Equestrian Insurance Claims Market Report 2025 (Global Edition)

Global Equestrian Insurance Claims Market Report 2025 Market Size Split by Type (Mortality, Major Medical & Surgical, Loss of Use, Liability, Others), by Horse Type (American Quarter Horse, Arabian, T...

Equestrian Insurance Claims Market Report Description

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Equestrian Insurance Claims Market Insights Video

Competitive Landscape of the Equestrian Insurance Claims Market

The competitive landscape section also contains important development strategies, market share, and market ranking analysis for the aforementioned competitors worldwide. The study also examines recent mergers and acquisitions, collaborations, joint ventures, and partnerships among the market's leading competitors. Furthermore, the research includes a detailed analysis of the market's major players' product portfolios, geographical presence, and R&D investments.

In March 2022, NFU Mutual proposes to build a speculative £34 million shed in Staffordshire. Work on the shed has now begun. The shed was sold to Valor for £50 million in April 2022.

(Source: https://en.wikipedia.org/wiki/NFU_Mutual)

February 2023, Axa S.A. sold a 7.94 % share in Banca Monte dei Paschi di Siena (MPS) to institutional investors. The bundle included about 100,000,000 MPS shares at €2.33 ($2.5) each, for a total transaction value of €233 million ($250 million). Axa held 0.0007% of the Italian bank's capital.

(Source: https://en.wikipedia.org/wiki/Axa)

Top Companies Market Share in Equestrian Insurance Claims Industry: (In no particular order of Rank)

• NFU Mutual
• AXA SA
• Nationwide Mutual Insurance Company
• American Equine Insurance Group
• Aviva
• KBIS British Equestrian Insurance
• Markel Corporation
• Equine Group
• Kay Cassell Equine Insurance
• Hare
• Chase & Heckman
• Madden Equine Insurance
• China Pacific Insurance (Group) Co
• Confidential Data
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Equestrian Insurance Claims Market

Which Region Dominates the Equestrian Insurance Claims Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. The region has a significant percentage of horse owners, and the demand for equestrian insurance is growing. The rising cost of horse ownership, the expanding popularity of equestrian sports, and increased awareness of the necessity for insurance coverage are the primary growth drivers in this industry. Horse ownership is becoming more expensive as feed, veterinarian care, and other expenses rise. This is encouraging more people to get equestrian insurance to protect their investments.

Which Region is Expanding at the Fastest CAGR?

The Asia Pacific region is seeing substantial expansion in the Equestrian Insurance Claims market for a variety of factors. For instance, equestrian sports and activities have become more popular in nations such as China, India, and Australia, increasing need for insurance coverage. As more individuals engage in horse-related activities, the need for accident and injury prevention grows critical. Additionally, the Asia Pacific region has seen an increase in equestrian tourism, attracting both domestic and foreign visitors. This flood of tourists partaking in horse-related activities has increased the demand for insurance coverage to protect against unanticipated events.

The current report Scope analyzes Equestrian Insurance Claims Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Equestrian Insurance Claims

According to Cognitive Market Research, the global Equestrian Insurance Claims market size was estimated at USD XX Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.5% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Equestrian Insurance Claims market with a market size of USD XX million in 2024 and is projected to grow at a CAGR of 11.3% during the forecast period. Due to expanding popularity of equestrian sports, and increased awareness of the importance of insurance coverage
• The Canada Equestrian Insurance Claims market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 12.3% during the forecast period. The primary driver of growth is the rising cost of horse ownership in this region
• The Mexico Equestrian Insurance Claims market is projected to witness growth at a CAGR of 6.7% during the forecast period with a market size of USD 12.0 million in 2024.

Europe Equestrian Insurance Claims

According to Cognitive Market Research, the global Equestrian Insurance Claims market size was estimated at USD XX Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.8% from 2024 to 2031.

• The United Kingdom Equestrian Insurance Claims market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 12.6% during the forecast period. In the UK, Equestrian Insurance Claims sales witness an upswing due to the growing demand for specialized insurance products.
• The France Equestrian Insurance Claims market is projected to witness growth at a CAGR of 11.0% during the forecast period with a market size of USD XX million in 2024.
• According to Cognitive Market Research, the Germany Equestrian Insurance Claims market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 12.0% during the forecast period. In Germany, Equestrian Insurance Claims sales surge due to rising expense of horse ownership, and the expanding appeal of equestrian sports.
• The Italy Equestrian Insurance Claims market is projected to witness growth at a CAGR of 11.2% during the forecast period with a market size of USD XX million in 2024.
• The Russia Equestrian Insurance Claims market is projected to witness growth at a CAGR of 10.8% during the forecast period with a market size of USD XX million in 2024.
• The Spain Equestrian Insurance Claims market is projected to witness growth at a CAGR of 10.9% during the forecast period with a market size of USD XX million in 2024
• The Luxembourg Equestrian Insurance Claims market is projected to witness growth at a CAGR of 11.9% during the forecast period with a market size of USD XX million in 2024.
• The Portugal Equestrian Insurance Claims market is projected to witness growth at a CAGR of 11.6% during the forecast period with a market size of USD XX million in 2024.
• The Greece Equestrian Insurance Claims market is projected to witness growth at a CAGR of 12.1% during the forecast period with a market size of USD XX million in 2024.
• Rest of Europe Equestrian Insurance Claims market is projected to witness growth at a CAGR of 10.5% during the forecast period with a market size of USD XX million in 2024.

Asia Pacific Equestrian Insurance Claims

According to Cognitive Market Research, the global Equestrian Insurance Claims market size was estimated at USD XX Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.3% from 2024 to 2031.

• According to Cognitive Market Research, the China Equestrian Insurance Claims market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 14.8% during the forecast period. Equestrian Insurance Claims sales surge in China due to the rising expense of equestrian activities.
• The Japan Equestrian Insurance Claims market is projected to witness growth at a CAGR of 13.8% during the forecast period with a market size of USD XX million in 2024.
• The India Equestrian Insurance Claims market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 17.1% during the forecast period. Increase in the number of equestrian events and competitions, and a growing awareness of the significance of equestrian insurance are all driving regional expansion.
• The South Korea Equestrian Insurance Claims market is projected to witness growth at a CAGR of 14.4% during the forecast period with a market size of USD XX million in 2024.
• The Australia Equestrian Insurance Claims market is projected to witness growth at a CAGR of 15.0% during the forecast period with a market size of USD XX million in 2024.
• The South East Asia Equestrian Insurance Claims market is projected to witness growth at a CAGR of 16.3% during the forecast period with a market size of USD XX million in 2024.
• The Rest of Asia Pacific Equestrian Insurance Claims market is projected to witness growth at a CAGR of 15.1% during the forecast period with a market size of USD XX million in 2024.

South America Equestrian Insurance Claims

According to Cognitive Market Research, the global Equestrian Insurance Claims market size was estimated at USD XX Million out of which Latin America market of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.7% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Equestrian Insurance Claims market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 13.3% during the forecast period. Equestrian Insurance Claims sales flourish in Brazil due to increasing the number of equestrian-related enterprises in the region.
• Argentina Equestrian Insurance Claims market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 13.6% during the forecast period. The growing popularity of equestrian sports in the region
• Colombia Equestrian Insurance Claims market is projected to witness growth at a CAGR of 12.5% during the forecast period with a market size of USD XX million in 2024.
• Peru Equestrian Insurance Claims market is projected to witness growth at a CAGR of 12.9% during the forecast period with a market size of USD XX million in 2024.
• Chile Equestrian Insurance Claims market is projected to witness growth at a CAGR of 13.0% during the forecast period with a market size of USD XX million in 2024.
• The Rest of Latin America Equestrian Insurance Claims market is projected to witness growth at a CAGR of 11.8% during the forecast period with a market size of USD XX million in 2024.

Middle East Equestrian Insurance Claims

According to Cognitive Market Research, the global Equestrian Insurance Claims market size was estimated at USD XX Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.0% from 2024 to 2031.

• The GCC Countries Equestrian Insurance Claims market is projected to witness growth at a CAGR of 8.5% during the forecast period with a market size of USD XX million in 2024. Equestrian Insurance Claims sales flourish due to rising disposable income
• The Egypt Equestrian Insurance Claims market is projected to witness growth at a CAGR of 13.3% during the forecast period with a market size of USD 26.29 million in 2024.
• The South Africa Equestrian Insurance Claims market is projected to witness growth at a CAGR of 14.0% during the forecast period with a market size of USD XX million in 2024. Equestrian Insurance Claims sales flourish in the South Africa due to huge number of equestrian events, and relative political stability.
• The Turkey Equestrian Insurance Claims market is projected to witness growth at a CAGR of 12.5% during the forecast period with a market size of USD XX million in 2024.
• The Nigeria Equestrian Insurance Claims market is projected to witness growth at a CAGR of 12.1% during the forecast period with a market size of USD XX million in 2024.
• The Rest of MEA Equestrian Insurance Claims market is projected to witness growth at a CAGR of 12.0% during the forecast period with a market size of USD XX million in 2024.

Equestrian Insurance Claims Market Analysis

Equestrian Insurance Claims Market Type Segment Analysis

According to Cognitive Market Research, the mortality category dominated the equestrian insurance claims market. The need for mortality insurance has increased dramatically in recent years as the number of horse racing championships throughout the world has grown. Mortality insurance provides many benefits to its owner, such as helping to cover the costs of the horse's death, euthanasia, or theft, as indicated in the policy.

The liability sector is the fastest expanding in the industry. Liability covers the costs if someone else is injured while in your care or on your property, or if you suffer medical bills or file a lawsuit as a result of a horse-related activity. This coverage is intended to protect your finances and provide peace of mind during uncertain times.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Equestrian Insurance Claims Industry. Request a Free Sample PDF!

Equestrian Insurance Claims Market Horse Type Category Segment Analysis

According to Cognitive Market Research, The American Quarter Horse dominates the equestrian insurance claims market with the largest market share. The American Quarter Horse is the top breed in the United States, and the American Quarter Horse Association oversees the largest breed registration globally, with approximately three million registered living American Quarter Horses. The American Quarter Horse is famous for its speed in racing and its skill in rodeos, horse shows, and as a ranch horse. The increased need and extensive use lead to a greater number of insurance claims associated with these animals.

The Arabian horse breed is a fastest-growing section of the equestrian insurance claims industry. The Arabian is a multifaceted breed. Arabians lead endurance riding and are now competing in a variety of other equestrian sports. They are one of the top ten most popular horse breeds worldwide. They are now found worldwide, including the United States and Canada, the United Kingdom, Australia, continental Europe, South America, and their country of origin, the Middle East.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Equestrian Insurance Claims Application Segment Analysis

According to Cognitive Market Research, Commercial is the market's dominant segment. Commercial equestrian insurance is intended for companies that conduct horse-related activities, such as coaching schools, riding stables, breeding farms, and other similar commercial organizations. This sort of insurance helps to safeguard commercial operations from the potential dangers of dealing with horses, such as bodily harm or third-party property damage. This covers medical coverage for both the horse and the rider, financial loss protection in the event of an accident, and third-party liability insurance.

The recreational category is the market's fastest growing section. Recreational equestrian insurance protects riders, owners, and trainers who use horses for recreational activities such as show jumping, dressage, competitive events, and trail riding. It provides a variety of bonded and non-bonded coverage alternatives tailored to the risks connected with equestrian activities. This form of insurance is frequently sold as a bundle that includes medical and liability coverage, as well as other rider insurance features.

• Recreational
• Commercial

Equestrian Insurance Claims Sales Segment Analysis

According to Cognitive Market Research, the agency segment has the biggest market share in the Equestrian Insurance Claims market. Insurance companies are essential in linking horse owners, riders, and equestrian centers with insurance providers. They serve as middlemen, guiding clients through the different insurance choices and aiding in the claims procedure. Because of their broad connections and knowledge in the equestrian insurance sector, agencies hold a considerable market share.

The direct response segment is experiencing fast growth in the Equestrian Insurance Claims market. Direct response insurance providers sell insurance directly to customers without using intermediaries such as agents or brokers. This part has become more popular because it is convenient and easy to access. Customers have the convenience of researching, comparing, and buying insurance policies online or through alternative direct channels.

• Broker
• Agency
• Direct Response
• Others

Author's Detail

Swasti Dharmadhikari

Research associate at Cognitive Market Research

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Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.

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