QYResearch: Global Pet insurance Market is 1819 million USD in 2016

Analyst: Echo

Company: QYResearch

Recently, QYResearch published a report on Pet insurance, Pet insurance is a type of specialty property and casualty insurance policy that pet owners purchase to cover the unintended costs that arise in providing care for a pet, including veterinary services such as surgical procedures, injuries from accidents, and prescribed pet medicines. Pet insurance is purely a reimbursement program. A form of property and casualty insurance, pet insurance provides reimbursement to the owner after the pet has received required care and the owner submits a claim to the insurance company.

According to QYResearch, there are four types of pet insurance: Lifetime Cover, Non-lifetime Cover, Accident-only and other. Lifetime Cove is the largest pet insurance and its revenue is 1819.3 M USD in 2016.Non-lifetime Cover is the next.

The global market of Pet insurance is relatively concentrated; the revenue of top sixteen manufacturer accounts about 82% of the total revenue in 2016.

Europe is the largest consumer of pet insurance in 2016, the consumption of pet insurance is about 1672.7  M USD in Europe; its proportion of global market consumption exceeds 56.57%%.

Full Report Link: http://www.qyresearchglobal.com/goods-970583.html

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