Global Equestrian Insurance Market Overview:
Equestrian insurance is the insurance policy for the horse industry providing various plans and coverage for the horse industry. It protects against the uncertain expenses which might affect the horses, farms and equestrian professionals, and others associated with it. The equestrian insurance is used by horse farms, horse industry associations, rodeos, equestrian professionals, clubs, and shows associated horse industry. Some of the players profiled in the study are Kay Cassell Equine Insurance (United States, Allen Financial Insurance Group (United States), Madden Equine Insurance (United States), Wright Group Brokers Ltd (United States), KBIS British Equestrian Insurance, Philip Baker Insurance Services (United States), Equestrian Group (United Kingdom), AXA XL (France), Markel Corporation (United States), American Equine Insurance Group (United States), MS Amlin (United Kingdom) and Henry Equestrian Plan MGA (Canada).
On the basis of geography, the market of Equestrian Insurance has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution, the sub-segment i.e. Online will boost the Equestrian Insurance market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Equestrian Association will boost the Equestrian Insurance market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Growing Horse Owners Around the World
- Need for Insuring the Horse's Health and Expenses Associated with them
- The popularity of Major Medical Insurance Coverage in Equestrian Insurance
- High-Cost Investment in the Premium Involved with Equestrian Insurance
- Surging Demand for the Equestrian Insurance Among the Horse Associations and Farms
- Stiff Competition in the Equestrian Insurance Market and Regulatory Guidelines Associated with Equestrian Insurance
Key Market Developments:
On 5th February 2020, US Equestrian Launches New Guaranteed Insurance Benefits Program for Members. US Equestrian announced this week that it has added new customized health coverage options for your individual and small business needs including short-term medical, accident, critical illness, hospital, short and long-term disability, dental, and vision.
On 13th January 2020, MS Amlin, the London-based re/insurer, announced the launch of David Ashby Underwriting Ltd (DAU), a specialist equine MGA. MS Amlin will serve as lead underwriter for the MGA and provide 50% of capacity for DAU through a joint venture with specialist insurer Hiscox, which provides the other 50% of capacity.
Equestrian Insurance Providers, Equestrian Insurance Distributors, Equestrian Insurance Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Equestrian Insurance market on the basis of product [Major Medical Insurance, Surgery Insurance, Full Mortality Insurance, Limited Mortality Insurance, Loss of Use Insurance and Personal Liability Insurance] , application [Personal and Commercial], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Equestrian Insurance market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Equestrian Insurance industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Equestrian Insurance market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.