Europe pet insurance market was valued at $2,832.8 million in 2020 and will grow by 11.9% annually over 2020-2030 driven by the growth in pet ownership, rising in companion animal population, increasing disposable income, and an increase in the awareness related to pet insurance.
Highlighted with 43 tables and 47 figures, this 106-page report “Europe Pet Insurance Market 2020-2030 by Insurance Type (Accident & Illness, Accident Only), Policy Type (Lifetime, Non-Lifetime), Animal Type (Dogs, Cats, Other Animals), Provider (Private, Public), Distribution Channel, and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire Europe pet insurance market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate and forecast from 2020 till 2030 with 2019 as the base year (Year 2020 is not appropriate for research base due to the outbreak of COVID-19).
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of Europe market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify Europe pet insurance market in every aspect of the classification from perspectives of Insurance Type, Policy Type, Animal Type, Provider, Distribution Channel, and Country.
Based on Insurance Type, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
• Accident & Illness
o Dogs
o Cats
o Other Pets
• Accident Only
o Dogs
o Cats
o Other Pets
Based on Policy Type, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
• Lifetime Coverage
• Non-Lifetime Coverage
Based on Animal Type, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
• Dogs
o Accident & Illness
o Accident Only
• Cats
o Accident & Illness
o Accident Only
• Other Animals
o Accident & Illness
o Accident Only
Based on Provider, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
• Private Insurance Providers
• Public Insurance Providers
Based on Distribution Channel, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
• Insurance Agency
• Bancassurance
• Brokers
• Direct Sales
Geographically, the following national/local markets are fully investigated:
• Germany
• UK
• France
• Sweden
• Italy
• Netherlands
• Rest of Europe (further segmented into Russia, Switzerland, Poland, Spain, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2019-2030. The breakdown of key national markets by Insurance Type, Animal Type, and Distribution Channel over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Key Players (this may not be a complete list and extra companies can be added upon request):
Agria
Anicom Holding
ASPCA
Bow Wow Meow
Embrace Pet Insurance Agency, LLC
Healthy Paws Pet Insurance
Ipet Insurance
More Than
Nationwide Mutual Insurance Company
Petfirst Healthcare LLC
Petplan Limited
Petsecure Pet Health Insurance
Trupanion
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
1 Introduction 7
1.1 Industry Definition and Research Scope 7
1.1.1 Industry Definition 7
1.1.2 Research Scope 8
1.2 Research Methodology 11
1.2.1 Overview of Market Research Methodology 11
1.2.2 Market Assumption 12
1.2.3 Secondary Data 12
1.2.4 Primary Data 12
1.2.5 Data Filtration and Model Design 13
1.2.6 Market Size/Share Estimation 14
1.2.7 Research Limitations 15
1.3 Executive Summary 16
2 Market Overview and Dynamics 19
2.1 Market Size and Forecast 19
2.1.1 Impact of COVID-19 on World Economy 20
2.1.2 Impact of COVID-19 on the Market 22
2.2 Major Growth Drivers 24
2.3 Market Restraints and Challenges 30
2.4 Emerging Opportunities and Market Trends 33
2.5 Porter’s Fiver Forces Analysis 37
3 Segmentation of Europe Market by Insurance Type 41
3.1 Market Overview by Insurance Type 41
3.2 Accident & Illness 43
3.3 Accident Only 44
4 Segmentation of Europe Market by Policy Type 45
4.1 Market Overview by Policy Type 45
4.2 Lifetime Coverage 47
4.3 Non-Lifetime Coverage 48
5 Segmentation of Europe Market by Animal Type 49
5.1 Market Overview by Animal Type 49
5.2 Dogs 51
5.3 Cats 55
5.4 Other Animals 59
6 Segmentation of Europe Market by Provider 60
6.1 Market Overview by Provider 60
6.2 Private Insurance Providers 62
6.3 Public Insurance Providers 63
7 Segmentation of Europe Market by Distribution Channel 64
7.1 Market Overview by Distribution Channel 64
7.2 Insurance Agency 66
7.3 Bancassurance 67
7.4 Brokers 68
7.5 Direct Sales 69
8 European Market 2019-2030 by Country 70
8.1 Overview of European Market 70
8.2 Germany 73
8.3 U.K. 75
8.4 France 78
8.5 Sweden 80
8.6 Italy 82
8.7 Netherlands 84
8.8 Rest of European Market 86
9 Competitive Landscape 88
9.1 Overview of Key Vendors 88
9.2 New Product Launch, Partnership, Investment, and M&A 91
9.3 Company Profiles 92
Agria 92
Anicom Holding 94
ASPCA 95
Bow Wow Meow 96
Embrace Pet Insurance Agency, LLC 97
Healthy Paws Pet Insurance 98
Ipet Insurance 99
More Than 100
Nationwide Mutual Insurance Company 101
Petfirst Healthcare LLC 102
Petplan Limited 103
Petsecure Pet Health Insurance 104
Trupanion 105
RELATED REPORTS 106
List of Tables:
Table 1. Snapshot of Europe Pet Insurance Market in Balanced Perspective, 2019-2030 17
Table 2. Growth Rate of World GDP, 2020-2022 21
Table 3. Cost Associated with Owing Pets 27
Table 4. Five-year Increase in Average Pet Insurance Rates, 2016-2021 29
Table 5. Main Product Trends and Market Opportunities in Europe Pet Insurance Market 33
Table 6. Europe Pet Insurance Market by Insurance Type, 2019-2030, $ mn 41
Table 7. Europe Pet Insurance Market: Accident & Illness by Animal Type, 2019-2030, $ mn 43
Table 8. Europe Pet Insurance Market: Accident Only by Animal Type, 2019-2030, $ mn 44
Table 9. Europe Pet Insurance Market by Policy Type, 2019-2030, $ mn 45
Table 10. Europe Pet Insurance Market by Animal Type, 2019-2030, $ mn 49
Table 11. Europe Pet Insurance Market: Dogs by Insurance Type, 2019-2030, $ mn 51
Table 12. Monthly Premium of Dog Insurance by Breed, June 2021 52
Table 13. Average Cost of Common Treatments for Dogs, June 2021 54
Table 14. Europe Pet Insurance Market: Cats by Insurance Type, 2019-2030, $ mn 55
Table 15. Monthly Premium of Cat Insurance by Breed, June 2021 56
Table 16. Average Cost of Common Treatments for Cats, June 2021 58
Table 17. Europe Pet Insurance Market: Other Animals by Insurance Type, 2019-2030, $ mn 59
Table 18. Europe Pet Insurance Market by Provider, 2019-2030, $ mn 60
Table 19. Europe Pet Insurance Market by Distribution Channel, 2019-2030, $ mn 64
Table 20. Europe Pet Insurance Market by Country, 2019-2030, $ mn 72
Table 21. Germany Pet Insurance Market by Insurance Type, 2019-2030, $ mn 74
Table 22. Germany Pet Insurance Market by Animal Type, 2019-2030, $ mn 74
Table 23. Germany Pet Insurance Market by Distribution Channel, 2019-2030, $ mn 74
Table 24. U.K. Pet Insurance Market by Insurance Type, 2019-2030, $ mn 77
Table 25. U.K. Pet Insurance Market by Animal Type, 2019-2030, $ mn 77
Table 26. U.K. Pet Insurance Market by Distribution Channel, 2019-2030, $ mn 77
Table 27. France Pet Insurance Market by Insurance Type, 2019-2030, $ mn 79
Table 28. France Pet Insurance Market by Animal Type, 2019-2030, $ mn 79
Table 29. France Pet Insurance Market by Distribution Channel, 2019-2030, $ mn 79
Table 30. Sweden Pet Insurance Market by Insurance Type, 2019-2030, $ mn 81
Table 31. Sweden Pet Insurance Market by Animal Type, 2019-2030, $ mn 81
Table 32. Sweden Pet Insurance Market by Distribution Channel, 2019-2030, $ mn 81
Table 33. Italy Pet Insurance Market by Insurance Type, 2019-2030, $ mn 83
Table 34. Italy Pet Insurance Market by Animal Type, 2019-2030, $ mn 83
Table 35. Italy Pet Insurance Market by Distribution Channel, 2019-2030, $ mn 83
Table 36. Netherlands Pet Insurance Market by Insurance Type, 2019-2030, $ mn 85
Table 37. Netherlands Pet Insurance Market by Animal Type, 2019-2030, $ mn 85
Table 38. Netherlands Pet Insurance Market by Distribution Channel, 2019-2030, $ mn 85
Table 39. Pet Insurance Market in Rest of Europe by Country, 2019-2030, $ mn 87
Table 40. Agria: Company Snapshot 92
Table 41. Agria: Business Segmentation 92
Table 42. Agria: Product Portfolio 93
Table 43. Agria: Revenue, 2018-2020, $ mn 93
