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(MoneyNewsWire.Net, June 30, 2016 ) Scope of the Report
The report titled “Global Pet Insurance Market: Trends and Opportunities (2014-2019)” 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 (2014-19). 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
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Company Coverage
Allianz Group
Anicom Holdings
Pethealth Inc.
Veterinary Pet Insurance (VPI)
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.
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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, 2014E-19E (US$ Millions)
4.2 The U.S.Pet Insurance Market
4.2.1 Overview
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