A statistic that will surprise some but not all

General insurance covers such a broad range of products it is extremely difficult, if not impossible, to be across them all.

One product that has taken off and is often seen being advertised on television is Pet Insurance.

A recent government report highlighted the concentration by 1 insurer in this space. Clearly they do it well and many brands are with partners they have selected as being credible.

With this background you can understand why I was nearly going to title this post – “Pet Insurance – more brands than a dog has fleas!” 🙂

The purpose of this note is to make sure people are aware that while they be shopping around and thinking they are looking at different insurers and or product offerings, they may well not be.

LMI PolicyComparison.com does have a comprehensive comparison of the features of benefits in this class for subscribers to the service as they do 20 plus classes of general insurance. Meanwhile LMI ClaimsComparison.com compares the claims service which along with the features and benefits of the policy should be considered with any insurance purchase, rather than just making the buying decision on price alone.

The table below shows who owns what brands and the source of the information.  Being buried so far into the report, is one of the reasons I thought it worth sharing the information.

I would also add that I know from PolicyComparison.com that RAC have a product as well that is underwritten by RACQ while Pet Cover is a second brand underwritten by MS Amlin Syndicate 2001 at Lloyd’s.