You are here: Home - Insurance - News -

Pet insurance market to hit £700m

Written by:

The UK pet insurance market is predicted to reach a value of almost £700 million by 2012.

The pet insurance market is one of the fastest growing insurance markets in the UK and is set to expand further, according to a new Datamonitor report.

Having spent many years as a niche product, this nation of animal lovers has gradually embraced pet insurance as a mainstream product , with a diverse and varied distribution network that includes direct insurers, retailers and vets.

In 2007, total premiums in the UK pet insurance market grew by almost 17% to a record £440 million.

The key driver behind the premium income growth has been the steady increase in the number of people insuring their dogs and mogs: 26% of pet owners had insurance cover for their furry friends by the end of 2007.


Related Posts


Tag Box

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

ISAs: your back-to-basics guide for 2018/19

Here’s everything you need to know to make the most of your unused ISA allowance ahead of the 5 April deadli...

A guide to Sharia savings accounts

A number of Sharia savings products have upped their game in recent months, beating more familiar competitors ...

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
National Savings & Investments slashes interest rates

National Savings & Investments (NS&I) is reducing the interest paid out on many of its fixed rate products by up...