Global Equine Insurance Market Insights to 2031 – Consistent Improvements and Additional Benefits in Equine Insurance Plans Drive Growth

DUBLIN, November 9, 2022 (GLOBE NEWSWIRE) — “Equine Insurance Market by Type, Equine Type, Application and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2031” report added of ResearchAndMarkets.com Recruitment.

According to this report, the horse insurance market will be valued at $458.67 million in 2021 and is estimated to reach $1.6 billion by 2031, growing at a CAGR of 13.7% from 2022 to 2031.

Horse insurance provides coverage if your horse gets sick, dies, is unable to work, or harms or damages someone. Additionally, if a horse harms someone or damages property, the horse company can be held liable. Stables, barns, or pieces of equipment destroyed by fire or other hazards can also result in losses for the company. Equine businesses that purchase professional equine/horse insurance can protect themselves from these unforeseen losses.

Increased adoption of horse insurance to cover unexpected veterinary costs, vaccinations and other routine care is boosting the growth of the market. Moreover, consistent improvements in horse insurance plans with additional benefits are driving the growth of the market.

However, lack of customer awareness and high premiums for horse insurance are some of the factors hindering the market growth. On the contrary, the adoption of advanced technology in insurance product lines is expected to boost the market growth in the coming years. Moreover, increasing government initiatives for horse insurance are expected to provide lucrative opportunities to the market in the coming years.

The horse insurance market is segmented into type, horse type, application, sales channel, and region. By type, the market is segmented into mortality, major medical and surgical procedures, disability, liability, and others. Horses are subdivided into American Quarter Horses, Arabians, Thoroughbreds, Morgans, Appaloosas, etc. The application segment is divided into recreational and commercial.

The Recreation segment is further subdivided into horseback riding, racing, grooming/shows, and others. The riding segment is further divided into leisure riding and competition riding. Sales channels are divided into brokers, agents, direct response, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Equine Insurance Market Analysis includes 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 are adopting various strategies to increase market penetration and strengthen their position in the horse insurance industry.

Main advantage

  • The study offers an in-depth analysis of the global horse insurance market along with current trends and future projections to illustrate the impending investment pockets.
  • The report provides information on key drivers, restraints, opportunities and impact analysis on the global Equine Insurance market size.
  • Porter’s Five Forces analysis shows the potential of buyers and suppliers operating in the industry.
  • A quantitative analysis of the global horse insurance market from 2021 to 2031 has been provided to determine market potential.

Main topics:

Chapter 1; Introduction

Chapter 2: Executive Summary

Chapter 3: Market Overview
3.1. Market definition and scope
3.2. Main Findings
3.2.1. Top investment pocket
3.3. Porter’s Five Forces Analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1.Driver
3.5.2. Constraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on Market

Chapter 4: Equine Insurance Market by Type
4.1 Overview
4.1.1 Market size and forecast
4.2 Mortality
4.2.1 Key Market Trends, Growth Drivers and Opportunities
4.2.2 Market Size and Forecast by Region
4.2.3 Market Analysis by Country
4.3 Major Medicine and Surgery
4.3.1 Key Market Trends, Growth Drivers and Opportunities
4.3.2 Market Size and Forecast by Region
4.3.3 Market Analysis by Country
4.4 Loss of use
4.4.1 Key Market Trends, Growth Drivers and Opportunities
4.4.2 Market Size and Forecast by Region
4.4.3 Market Analysis by Country
4.5 Liability
4.5.1 Key Market Trends, Growth Factors and Opportunities
4.5.2 Market Size and Forecast by Region
4.5.3 Market Analysis by Country
4.6 Miscellaneous
4.6.1 Key Market Trends, Growth Drivers and Opportunities
4.6.2 Market Size and Forecast by Region
4.6.3 Market Analysis by Country

Chapter 5: Horse Insurance Market by Horse Type
5.1 Overview
5.1.1 Market size and forecast
5.2 American Quarter Horse
5.2.1 Key Market Trends, Growth Factors and Opportunities
5.2.2 Market Size and Forecast by Region
5.2.3 Market Analysis by Country
5.3 Arabic
5.3.1 Key Market Trends, Growth Factors and Opportunities
5.3.2 Market Size and Forecast by Region
5.3.3 Market Analysis by Country
5.4 Thoroughbred
5.4.1 Key Market Trends, Growth Drivers and Opportunities
5.4.2 Market Size and Forecast by Region
5.4.3 Market Analysis by Country
5.5 Morgan
5.5.1 Key Market Trends, Growth Factors and Opportunities
5.5.2 Market Size and Forecast by Region
5.5.3 Market Analysis by Country
5.6 Appaloosa
5.6.1 Key Market Trends, Growth Factors and Opportunities
5.6.2 Market Size and Forecast by Region
5.6.3 Market Analysis by Country
5.7 Miscellaneous
5.7.1 Key Market Trends, Growth Factors and Opportunities
5.7.2 Market Size and Forecast by Region
5.7.3 Market Analysis by Country

Chapter 6: Horse Insurance Market by Application
6.1 Overview
6.1.1 Market size and forecast
6.2 Recreation
6.2.1 Key Market Trends, Growth Drivers and Opportunities
6.2.2 Market Size and Forecast by Region
6.2.3 Market Analysis by Country
6.2.4 Recreational Horse Insurance Market by Recreational
6.2.4.1 Horse Riding Market Size and Forecast by Region
6.2.4.2 Racing Market Size and Forecast by Region
6.2.4.3 Grooming/Display Market Size and Forecast by Region
6.2.4.4 Market Size and Forecast by Other Regions
6.3 Commercials
6.3.1 Key Market Trends, Growth Factors and Opportunities
6.3.2 Market Size and Forecast by Region
6.3.3 Market Analysis by Country

Chapter 7: Equine Insurance Market by Distribution Channel
7.1 Overview
7.1.1 Market size and forecast
7.2 Broker
7.2.1 Key Market Trends, Growth Drivers and Opportunities
7.2.2 Market Size and Forecast by Region
7.2.3 Market Analysis by Country
7.3 Agency
7.3.1 Key Market Trends, Growth Drivers and Opportunities
7.3.2 Market Size and Forecast by Region
7.3.3 Market Analysis by Country
7.4 Direct Response
7.4.1 Key Market Trends, Growth Drivers and Opportunities
7.4.2 Market Size and Forecast by Region
7.4.3 Market Analysis by Country
7.5 Miscellaneous
7.5.1 Key Market Trends, Growth Drivers and Opportunities
7.5.2 Market Size and Forecast by Region
7.5.3 Market Analysis by Country

Chapter 8: Equine Insurance Market by Region

Chapter 9: Company Landscape
9.1. Introduction
9.2. Top Winning Strategies
9.3. Top 10 Player Product Mapping
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Major developments

Chapter 10: Company Profile
10.1 Markel Inc.
10.1.1 Company Profile
10.1.2 Company Profile
10.1.3 Business Segment Operations
10.1.4 Product Portfolio
10.1.5 Performance
10.1.6 Key Strategic Moves and Developments
10.2 AXA
10.2.1 Company Profile
10.2.2 Company Profile
10.2.3 Business Segment Operations
10.2.4 Product Portfolio
10.2.5 Performance
10.2.6 Key Strategic Moves and Developments
10.3 Harry Hall Horse Insurance
10.3.1 Company Profile
10.3.2 Company Profile
10.3.3 Business segment operations
10.3.4 Product Portfolio
10.3.5 Performance
10.3.6 Major Strategic Moves and Developments
10.4 The Insurance Emporium Horse Insurance
10.4.1 Company Profile
10.4.2 Company Profile
10.4.3 Business segment operations
10.4.4 Product Portfolio
10.4.5 Performance
10.4.6 Major Strategic Moves and Developments
10.5 Animal Friends Horse Insurance
10.5.1 Company Profile
10.5.2 Company Profile
10.5.3 Business segment operations
10.5.4 Product Portfolio
10.5.5 Business Performance
10.5.6 Major Strategic Moves and Developments
10.6 Quotezone Horse Insurance
10.6.1 Company Profile
10.6.2 Company Profile
10.6.3 Business segment operations
10.6.4 Product Portfolio
10.6.5 Performance
10.6.6 Major Strategic Moves and Developments
10.7 Pet Plan
10.7.1 Company Profile
10.7.2 Company Snapshot
10.7.3 Business segment operations
10.7.4 Product Portfolio
10.7.5 Business performance
10.7.6 Major Strategic Moves and Developments
10.8 ASPCA
10.8.1 Company Profile
10.8.2 Company Profile
10.8.3 Business segment operations
10.8.4 Product Portfolio
10.8.5 Performance
10.8.6 Major Strategic Moves and Developments
10.9 Nationwide
10.9.1 Company Profile
10.9.2 Company Snapshot
10.9.3 Business segment operations
10.9.4 Product Portfolio
10.9.5 Performance
10.9.6 Major Strategic Moves and Developments
10.10 Pet Guarantee
10.10.1 Company Profile
10.10.2 Company Profile
10.10.3 Business segment operations
10.10.4 Product Portfolio
10.10.5 Performance
10.10.6 Major Strategic Moves and Developments
10.11 Horrard
10.11.1 Company Profile
10.11.2 Company Profile
10.11.3 Business segment operations
10.11.4 Product Portfolio
10.11.5 Performance
10.11.6 Major Strategic Moves and Developments
10.12 One Insurance
10.12.1 Company Profile
10.12.2 Company Profile
10.12.3 Business segment operations
10.12.4 Product Portfolio
10.12.5 Performance
10.12.6 Key Strategic Moves and Developments
10.13 De Wet De Villiers Brokers
10.13.1 Company Profile
10.13.2 Company Profile
10.13.3 Business segment operations
10.13.4 Product Portfolio
10.13.5 Performance
10.13.6 Major Strategic Moves and Developments
10.14 Trusted Choice
10.14.1 Company Profile
10.14.2 Company Profile
10.14.3 Business segment operations
10.14.4 Product Portfolio
10.14.5 Performance
10.14.6 Major Strategic Moves and Developments
10.15 Broadstone Horse Insurance Agency
10.15.1 Company Profile
10.15.2 Company Snapshot
10.15.3 Business segment operations
10.15.4 Product Portfolio
10.15.5 Business Performance
10.15.6 Major Strategic Moves and Developments
10.16 Great American Insurance Group
10.16.1 Company Profile
10.16.2 Company Snapshot
10.16.3 Business segment operations
10.16.4 Product Portfolio
10.16.5 Business Performance
10.16.6 Major Strategic Moves and Developments
10.17 EPIC Insurance Brokers and Consultants
10.17.1 Company Profile
10.17.2 Company Snapshot
10.17.3 Business segment operations
10.17.4 Product Portfolio
10.17.5 Performance
10.17.6 Major Strategic Moves and Developments

Learn more about this report here

        

Leave a Comment