Growth drivers and challenges of pet insurance

According to the latest market research report from Fortune Business Insight, the global pet insurance market is projected to reach USD 11.25 billion by the end of 2026.

The UK pet insurance market remains under penetrated and increasingly competitive, representing significant growth opportunities for pet insurers who are equipped with the right tools to provide them with enhanced customer insights, improved operational efficiencies and the ability to detect fraud.

Whilst the pet insurance market represents growth opportunities for insurers, it is clear that strategies and tools must be in place to ensure and maintain profitable growth.

This content focuses on how ambitious pet insurers can achieve profitable growth by leveraging specific tools to accurately assess risk, on-board new policyholders and investigate claims.

Topics covered:
• Increasing number of pets insured.
• New insurance initiatives and propositions.
• Increasing pet insurance claims costs.
• Using data and insights to investigate 100% of pet insurance claims.
• CACHE Pet and Sherlock Detection tools.