pet Secure: Key Product Offerings
Table 70 RSA: Key Product Offerings
Table 71 Pet Plan: Key Product Offerings
Table 72 Directline: Key Product Offerings
Table 73 Anicom: Key Product Offerings
Table 74 Ipet: Key Product Offerings
Table 75 Japan Animal Club: Key Product Offerings
Table 76 Pet Insurance: Key Product Offerings
Table 77 Bow Wow Meow: Key Product Offerings
Table 78 1300: Key Product Offerings
Table 79 Petsy: Key Product Offerings
Table 80 Kogan: Key Product Offerings
Table 81 Prime Pet insurance: Key Product Offerings
Table 82 Pet Secure: Key Product Offerings
Table 83 Pets Best: Key Product Offerings
Table 84 Bupa: Key Product Offerings
Table 85 Sainsbury: Key Product Offerings
Table 86 Allstate: Key Product Offerings
Table 87 Figo: Key Product Offerings
Table 88 ASPCA: Key Product Offerings
Table 89 Mapfre: Key Product Offerings
Table 90 HKT Financial Services: Key Product Offerings
Table 91 Oriental: Key Product Offerings
Table 92 Dot Sure: Key Product Offerings
Table 93 Pet Sure: Key Product Offerings
Table 94 Medipet: Key Product Offerings
Table 95 One Plan: Key Product Offerings
Table 96 Hollard: Key Product Offerings
Table 97 Pet Assure: Key Product Offerings
Table 98 Dog Sure: Key Product Offerings
Table 99 Paw Paw: Key Product Offerings
Table 100 Geico: Key Product Offerings
Table 101 LV: Key Product Offerings
Table 102 Liberty: Key Product Offerings
Table 103 Santalucia: Key Product Offerings
Table 104 Inov Expat: Key Product Offerings
Table 105 Caser: Key Product Offerings
Table 106 Protectapet: Key Product Offerings
Table 107 New India Assurance: Key Product Offerings
Table 108 Waggel: Key Product Offerings
Table 109 Understand: Key Product Offerings
Table 110 Pets Plus Us: Key Product Offerings
Table 111 24 Pet Watch: Key Product Offerings
Table 112 Animal Friends: Key Product Offerings
Table 113 Cat Sure: Key Product Offerings
Table 114 Kido: Key Product Offerings
Table 115 Rogz: Key Product Offerings
Table 116 Solver: Key Product Offerings
Table 117 365: Key Product Offerings
Table 118 Barmenia Direkt: Key Product Offerings
Table 119 Gunn & Partner: Key Product Offerings
Table 120 Helvetia: Key Product Offerings
Table 121 Reaal Dier & Zorg: Key Product Offerings
Table 122 Ohra: Key Product Offerings
Table 123 Hema: Key Product Offerings
Table 124 April: Key Product Offerings
Table 125 Bulle Bleue: Key Product Offerings
Table 126 ECA: Key Product Offerings
Table 127 My French House: Key Product Offerings
Table 128 Picc: Key Product Offerings
Table 129 Meritz: Key Product Offerings
Table 130 Samsung Fire & Marine: Key Product Offerings
Table 131 Lotte: Key Product Offerings
Table 132 Hyundai: Key Product Offerings
Table 133 United India: Key Product Offerings
Table 134 HappyTails: Key Product Offerings
Table 135 AIA: Key Product Offerings
Table 136 CIMB: Key Product Offerings
Table 137 4 Paws: Key Product Offerings
Table 138 Toto: Key Product Offerings
Table 139 If: Key Product Offerings
Table 140 FWD: Key Product Offerings
Table 141 MSIG: Key Product Offerings
Table 142 Global Market by Insurance Type 2019−2015 ($ million)
Table 143 Global Pet Accident & Illness Market 2019−2025 ($ million)
Table 144 Global Accident & Illness Policy Split 2019−2015 ($ million)
Table 145 Global Dog Accident & Illness Market 2019−2025 ($ million)
Table 146 Global Cat Accident & Illness Market 2019−2025 ($ million)
Table 147 Global Other Pets Accident & Illness Market 2019−2025 ($ million)
Table 148 Global Accident Only Policy Split 2019−2015 ($ million)
Table 149 Global Pet Accident Only Market 2019−2025 ($ million)
Table 150 Global Dog Accident Only Market 2019−2025 ($ million)
Table 151 Global Cat Accident Only Market 2019−2025 ($ million)
Table 152 Global Other Pets Accident Only Market 2019−2025 ($ million)
Table 153 Global Market by Application Type 2019−2015 ($ million)
Table 154 Global Dog Insurance Market Split 2019−2025 ($ million)
Table 155 Global Dog Insurance Market 2019−2025 ($ million)
Table 156 Global Dog Accident & Illness Market 2019−2025 ($ million)
Table 157 Global Dog Accident Only Market 2019−2025 ($ million)
Table 158 Global Cats Insurance Market Split 2019−2025 ($ million)
Table 159 Global Cat Insurance Market 2019−2025 ($ million)
Table 160 Global Cat Accident & Illness Market 2019−2025 ($ million)
Table 161 Global Cat Accident Only Market 2019−2025 ($ million)
Table 162 Global Other Pets Insurance Market Split 2019−2025 ($ million)
Table 163 Global Other Pets Insurance Market 2019−2025 ($ million)
Table 164 Global Other Pets Accident & Illness Market 2019−2025 ($ million)
Table 165 Global Other Pets Accident Only Market 2019−2025 ($ thousand)
Table 166 Global Market by Distribution Channel 2019−2025 ($ million)
Table 167 Global Agency Market 2019−2025 ($ million)
Table 168 Global Bancassurance Market 2019−2025 ($ million)
Table 169 Global Brokers Market 2019−2025 ($ million)
Table 170 Global Direct Writing Market 2019−2025 ($ million)
Table 171 Global Pet Insurance Market by Geography 2019−2025 ($ million)
Table 172 Market in Europe by Policy Type 2019−2025 ($ million)
Table 173 Market in Europe by Animal Type 2019−2025 ($ million)
Table 174 Dog Insurance Market in Europe 2019−2025 ($ million)
Table 175 Cat Insurance Market in Europe 2019−2025 ($ million)
Table 176 Other Pets Insurance Market in Europe 2019−2025 ($ million)
Table 177 Market in Europe by Distribution Channel 2019−2025 ($ million)
Table 178 Market in North America by Policy Type 2019−2025 ($ million)
Table 179 Market in North America by Animal Type 2019−2025 ($ million)
Table 180 Dog Insurance Market in North America 2019−2025 ($ million)
Table 181 Cat Insurance Market in North America 2019−2025 ($ million)
Table 182 Other Market in North America 2019−2025 ($ million)
Table 183 Market in North America by Distribution Channel 2019−2025 ($ million)
Table 184 Market in APAC by Policy Type 2019−2025 ($ million)
Table 185 Market in APAC by Animal Type 2019−2025 ($ million)
Table 186 Dog Insurance Market in APAC 2019−2025 ($ million)
Table 187 Cat Insurance Market in APAC 2019−2025 ($ million)
Table 188 Other Market in APAC 2019−2025 ($ million)
Table 189 Market in APAC by Distribution Channel 2019−2025 ($ million)
Table 190 Market in Latin America by Policy Type 2019−2025 ($ million)
Table 191 Market in Latin America by Animal Type 2019−2025 ($ million)
Table 192 Dog Insurance Market in Latin America 2019−2025 ($ million)
Table 193 Cat Insurance Market in Latin America 2019−2025 ($ million)
Table 194 Other Market in Latin America 2019−2025 ($ thousands)
Table 195 Market in Latin America by Distribution Channel 2019−2025 ($ million)
Table 196 Market in MEA by Policy Type 2019−2025 ($ million)
Table 197 Market in MEA by Animal Type 2019−2025 ($ million)
Table 198 Dog Insurance Market in MEA 2019−2025 ($ million)
Table 199 Cat Insurance Market in MEA 2019−2025 ($ million)
Table 200 Other Market in MEA 2019−2025 ($ thousands)
Table 201 Market in MEA by Distribution Channel 2019−2025 ($ million)
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.2 Base Year
4.3 Scope of the study
4.4 Market Segments
4.4.1 Market Segmentation by Insurance type
4.4.2 Market Segmentation by Applications
4.4.3 Market Segmentation by Distribution
4.4.4 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
8 Market Dynamics
8.1 Market Growth Enablers
8.1.1 Rise in Number of Pet Owners
8.1.2 Awareness about Pet Insurance
8.1.3 Increased Spending on Pet & Pet Products
8.2 Market Growth Restraints
8.2.1 Stigma Towards Costs Associated with Pet Insurance
8.2.2 Fraudulent Activities Associated with Pet Insurance
8.3 Market Opportunities & Trends
8.3.1 Rise in Online Claims
8.3.2 Rise in Millennials Interest for Pets
8.3.3 Rise in Pet Humanization
9 Global Pet Insurance Market
9.1 Market Overview
9.2 Market Size & Forecast
9.3 Five Forces Analysis
9.3.1 Threat of New Entrants
9.3.2 Bargaining Power of Suppliers
9.3.3 Bargaining Power of Buyers
9.3.4 Threat of Substitutes
9.3.5 Competitive Rivalry
10 Pet Insurance Market by Insurance Type
10.1 Market snapshot & Growth Engine
10.2 Market Overview
10.3 Accident & Illness
10.3.1 Market Size & Forecast
10.3.2 By Geography: Market Size & Forecast
10.3.3 By Dogs: Market Size & Forecast
10.3.4 By Cats: Market Size & Forecast
10.3.5 By Other Pets: Market Size & Forecast
10.4 Accident only
10.4.1 Market Size & Forecast
10.4.2 By Geography: Market Size & Forecast
10.4.3 By Dogs: Market Size & Forecast
10.4.4 By Cats: Market Size & Forecast
10.4.5 By Other Pets: Market Size & Forecast
11 Pet Insurance Market by Animal Type
11.1 Market Snapshot & Growth Engine
11.2 Market Overview
11.3 Dogs
11.3.1 Market Size & Forecast
11.3.2 By Geography: Market Size & Forecast
11.3.3 Accident & Illness Policy: Market Size & Forecast
11.3.4 Accident Only: Market Size & Forecast
11.4 Cats
11.4.1 Market Size & Forecast
11.4.2 By Geography: Market Size & Forecast
11.4.3 Accident & Illness Policy: Market Size & Forecast
11.4.4 Accident-only Policy: Market size & Forecast
11.5 Others
11.5.1 Market Size & Forecast
11.5.2 By Geography: Market Size & Forecast
11.5.3 Accident & Illness Policy: Market size & Forecast
11.5.4 Accident Only Policy: Market size & Forecast
12 Pet Insurance Market by Distribution Type
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
12.2.1 Agency
12.2.2 Brokers
12.2.3 Bancassurance
12.2.4 Direct Writing
12.3 Future of Pet Insurance Distribution Channel
13 Pet Insurance Market by Geography
13.1 Market Snapshot & Growth Engine
13.2 Overview
14 Europe
14.1 Market Overview
14.2 By Policy Type
14.2.1 Market Size & Forecast
14.3 By Animal Type
14.3.1 Market Size & Forecast
14.4 By Distribution Channel
14.4.1 Market Size & Forecast
14.5 Key Countries
14.5.1 UK: Pet Insurance Market Size & Forecast
14.5.2 Sweden: Market Size & Forecast
14.5.3 France: Pet Insurance Market Size & Forecast
14.5.4 Germany: Market Size & Forecast
14.5.5 Netherlands: Pet Insurance Market Size & Forecast
15 North America
15.1 Market Overview
15.2 By Policy Type
15.2.1 Market Size & Forecast
15.3 By Animal Type
15.3.1 Market Size & Forecast
15.4 By Distribution Channel
15.4.1 Market Size & Forecast
15.5 Key Countries
15.5.1 US: Pet Insurance Market Size & Forecast
15.5.2 Canada: Market Size & Forecast
16 APAC
16.1 Market Overview
16.2 By Policy Type
16.2.1 Market Size & Forecast
16.3 By Animal Type
16.3.1 Market Size & Forecast
16.4 By Distribution Channel
16.4.1 Market Size & Forecast
16.5 Key Countries
16.5.1 Australia: Pet Insurance Market Size & Forecast
16.5.2 China: Market Size & Forecast
16.5.3 Japan: Pet Insurance Market Size & Forecast
16.5.4 South Korea: Market Size & Forecast
17 Latin America
17.1 Market Overview
17.2 By Policy Type
17.2.1 Market Size & Forecast
17.3 By Animal Type
17.3.1 Market Size & Forecast
17.4 By Distribution Channel
17.4.1 Market Size & Forecast
17.5 Key Countries
17.5.1 Brazil: Pet Insurance Market Size & Forecast
17.5.2 Mexico: Market Size & Forecast
18 Middle East & Africa
18.1 Market Overview
18.2 By Policy Type
18.2.1 Market Size & Forecast
18.3 By Animal Type
18.3.1 Market Size & Forecast
18.4 By Distribution Channel
18.4.1 Market Size & Forecast
18.5 Key Countries
18.5.1 South Africa: Pet Insurance Market Size & Forecast
19 Competitive Landscape
19.1 Competition Overview
20 Key Company Profiles
20.1 Nationwide
20.1.1 Business Overview
20.1.2 Product Offerings
20.1.3 Key Strengths
20.1.4 Key Strategies
20.1.5 Key Opportunities
20.2 Trupanion
20.2.1 Business Overview
20.2.2 Major Product Offerings
20.2.3 Key Strengths
20.2.4 Key Strategies
20.2.5 Key Opportunities
20.3 Healthy Paws Pet Insurance
20.3.1 Business Overview
20.3.2 Product Offerings
20.3.3 Key Strengths
20.3.4 Key Strategies
20.3.5 Key Opportunities
20.4 PetPlan
20.4.1 Business Overview
20.4.2 Product Offerings
20.4.3 Key Strengths
20.4.4 Key Strategies
20.4.5 Key Opportunities
20.5 Agria
20.5.1 Business Overview
20.5.2 Product Offerings
20.5.3 Key Strengths
20.5.4 Key Strategies
20.5.5 Key Opportunities
21 Other Prominent Vendors
21.1 Crum & Forster
21.1.1 Business Overview
21.1.2 Product Offerings
21.2 Hartville Pet Insurance
21.2.1 Business Overview
21.2.2 Product Offerings
21.3 embrace pet insurance
21.3.1 Business Overview
21.3.2 Product Offerings
21.4 Pet Secure
21.4.1 Business Overview
21.4.2 Product Offerings
21.5 RSA
21.5.1 Business Overview
21.5.2 Product Offerings
21.6 Pet Plan (North America)
21.6.1 Business Overview
21.6.2 Product Offerings
21.7 Directline
21.7.1 Business Overview
21.7.2 Product Offerings
21.8 Anicom Holding
21.8.1 Business Overview
21.8.2 Product Offerings
21.9 Ipet Insurance
21.9.1 Business Overview
21.9.2 Product Offerings
21.10 Japan Animal Club
21.10.1 Business Overview
21.10.2 Product Offerings
21.11 Pet Insurance
21.11.1 Business Overview
21.11.2 Product Offerings
21.12 Bow Wow Meow
21.12.1 Business Overview
21.12.2 Product Offerings
21.13 1300
21.13.1 Business Overview
21.13.2 Product Offerings
21.14 Petsy
21.14.1 Business Overview
21.14.2 Product Offerings
21.15 Kogan
21.15.1 Business Overview
21.15.2 Product Offerings
21.16 Prime Pet Insurance
21.16.1 Business Overview
21.16.2 Product Offerings
21.17 Pet Secure
21.17.1 Business Overview
21.17.2 Product Offerings
21.18 Pets Best
21.18.1 Business Overview
21.18.2 Product Offerings
21.19 Bupa
21.19.1 Business Overview
21.19.2 Product Offerings
21.20 Sainsbury
21.20.1 Business Overview
21.20.2 Product Offerings
21.21 Allstate
21.21.1 Business Overview
21.21.2 Product Offerings
21.22 FIGO
21.22.1 Business Overview
21.22.2 Product Offerings
21.23 ASPCA
21.23.1 Business Overview
21.23.2 Product Offerings
21.24 Mapfre
21.24.1 Business Overview
21.24.2 Product Offerings
21.25 HKT Financial Services
21.25.1 Business Overview
21.25.2 Product Offerings
21.26 Oriental
21.26.1 Business Overview
21.26.2 Product Offerings
21.27 Dotsure
21.27.1 Business Overview
21.27.2 Product Offerings
21.28 Pet Sure
21.28.1 Business Overview
21.28.2 Product Offerings
21.29 Medipet
21.29.1 Business Overview
21.29.2 Product Offerings
21.30 One Plan
21.30.1 Business Overview
21.30.2 Product Offerings
21.31 Hollard
21.31.1 Business Overview
21.31.2 Product Offerings
21.32 Pet Assure
21.32.1 Business Overview
21.32.2 Product Offerings
21.33 Dog Sure
21.33.1 Business Overview
21.33.2 Product Offerings
21.34 Paw Paw
21.34.1 Business Overview
21.34.2 Product Offerings
21.35 Geico
21.35.1 Business Overview
21.35.2 Product Offerings
21.36 LV
21.36.1 Business Overview
21.36.2 Product Offerings
21.37 Liberty
21.37.1 Business Overview
21.37.2 Product Offerings
21.38 Santalucia
21.38.1 Business Overview
21.38.2 Product Offerings
21.39 Inov Expat
21.39.1 Business Overview
21.39.2 Product Offerings
21.40 Caser
21.40.1 Business Overview
21.40.2 Product Offerings
21.41 Protectapet
21.41.1 Business Overview
21.41.2 Product Offerings
21.42 New India Assurance Co. Ltd
21.42.1 Business Overview
21.42.2 Product Offerings
21.43 Waggel
21.43.1 Business Overview
21.43.2 Product Offerings
21.44 Understand Insurance
21.44.1 Business Overview
21.44.2 Product Offerings
21.45 Pets Plus Us
21.45.1 Business Overview
21.45.2 Product Offerings
21.46 24 Pet Watch
21.46.1 Business Overview
21.46.2 Product Offerings
21.47 Animal Friends
21.47.1 Business Overview
21.47.2 Product Offerings
21.48 Cat Sure
21.48.1 Business Overview
21.48.2 Product Offerings
21.49 Kido
21.49.1 Business Overview
21.49.2 Product Offerings
21.50 Rogz
21.50.1 Business Overview
21.50.2 Product Offerings
21.51 Solver
21.51.1 Business Overview
21.51.2 Product Offerings
21.52 365
21.52.1 Business Overview
21.52.2 Product Offerings
21.53 Barmenia Direkt
21.53.1 Business Overview
21.53.2 Product Offerings
21.54 Gunn & Partner
21.54.1 Business Overview
21.54.2 Product Offerings
21.55 Helvetia
21.55.1 Business Overview
21.55.2 Product Offerings
21.56 Reaal Dier & Zorg
21.56.1 Business Overview
21.56.2 Product Offerings
21.57 Ohra
21.57.1 Business Overview
21.57.2 Product Offerings
21.58 Hema
21.58.1 Business Overview
21.58.2 Product Offerings
21.59 April
21.59.1 Business Overview
21.59.2 Product Offerings
21.60 Bulle Bleue
21.60.1 Business Overview
21.60.2 Product Offerings
21.61 ECA
21.61.1 Business Overview
21.61.2 Product Offerings
21.62 My French House
21.62.1 Business Overview
21.62.2 Product Offerings
21.63 Picc
21.63.1 Business Overview
21.63.2 Product Offerings
21.64 Meritz
21.64.1 Business Overview
21.64.2 Product Offerings
21.65 Samsung Fire & Marine Insurance
21.65.1 Business Overview
21.65.2 Product Offerings
21.66 Lotte Non-Life Insurance
21.66.1 Business Overview
21.66.2 Product Offerings
21.67 Hyundai Marine & Fire Insurance
21.67.1 Business Overview
21.67.2 Product Offerings
21.68 United India
21.68.1 Business Overview
21.68.2 Product Offerings
21.69 Happytails
21.69.1 Business Overview
21.69.2 Product Offerings
21.70 AIA
21.70.1 Business Overview
21.70.2 Product Offerings
21.71 CIMB
21.71.1 Business Overview
21.71.2 Product Offerings
21.72 4 PAWS
21.72.1 Business Overview
21.72.2 Product Offerings
21.73 Toto
21.73.1 Business Overview
21.73.2 Product Offerings
21.74 If
21.74.1 Business Overview
21.74.2 Product Offerings
21.75 FWD
21.75.1 Business Overview
21.75.2 Product Offerings
21.76 MSIG
21.76.1 Business Overview
21.76.2 Product Offerings
22 Report Summary
22.1 Key Takeaways
22.2 Strategic Recommendations
23 Quantitative Summary
23.1 By Insurance Type
23.1.1 Market Size & Forecast
23.2 By Application Type
23.2.1 Market Size & Forecast
23.3 By Distribution Type
23.3.1 Market Size & Forecast
23.4 By Geography
23.4.1 Market Size & Forecast
23.5 Europe
23.5.1 Market Size & Forecast
23.6 North America
23.6.1 Market Size & Forecast
23.7 APAC
23.7.1 Market Size & Forecast
23.8 Latin America
23.8.1 Market Size & Forecast
23.9 Middle East & Africa
23.9.1 Market Size & Forecast
24 Appendix
24.1 Abbreviations
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Frequently Asked Questions
How big is the pet insurance market?
Which segment accounted for the largest pet insurance market share?
What is the market size of Europe pet insurance market during the forecast period?
What is the growth of the accident and illness policies segment during the forecast period?
Which are the key factors driving the demand of the industry?