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Major Giants PICC, Hartville Group, Embrace – InsuranceNewsNet

By on September 15, 2022 0

New JerseyNJ–(SBWIRE)– 09/15/2022 – The Pet Accident and Sickness Insurance market report assesses relevant developments for the insurance industry and identifies key risks and vulnerabilities for the Pet Accident and Sickness Insurance industry to raise awareness of current and future scenarios among stakeholders. To derive a comprehensive valuation and market estimates, a broad list of insurers and aggregators, and agency was considered in coverage; Some of the best profiled players are Petplan UK, Anicom HoldingAgria, Royal and solar alliance (RSA), National, Ipet Insurance, Trupanion, Direct line groupCrum & Forster, Petplan North America, PetSurePetSecure, Animal Club of JapanPetfirst, Animal healthPetplan Australia, PICC, iCatdog, Hartville Group, Animal health & Kiss.

Next step to take to boost the topline? Track recent strategic moves and the product landscape of Accident and illness insurance for pets market.

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Globally, the insurance industry saw strong premium growth in 2021, on a percentage basis, while growth in 2022 is noticeably slower, on a percentage basis. Total Premiums (GWP) are expected to reach … by 2028. Pet accident and sickness insurance companies looking for growth opportunities in the global insurance markets can explore at both the fastest growing markets and the largest developed markets; slowing growth rates suggest; however, most carriers would also need to look further. “Growth during this period will be fueled by emerging markets in APAC and Latin America”

The report describes the total market of Accident and illness insurance for pets industry; the other market is broken down by application [Dog, Cat & Other]type [Accident Pet Insurance & Illness Pet Insurance]and country.

Geographically, the global version of the report covers the following regions and countries:
North America [United States, Canada, and Mexico]
Europe [Germany, the UK, France, Italy, Netherlands, Denmark, Belgium, Russia, Spain, Sweden, and Rest of Europe]
Asia Pacific [China, Japan, South Korea, India, Australia, Southeast Asia, and Others]
South America [Brazil, Argentina, Chile, and Rest of South America]
– the Middle East and Africa (South Africa, Turkey, Israel, EgyptGCC countries and rest of Africa)

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Research approach and hypotheses:

– HTF MI depicts key trends in the Pet Accident and Sickness Insurance market using final data for 2021 and earlier years, as well as quarterly or annual reports for 2022. In general, the years considered in the study, i.e., the base year is 2021, historical data considered as 2017-2021 and the forecast period is 2022-2028.

– Various analytical tools were used to assess how the insurance industry and in particular the pet accident and sickness insurance industry might respond over the next decade to global macroeconomic changes. Our “consensus scenario” assumes a recovery in global GDP growth in the coming years on top of fluctuating interest rates; the results presented in the Pet Accident and Sickness Insurance market report reflect the output of this model.

– When calculating the growth of the pet accident and sickness insurance market, we have generally used nominal gross premium figures based on fixed 2021 exchange rates, as this data has allowed us to compare local growth rates without the interference of currency fluctuations. The exceptions, which use floating exchange rates, are Argentina, Ukraineand Venezuelamany African countries, etc. due to high inflation rates.

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Thank you for reading the Pet Accident and Sickness Insurance Industry Research Publication; you can also get individual sections by chapter or report versions by region like UNITED STATES, China, South East AsiaLATAM, APAC, etc.

About the Author:
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