Global Pet Insurance In-Depth Advance Market: Trends and Opportunities (2017-2019)
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| Pet Insurance |
Albany, New York, Apr 24, 2017
"Global
Pet Insurance Market: Trends and Opportunities (2017-2019)"
The Report covers current Industries Trends, Worldwide Analysis,
Global Forecast, Review, Share, Size, Growth, Effect.
Description-
–
Scope of the Report
The
report titled “Global Pet Insurance Market: Trends and
Opportunities (2017-2019)” provides an in-depth analysis of global
animal companion market focusing on major pet insurance markets such
as the UK, the US and Japan. The report also assesses the key
opportunities and underlying trends in the market and outlines the
factors that are and will be driving the growth of the industry in
the forecasted period (2017-19). Further, key pet insurers such as
Allianz Group, Anicom Holdings, Pethealth Inc. and Veterinary Pet
Insurance (VPI) are profiled in the report.
–
Geographical Coverage
- North America
- The United States
- The United Kingdom
- Japan
–
Company Coverage
- Allianz Group
- Anicom Holdings
- Pethealth Inc.
- Veterinary Pet Insurance (VPI)
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Executive summary
Pet
insurance is a type of specialty property and casualty insurance
policy that pet owners purchase to cover the unintended costs that
arise in providing care for a pet, including veterinary services such
as surgical procedures, injuries from accidents, and prescribed pet
medicines. Pet insurance is purely a reimbursement program. A form of
property and casualty insurance, pet insurance provides reimbursement
to the owner after the pet has received required care and the owner
submits a claim to the insurance company.
Globally,
pet insurance market is largely untapped with extremely low
penetration rates and hence it holds potential with high market
opportunity. In developed economies like the US, pet insurance
penetration rate is less than 1% and the primary reasons for low
coverage in North America is lack of awareness, short history of
availability in relation to Western Europe and negative product
perception from early market entrants. Despite of low penetration,
several developed and developing nations are huge markets for pet
insurance products and the market is likely to grow on the back of
growing number of companion animals and increased awareness of
insurance products.
The UK,
the US and Japan are major pet insurance markets globally. The market
is expected to grow in other areas of the world in upcoming years.
The growth of the segment is driven by rising pet ownership globally,
associated health benefits of pet ownership and expected high
potential from under-penetrated pet market around the world. However,
factors such as high price of pet insurance policies, lack of
awareness and government regulation are posing challenge to
industry’s growth. Major trends prevailing in the market consists
of mergers and acquisitions in the US market and increasing private
equity transactions in global pet insurance industry.
–
Table of Content
1.
Executive Summary
2.
Pet Insurance Market
2.1
Overview
Table
A: Global Pet Insurance History
2.2
Pet Insurance Procedure
Table
1: Pet Insurance Procedure
2.3
Pet Insurance Policy Types
Table
2: Pet Insurance Policy Types
2.2.1
Lifetime cover
2.2.2
Non-Lifetime Cover
2.4
Pet Insurance Costs
3.
Global Pet Insurance Market: An Analysis
Table
B: Companion Animal Populations in the US and the main European
Markets (2013)
Table
3: Pet Insurance Market Penetration in Selected Nations (2013)
4.
Global Pet Insurance Market: Region/Country Analysis
4.1
North America Pet Insurance Market
4.1.1
Overview
4.1.2
North American Pet Insurance Market Sizing (Actual & Forecasted)
Table
4: North American Pet Insurance Market Size, 2008-13E (US$ Millions)
Table
5: North American Pet Insurance Market Size Forecasted, 2017E-19E
(US$ Millions)
4.2
The U.S.Pet Insurance Market
4.2.1
Overview
Table
6: Total Number of Pets Owned in the US Market, 2013 (Millions)
Table
C: Number of Households in the US that Owns a Pet (Millions), 2013-14
4.2.2
The US Pet Industry Spending
Table
7: The U.S. Pet Industry Expenditure, 2008-14E (US$ Billions)
Table
8: Pet Expenditure Breakdown in the US Market, 2012-14E (US$
Billions)
Table
9: Annual Basic Expenses for Dog and Cat Owners in the US Market,
2013-2017 (US$)
4.2.3
The US Pet Insurance Market Sizing (Actual & Forecasted)
Table
10: The US Pet Insurance Market Written Premium, FY2008-FY2017E (US$
Millions)
Table
11: The US Pet Insurance Market Written Premium Forecasted,
FY2015E-FY2019E (US$ Millions)
4.2.4
The US Pet Insurance Market Share by Competitors
Table
12: The US Pet Insurance Market Share by Competitors (2012)
4.3
The UK Pet Insurance Market
4.3.1
Overview
4.3.2
The UK Pet Insurance Market Sizing (Actual & Forecasted)
Table
13: The UK Pet Insurance Market Size, 2010-13 (US$ Billions)
Table
14: The UK Pet Insurance Market Size Forecasted, 2017E-19E (US$
Billions)
4.3
Japanese Pet Insurance Market
4.3.1
Overview
4.3.2
Pet Insurance Sales Channel
Table
15: Japanese Pet Insurance Sales Channel
4.3.3
Japanese Pet Insurance Market Sizing (Actual & Forecasted)
Table
16: Japanese Pet Insurance Market Size, FY2011-FY2013 (US$ Millions)
Table
17: Japanese Pet Insurance Market Size Forecasted, FY2017E-FY2019E
(US$ Millions)
5.
Global Pet Insurance Market Trends
5.1
Mergers & Acquisitions in the US Market
Table
D: Mergers & Acquisitions in Pet Health Insurance Market, 2008-13
(US$ Millions)
5.2
Increasing Private Equity Transactions
Table
E: Private Equity Transactions in the US Pet Insurance Industry
6.
Global Pet Insurance Market: Growth Drivers & Challenges
6.1
Growth Drivers
6.1.1
Health Benefits of Pet Ownership
6.1.2
High Potential from Under-Penetrated Market
6.1.3
Rising Pet Ownership
Table
18: Pet Ownership in the US, 2005-18E (Millions of Homes)
6.2
Challenges
6.2.1
High Price
Table
19: Reasons for not Purchasing Pet Health or Medical Insurance (2017)
6.2.2
Lack of Awareness
6.2.3
Government Regulation
7.
Competitive Landscape
Table
F: Comparison of Key Players of Pet Health Insurance in North America
Table
G: Global Pet Insurance Landscape
Table
H: Global Dog Insurance Quotes for Various Companies
Table
I: Global Cat (Mixed Breed) Insurance Quotes for Various Companies
8.
Company Profiles
8.1
Allianz Group
8.1.1
Business Overview
Table
J: Allianz Group Structure – Business Segments and Reportable
Segments
Table
20: Allianz Group Revenue by Business Segment (2013)
8.1.2
Financial Overview
Table
21: Allianz Group Property-Casualty Insurance Segment Revenue,
2012-13 (US$ Billions)
Table
22: Allianz UK: Share of Pet Insurance in Retail Segment
8.1.3
Business Strategies
8.2
Anicom Holdings, Inc.
8.2.1
Business Overview
8.2.2
Financial Overview
Table
23: Anicom Holdings, Inc. Revenue, FY2010-FY2017 (US$ Millions)
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