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UK Pet Insurance: Distribution and Marketing

UK Pet Insurance: Distribution and Marketing


  • Products Id :- VF0008IA
  • |
  • Pages: 45
  • |
  • February 2016
  • |
  • |
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Executive Summary

Pet insurance is a voluntary personal lines product that customers can buy to protect themselves financially if their pet falls ill. It is one of the more complicated insurance products as customers need to tailor the policy to their pets breed and age, and also consider the impact of policy selection as their pet ages or develops long-term illness. The cost of pet insurance premiums has been rising due to vet fee inflation caused by new treatments available through technological advances. Therefore both insurers and customers are looking for new ways to control policy price and make pet insurance more affordable. The overall market is dominated by a small number of insurers to which customers stay loyal through lifetime policies. However with premiums rising, the affordability of pet insurance is causing great concern for customers.

Key Findings

Social media is growing as a channel for researching pet insurance products.

Most customers are purchasing pet insurance direct from their insurer.

Policy price is a growing concern for customers buying pet insurance.

Synopsis

Verdict Financials UK Pet Insurance: Distribution and Marketing explores consumer purchasing behavior and how it is changing. It discovers what is most influential to customers when purchasing a policy and reveals the most popular providers in the market. New innovations are highlighted, as well as key factors which will influence the pet insurance market over the next few years.

Reasons To Buy

Adapt your distribution strategy to ensure it still meets customer purchasing behavior.

Benchmark yourself against other providers in the market.

Ensure your products remain competitive as new innovations revolutionize the consumer purchasing journey.



Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
ankur [@] kenresearch.com
+91-9015378249
www.kenresearch.com

The Purchasing Journey

Insurer Selection, Loyalty, and Switching

Purchasing Channels

Marketing Activity

The Market Going Forward

Data Tables

Appendix

Single User License:
Report can be used by individual purchaser only

Site License:
Report can be shared by unlimited users within one corporate location, e.g. a regional office

Corporate User License:
Report can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

To know more information on Purchase by Section, please send a mail to query [@] kenresearch.com
 

Petplan

Tesco Bank

More Thn

Animal Friends

Argos Pet Insurance

Comparethemarket.com

Moneysupermarket.com

Confused.com

Gocompare.com

ASDA Money

LV

Sainsburys

Direct Line

SEIB

Vets4Pets

Thorpe Underwood

Saga

Allianz

RSA

Red Sands

Boughtbymany.com

insPeer

Pet Insurance, Channel, Method, Purchasing, Customer, Cat, Dog, Broker, Bank, Direct, Price Comparison Site, Online, Phone, Price.


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