Europe Pet Insurance Market 2020-2030

Europe pet insurance market will grow by 11.9% annually over 2020-2030. This report consist industry trends and major growing factors with market players.

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. The 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).

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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

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Manmayi Raval

Manmayi Raval

Research Consultant

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

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Manmayi Raval

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.)

Table of Contents

  • 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

List of Figures:

Figure 1. Research Method Flow Chart 11
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 14
Figure 3. Europe Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2019-2030 16
Figure 4. Europe Pet Insurance Market, 2019-2030, $ mn 19
Figure 5. Impact of COVID-19 on Business 22
Figure 6. Primary Drivers and Impact Factors of Europe Pet Insurance Market 24
Figure 7. Average Monthly Cost of Pet Insurance for Dogs and Cats, June 2021 28
Figure 8. Primary Restraints and Impact Factors of Europe Pet Insurance Market 30
Figure 9. Investment Opportunity Analysis 34
Figure 10. Porter’s Fiver Forces Analysis of Europe Pet Insurance Market 37
Figure 11. Breakdown of Europe Pet Insurance Market by Insurance Type, 2019-2030, % of Revenue 42
Figure 12. Europe Addressable Market Cap in 2021-2030 by Insurance Type, Value ($ mn) and Share (%) 42
Figure 13. Europe Pet Insurance Market: Accident & Illness, 2019-2030, $ mn 43
Figure 14. Europe Pet Insurance Market: Accident Only, 2019-2030, $ mn 44
Figure 15. Breakdown of Europe Pet Insurance Market by Policy Type, 2019-2030, % of Sales Revenue 46
Figure 16. Europe Addressable Market Cap in 2021-2030 by Policy Type, Value ($ mn) and Share (%) 46
Figure 17. Europe Pet Insurance Market: Lifetime Coverage, 2019-2030, $ mn 47
Figure 18. Europe Pet Insurance Market: Non-Lifetime Coverage, 2019-2030, $ mn 48
Figure 19. Breakdown of Europe Pet Insurance Market by Animal Type, 2019-2030, % of Sales Revenue 50
Figure 20. Europe Addressable Market Cap in 2021-2030 by Animal Type, Value ($ mn) and Share (%) 50
Figure 21. Europe Pet Insurance Market: Dogs, 2019-2030, $ mn 51
Figure 22. Monthly Premium of Pet Insurance for Dogs, June 2021 52
Figure 23. Cost of Five Most Common Conditions for Dogs, June 2021 53
Figure 24. Europe Pet Insurance Market: Cats, 2019-2030, $ mn 55
Figure 25. Monthly Premium of Pet Insurance for Cats, June 2021 56
Figure 26. Cost of Five Most Common Conditions for Cats, June 2021 57
Figure 27. Europe Pet Insurance Market: Other Animals, 2019-2030, $ mn 59
Figure 28. Breakdown of Europe Pet Insurance Market by Provider, 2019-2030, % of Revenue 61
Figure 29. Europe Addressable Market Cap in 2021-2030 by Provider, Value ($ mn) and Share (%) 61
Figure 30. Europe Pet Insurance Market: Private Insurance Providers, 2019-2030, $ mn 62
Figure 31. Europe Pet Insurance Market: Public Insurance Providers, 2019-2030, $ mn 63
Figure 32. Breakdown of Europe Pet Insurance Market by Distribution Channel, 2019-2030, % of Revenue 65
Figure 33. Europe Addressable Market Cap in 2021-2030 by Distribution Channel, Value ($ mn) and Share (%) 65
Figure 34. Europe Pet Insurance Market: Insurance Agency, 2019-2030, $ mn 66
Figure 35. Europe Pet Insurance Market: Bancassurance, 2019-2030, $ mn 67
Figure 36. Europe Pet Insurance Market: Brokers, 2019-2030, $ mn 68
Figure 37. Europe Pet Insurance Market: Direct Sales, 2019-2030, $ mn 69
Figure 38. Breakdown of European Pet Insurance Market by Country, 2019 and 2030, % of Revenue 71
Figure 39. Contribution to Europe 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%) 72
Figure 40. Pet Insurance Market in Germany, 2019-2030, $ mn 73
Figure 41. Pet Insurance Market in U.K., 2019-2030, $ mn 75
Figure 42. Pet Insurance Market in France, 2019-2030, $ mn 78
Figure 43. Pet Insurance Market in Sweden, 2019-2030, $ mn 80
Figure 44. Pet Insurance Market in Italy, 2019-2030, $ mn 82
Figure 45. Pet Insurance Market in Netherlands, 2019-2030, $ mn 84
Figure 46. Pet Insurance Market in Rest of Europe, 2019-2030, $ mn 86
Figure 47. Growth Stage of Europe Pet Insurance Industry over the Forecast Period 88
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Europe Pet Insurance Market 2020-2030

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