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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 from the innovation of new and more expensive procedures that can be performed on cats and dogs.
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IBISWorld's research coverage on the Pet Insurance industry in the United Kingdom includes market sizing, forecasting, data and analysis from 2016-2031. The most recent publication was released January 2026.
The Pet Insurance industry in the United Kingdom operates under the SIC industry code SP0.175. This industry underwrites insurance policies for pets and pays veterinary costs related to illness or injury. Related terms covered in the Pet Insurance industry in the United Kingdom include claim, underwriting and premium.
Products and services covered in Pet Insurance industry in the United Kingdom include Lifetime cover , Time-limited cover and Maximum benefit cover .
Companies covered in the Pet Insurance industry in the United Kingdom include Allianz Holdings plc, Admiral Group plc and RSA Insurance Group Ltd.
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Pet Insurance industry in the United Kingdom.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Pet Insurance industry in the United Kingdom.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Pet Insurance industry in the United Kingdom.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Pet Insurance industry in the United Kingdom. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
The Companies chapter covers Key Takeaways, Market Share and Companies in the Pet Insurance industry in the United Kingdom. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Pet Insurance industry in the United Kingdom. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Pet Insurance industry in the United Kingdom. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Pet Insurance industry in the United Kingdom.
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The market size of the Pet Insurance industry in the United Kingdom is £2.2bn in 2026.
There are 86 businesses in the Pet Insurance industry in the United Kingdom, which has grown at a CAGR of 2.5 % between 2021 and 2026.
The Pet Insurance industry in the United Kingdom is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
The Pet Insurance industry in the United Kingdom is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
The market size of the Pet Insurance industry in the United Kingdom has been growing at a CAGR of 3.5 % between 2021 and 2026.
Over the next five years, the Pet Insurance industry in the United Kingdom is expected to grow.
The biggest companies operating in the Pet Insurance industry in the United Kingdom are Allianz Holdings plc, Admiral Group plc and RSA Insurance Group Ltd
Lifetime cover and Time-limited cover are part of the Pet Insurance industry in the United Kingdom.
The company holding the most market share in the Pet Insurance industry in the United Kingdom is Allianz Holdings plc.
The level of competition is high and increasing in the Pet Insurance industry in the United Kingdom.