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Pet insurance claims reach an all-time high

Statistics from Altmetric.com

By Matthew Limb

The number of pet insurance claims has exceeded one million in a year for the first time, according to figures released by the Association of British Insurers (ABI).

Pet insurers paid out £775 million in claims in 2017, the highest yet recorded, representing a 10 per cent year-on-year increase.

The average claim hit a ‘new peak’ of £757, compared with an average annual insurance premium of £324 for dogs and £171 for cats.

Average claim payouts have risen by 56 per cent since 2010, according to the ABI, which aggregated data from 14 different insurance firms.

The insurance industry body said the number of households with pet insurance had risen by 11 per cent to 3.7 million, but this still left 12.4 million cat and dog owners uninsured.

Joseph Ahern, an ABI policy adviser, said: ‘It’s good to see the number of pets being insured growing …

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