1. Market Research
  2. > Financial Services
  3. > Insurance Market Trends
  4. > Pet Metrics: Consumer Approaches to Pet Insurance in the USA

Finaccord's report titled Pet Metrics: Consumer Approaches to Pet Insurance in the USA offers detailed and up-to-date insights into the behaviour of pet owners in the context of pet insurance in the US. Based on a primary survey of almost 2,000 consumers in the USA carried out in the second quarter of 2014, the research provides valuable data describing the extent to which owners of cats, dogs and other animals take out insurance for their pets.

In addition to calculating the percentage of US pet owners that buys pet insurance, the investigation also analyses the types of policy that they buy (i.e. stand-alone policies or cover packaged within household insurance or personal liability insurance), whether they hold cover for liabilities associated with pet ownership only or also for other risks (most notably veterinary expenses), which distribution channel and interface they use to take out stand-alone pet insurance and whether they buy cover within a week or a month of acquiring their pet or at a later stage.

Finally, the report measures the degree to which insured pet owners have used their cover to file a claim in the 12 months leading up to the survey and, if so, the reason for making the claim and whether the claim was accepted or not.

Table Of Contents

Pet Metrics: Consumer Approaches to Pet Insurance in the USA
TABLE OF CONTENTS
0.0 EXECUTIVE SUMMARY ... 1
1.0 INTRODUCTION 2
What is this report about? .. 2
Rationale . 2
Global consumer research 2
2.0 SURVEY ANALYSIS .. 3
Introduction . 3
Underlying pet ownership .. 4
Proportion of respondents who own one or more types of pet 4
Segmentation by age group ... 6
Segmentation by annual household income band 7
Uptake of pet insurance . 8
Proportion of pet owners who have pet insurance 8
Segmentation by age group ... 9
Segmentation by annual household income band.. 10
Types of consumers most likely to have pet insurance .. 11
Characteristics of pet insurance .. 13
Types of pet insurance policy ... 13
Risks covered by pet insurance ... 14
Distribution of pet insurance 16
Distribution channels used for stand-alone pet insurance .. 16
Distribution interfaces used for stand-alone pet insurance . 17
Cross-tabulation of distribution channels and interfaces used for stand-alone policies ... 19
Time of acquisition of stand-alone pet insurance 20
Pet insurance claims 21
Frequency and outcome of pet insurance claims ... 21
Main reasons for pet insurance claims 22
3.0 APPENDIX 23
Research sample statistics .. 23
Research structure ... 26

LIST OF GRAPHICS / TABLES
0.0 EXECUTIVE SUMMARY ... 1
1.0 INTRODUCTION 2
2.0 SURVEY ANALYSIS .. 3
% of respondents in the US who own one or more types of pet, 2014 ... 4
% of respondents in the US who own each particular type of pet, 2014 5
% of respondents in the US who own each particular type of pet, segmented by age, 2014 ... 6
% of respondents in the US who own each particular type of pet, segmented by annual household income, 2014 7
% of pet owners in the US who have pet insurance, segmented by type of pet, 2014 .. 8
% of pet owners in the US who have any type of pet insurance, segmented by type of pet and by age, 2014 9
% of pet owners in the US who have any type of pet insurance, segmented by type of pet and by annual household income, 2014.. 10
% of respondents in the US who have any type of pet insurance, segmented by age and by annual household income, 2014.. 11
% of respondents in the US who have any type of pet insurance, segmented by age and by annual household income, 2014 (table) .. 12
Types of pet insurance policy held in the US, 2014 ... 13
Risks covered by pet insurance in the US, 2014 15
Distribution channels used for stand-alone pet insurance in the US, 2014 .. 16
Distribution interfaces used for stand-alone pet insurance in the US, 2014 . 17
Online sales of stand-alone pet insurance in the US, segmented by type of device used, 2014 18
Cross-tabulation of distribution channels and interfaces used for stand-alone pet insurance in the US, 2014 .. 19
Time of acquiring stand-alone pet insurance in the US relative to time of acquiring pet, 2014 ... 20
Frequency and outcome of pet insurance claims in the US, 2014 21
Main reasons for pet insurance claims in the US, 2014. 22
3.0 APPENDIX 23
US survey sample, segmented by geographical region 24
US survey sample, segmented by age group and by annual household income band... 25

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
UK Pet Insurance: Competitor Dynamics 2016

UK Pet Insurance: Competitor Dynamics 2016

  • $ 1295
  • Industry report
  • September 2016
  • by Verdict Financial

Summary The UK pet insurance market witnessed strong growth in 2015, with some of the market's key insurers launching new products and expanding their distribution arrangements. The market, dominated by ...

UK Pet Insurance: Market Dynamics and Opportunities 2016

UK Pet Insurance: Market Dynamics and Opportunities 2016

  • $ 3450
  • Industry report
  • July 2016
  • by Verdict Financial

Summary 2015 saw the UK pet insurance market continue to grow, with gross written premiums (GWP) increasing by 6.3% from £853m in 2014 to £910m in 2015. Medical inflation remains the underlying facto ...

Insurance Competitor Profile: Sainsbury%s

Insurance Competitor Profile: Sainsbury%s

  • $ 2795
  • Industry report
  • March 2016
  • by Verdict Financial

Summary Sainsbury's is a retailing giant and the UK's second-largest supermarket brand. As with rival Tesco, Sainsbury's Bank spread its wings into the financial services industry in the 1990s and is now ...

Uk Personal Lines Distribution

March 2016 $ 1995

Uk Insurance Aggregators 2016

March 2016 $ 3450

Uk Insurance Profile: Tesco

February 2016 $ 4026

Download Unlimited Documents from Trusted Public Sources

Global Insurance Indicators Industry

  • November 2016
    91 pages
  • Insurance Indic...  

  • World  

    Germany  

View report >

Global Credit Insurance Markets

  • October 2016
    16 pages
  • Credit Insuranc...  

    Insurance  

  • United Kingdom  

    World  

View report >

The future of the Insurance Industry in the UK

  • September 2016
    3 pages
  • Pension  

    Pension  

  • United Kingdom  

View report >

Related Market Segments :

Pet Insurance

ref:plp2014

Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.