Purchasing preferences moved back towards price comparison sites and brokers in 2018, after a strong shift towards the direct channel in 2017. The direct channel still leads the way by over 20 percentage points (pp) for both cats and dogs, but it has seen reductions of over 5pp in both products. Unsurprisingly, consumers continue to move towards online purchases, with smartphones and tablets becoming a serious option for buying insurance. Every non-digital method saw declines in their share for cats and dogs as a result. Petplan remains dominant despite suffering a slight decline in its share of respondent selection.
“UK Pet Insurance: Distribution & Marketing 2018“, the report explores pet insurance purchasing behavior, and how consumer preferences are changing over time. It discovers what is most influential to customers when purchasing a policy and also reveals the most popular providers in the market. New trends and innovations are highlighted, as well as the key factors that will influence the market over the next few years.
Key highlights –
- Direct to insurer remains the most popular channel of distribution for pet insurance, despite a decline in share.
- Online via desktop PCs remains the preferred method of arranging pet cover, with all offline methods declining.
- Switching levels remain low among pet insurance customers, but a considerable number of new entrants continue to enter the market.
Single User License Price: $1295
Published: Feb 2019
Report Format: electronic pdf