’It’s encouraging to see record numbers of pet owners all over the UK take out insurance to help cover the cost of veterinary treatment,’ says senior policy advisor for general insurance
The number of pet insurance policies taken out by UK consumers reached an all-time high of 4.4m in 2023, according to the latest ABI data.
Last year’s record number of pet protection policies also saw claims payouts top the £1bn mark for the second consecutive year, reaching £1.2bn, with thousands of individual claims made across the industry every day.
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