Horse Insurance Market By Type, By Horse Type, By Application, By Sales Channel : Global Opportunity Analysis and Industry Forecast, 2021-2031

August 2022
362 pages
ID: 6352191
Format: PDF
Allied Market Research

Summary

Table of Contents

Horse Insurance Market By Type (Mortality, Major Medical & Surgical, Loss of Use, Liability, Others), By Horse Type (American Quarter Horse, Arabian, Thoroughbred, Morgan, Appaloosa, Others), By Application (Recreational, Commercial), By Sales Channel (Broker, Agency, Direct Response, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

Horse insurance offers protection in the event that a horse suffers an illness or passes away, is no longer able to be employed for work, or causes someone harm or property damage. Moreover, if a horse causes harm to someone or damages their property, the horse company can be held liable. A stable, barn, or piece of equipment that is destroyed by fire or another hazard can also result in a loss for the company. Horse enterprises that purchase specialist equine/horse insurance can safeguard themselves against these unforeseen losses.
Increase in adoption of horse insurance to cover unexpected veterinary expenses, vaccinations and other routine care is driving the growth of the market. In addition, consistent improvement in the horse insurance plans with additional benefits is propelling the growth of the market. However, lack of awareness among customers and high premiums for horse insurance are some factors that hamper the market growth. On the contrary, adoption of advanced technologies in insurance product lines is expected to boost the growth of the market in upcoming years. Moreover, increase in government initiatives for horse insurance is expected to provide lucrative opportunity for the market in upcoming years.
The horse insurance market is segmented into type, horse type, application, sales channel, and region. By type, the market is differentiated into mortality, major medical & surgical, loss of use, liability and others. Depending on horse type, it is fragmented into American quarter horse, Arabian, thoroughbred, Morgan, appaloosa and others. The application segment is divided into recreational and commercial. The recreational segment is further segregated into riding, racing, grooming/showing and others. The riding segment is further divided into leisure riding and competitive riding. The sales channel is differentiated into broker, agency, direct response and other. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The horse insurance market analysis includes top companies operating in the market such as Animal Friends Insurance Services Limited, ASPCA, AXA, Broadstone Equine Insurance Agency, De Wet De Villiers Brokers, Harry Hall International Ltd, Hollard, Markel Corporation, Nationwide Mutual Insurance Company, One Insurance Group, Pet Assure Corp., Pet Plan Limited, Quotezone.co.uk, The Insurance Emporium, Consumer Agent Portal, LLC., Great American Insurance Company, and Edgewood Partners Insurance Center. These players have adopted various strategies to increase their market penetration and strengthen their position in the horse insurance industry.

KEY BENEFITS FOR STAKEHOLDERS
-The study provides in-depth analysis of the global horse insurance market along with current trends and future estimations to illustrate the imminent investment pockets.
-Information about key drivers, restrains, & opportunities and their impact analysis on the global horse insurance market size are provided in the report.
-The Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
-The quantitative analysis of the global horse insurance market from 2021 to 2031 is provided to determine the market potential.

Key Market Segments

By Type
- Mortality
- Major Medical Surgical
- Loss of Use
- Liability
- Others

By Horse Type
- American Quarter Horse
- Arabian
- Thoroughbred
- Morgan
- Appaloosa
- Others

By Application
- Recreational
- Recreational
- Riding
- Racing
- Grooming/Showing
- Others
- Commercial

By Sales Channel
- Broker
- Agency
- Direct Response
- Others

By Region
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Key Market Players
- Markel Corporation
- AXA
- Harry Hall Horse Insurance
- The Insurance Emporium Horse Insurance
- Animal Friends Horse Insurance
- Quotezone Horse Insurance
- Pet Plan
- ASPCA
- Nationwide
- Pet Assure
- Hollard
- ONE Insurance
- De Wet De Villiers Brokers
- Trusted Choice
- Broadstone Equine Insurance Agency
- Great American Insurance Group
- EPIC Insurance Brokers & Consultants

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