Pet insurers are to form an industry forum under the auspices of the ABI to tackle rising vets fees and fraud in the pet market.
The body will liaise with organisations such as the Royal College of Veterinary Surgeons.
One pet insurer said: "If you look at the difference in claims frequency and cost of the average claim there has to be pockets of suspicion where there is a mark-up on cost of treatment or vets are over treating."
Average claims throughout the UK vary from £300 to nearly £500, far higher than the relative cost of living.
Another insurer added: "Some vets will see an insured animal come into their practice and see pound signs in their eyes."
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
