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Horse Insurance Market Share

Report ID: GMI10059
Published Date: Jun 2024
Report Format: PDF

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Horse Insurance Market Share

Markel Corporation and Axa S.A. hold a significant share of over 10% in the market. The horse insurance industry is competitive with various providers offering specialized products and services. Established companies, such as Markel Corporation, AXA Group, and Lloyd's of London, dominate the global market with comprehensive insurance solutions. They attract high-value clients, including elite racehorses and competitive sport horses, due to their strong financial backing, global reach, and risk assessment expertise.

Emerging players such a Quotezone Limited, The Insurance Emporium Limited, and Pet Assure, LLC are gaining market traction by offering affordable insurance for recreational riders and pet owners. They differentiate themselves through innovative digital platforms, flexible policy terms, and personalized customer services. The horse insurance market is shaped by regulatory compliance, technological advancements, and evolving consumer preferences for sustainable & ethical practices. These players continuously innovate and adapt to maintain their competitive edge.

Horse Insurance Market Companies

Major players operating in the Horse Insurance industry are:

Markel Corporation
Axa S.A.
Nationwide Mutual Insurance Company
Lloyd's of London
Great American Insurance Group
Chubb Limited
Liberty Mutual Insurance Company

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size of horse insurance reached USD 550.9 million in 2023 and is set to witness over 10% CAGR from 2024 to 2032, owing to the major international sporting events involving horses, such as the Olympics or prestigious horse races worldwide.

Horse insurance industry from the mortality segment held 40% share in 2023, due to being crucial for horse owners and stakeholders as it protects their financial investments in their animals.

North America market held over 35% share in 2023, attributed to strong equestrian culture and high participation levels in various sports in the region.

Markel Corporation, Axa S.A., Nationwide Mutual Insurance Company, Lloyd's of London, Great American Insurance Group, Chubb Limited, and Liberty Mutual Insurance Company, are some of the major horse insurance companies worldwide.