Pet care industry reports growth

As loving pet owners most of us recognise that the care and maintenance of our adored animals costs money.

And as articles revealing a growing number of pets being abandoned by their cash-strapped owners seem to be on the increase in the media, the news that a global leader in pet insurance has confirmed a significant increase in the numbers of responsible pet owners taking out insurance policies on their domestic animals has been met by animal lovers across the world with much relief.

Allianz UK confirmed that its Petplan venture had taken £200million in the last year alone in pet insurance premiums, whilst awarding claims of more than £1million per week. Petplan is a specialist in insurance for domestic pets, and was one of the earliest pet insurers to enter the UK market more than 30 years ago.

The company revealed that their move to make pet insurance available online has encouraged major growth in the pet insurance industry overall.

So it s seems that in increasingly a difficult economic situation, we are still prepared to spend our hard earned cash on our pets.

A leading retailer of pet products and accessories, Pets At Home also confirmed that its revenue has risen twofold over the last 12 months, with much of its income gained from the growing success of its organic pet food produce.

Their commercial director commented recently:-

“People spend more money than ever on their pets, whether that is on better quality food, healthcare, insurance, accessories and even fashion.”

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RSS Trackback URL 17. September 2008 (12:11)
Filed under: Cats, Dogs, General, Horses, Rabbits

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