Pet Insurance Market
This report studies the Pet Insurance market, 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 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.
Four kinds of pet insurance are available: lifetime cover, non-life cover, accident-only cover, and others. Lifetime Cover is the largest pet insurance, with a value of 1775.2 M USD in 2017.
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Market Segment by Top Companies, this report covers
Petplan UK (Allianz)
Petplan NorthAmerica (Allianz)
Royal & Sun Alliance (RSA)
Direct Line Group
Japan Animal Club
Market Report & Analysis Scope of the Global Pet Insurance
This study analyzes the Pet Insurance market position and perspective of international and major areas from the perspective of players, nations, product types, and end companies; this study analyzes the top players on the worldwide market and divides the Pet Insurance market by product type and application / end industry.
The Report also defines Market Segment by Applications by dividing into Dog, Cat and others.
Global and Regional Market trends & Analysis
The global Pet Insurance market is valued at 3200 million USD in 2018 and is expected to reach 7170 million USD by the end of 2024, growing at a CAGR of 14.4% between 2019 and 2024.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Pet Insurance.
Learn about marketing strategies adopted by leading companies in different regions and countries globally, understand outlook for the market. The report also covers the driving and restraining forces most affected in the Pet Insurance industry and its effect on the worldwide market. Also get Insightful market analyzes and a thorough knowledge of the worldwide market and its business landscape.
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