Dublin, Jan. 29, 2024 (GLOBE NEWSWIRE) -- The "Pet Insurance in the UK - Industry Research Report" report has been added to ResearchAndMarkets.com's offering.
Pet insurance policies are more commonplace in the UK insurance services market. An expansion in veterinary costs has encouraged pet owners to take out cover for their pets against accidents and injuries. According to ABI, industry firms underwrite insurance policies, with over 95% of insurance policies for cats and dogs.
Industry revenue has expanded due to rising premium costs due to the innovation of new and more expensive procedures that can be performed on cats and dogs. Industry revenue is expected to increase at a compound annual rate of 3.2% over the five years through 2023-24 to reach £1.9 billion. This includes estimated revenue growth of 3.8% in 2023-24.
This industry underwrites insurance policies for pets and pays veterinary costs related to illness or injury.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Key Topics Covered:
ABOUT THIS INDUSTRY
- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
PRODUCTS & MARKETS
- Supply Chain
- Products & Services
- Demand Determinants
- Major Markets
- International Trade
- Business Locations
COMPETITIVE LANDSCAPE
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Basis of Competition
- Barriers to Entry
- Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
- Capital Intensity
- Technology & Systems
- Revenue Volatility
- Regulation & Policy
- Industry Assistance
KEY STATISTICS
- Industry Data
- Annual Change
- Key Ratios
For more information about this report visit https://www.researchandmarkets.com/r/dp0lef
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