Europe Equine Insurance Market to Reach US$ 2.22 Bn by 2035 at 8.5% CAGR | Transparency Market Research

Europe equine insurance market grows with tailored coverage for horse owners, breeders & businesses, addressing risks in ownership & management.

WILMINGTON, DE, UNITED STATES, September 2, 2025 /EINPresswire.com/ -- The Europe equine insurance market is witnessing rapid growth as horse owners, breeders, and equestrian businesses increasingly seek comprehensive risk management solutions. Valued at US$ 915.9 Mn in 2024, the industry is projected to grow at a CAGR of 8.5% from 2025 to 2035, reaching US$ 2223.3 Mn by the end of 2035. This strong momentum is driven by the rising economic value of horses, increasing veterinary expenses, digitalization of insurance platforms, and evolving equestrian culture across Europe.

Introduction: Equine insurance is a niche yet highly important segment of the livestock and specialty insurance market. It safeguards horse owners against diverse risks such as mortality, illness, theft, liability, infertility, and loss of use, among others. With Europe’s deep-rooted equestrian heritage and thriving horse racing and breeding industry, demand for equine insurance is accelerating. The industry not only provides financial protection but also reinforces sustainability and welfare standards across the equestrian ecosystem.

Key Drivers of Market Growth

1. High Value of Horses
Elite horses for racing, dressage, breeding, and show jumping often command prices in the hundreds of thousands of euros. With such high financial stakes, insurance against accidental death, illness, or theft is essential. Owners in the U.K., France, and Germany are particularly active in securing comprehensive coverage.
2. Rising Veterinary Costs
Equine veterinary care is becoming increasingly sophisticated, involving advanced diagnostic imaging, surgeries, and long-term therapies. These services often cost thousands of euros, driving demand for major medical and surgical expense coverage.
3. Mortality Insurance as the Core Product
Mortality insurance dominates the market, serving as the foundation upon which other coverage options—such as liability and infertility insurance—are added.
4. Digital Transformation
Insurers are leveraging digital platforms for online policy issuance, claims management, and customer engagement, improving efficiency and accessibility for clients.

Access key findings and insights from our Report in this sample – https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=86180

Key Players and Industry Leaders

The Europe equine insurance market is highly competitive, with both global insurers and regional specialists expanding their service offerings. Leading companies include:
• Agria Pet Insurance Ltd.
• AXA XL (Axa S.A.)
• C. Jarvis Insurance
• Canopius
• E&L (Equine and Livestock) Insurance
• KBIS British Equestrian Insurance
• Markel
• NFU Mutual
• Petplan Equine
• Taylor, Harris Insurance Services
These players are investing in strategic partnerships, tailored insurance packages, and geographic expansion to secure a larger market share.

Recent Developments

• October 2024: Agria Pet Insurance partnered with British Equestrian to promote welfare, wellbeing, and sustainability in equestrian sports. The collaboration emphasizes best practices aligned with British Equestrian’s Charter for the Horse.
• November 2023: Agria expanded into Germany, introducing digital veterinary guidance and equine insurance services in partnership with the German Equestrian Federation.
• Ongoing Industry Trend: Insurers are embracing AI-powered risk assessment tools, helping them customize coverage and streamline claims.

Market Opportunities and Challenges

Opportunities
• Specialized Coverage Expansion: Growing demand for niche products such as infertility insurance, liability policies, and rider insurance.
• Digital Engagement: Online platforms create opportunities for insurers to engage customers, simplify claims, and boost transparency.
• Cross-border Partnerships: Collaborations with equestrian associations and federations open new markets.
Challenges
• Pricing Pressures: Rising competition is driving insurers to innovate and differentiate their offerings while managing costs.
• Regulatory Compliance: Insurers must remain agile to adapt to evolving European insurance regulations.
• Awareness Gaps: Some recreational horse owners still lack awareness about the benefits of equine insurance, requiring targeted educational efforts.

Latest Market Trends

• Sustainability and Welfare Focus: Insurers are increasingly tying products to horse welfare and sustainability programs.
• Digital Veterinary Guidance: Partnerships with veterinary networks for telehealth and guidance services are gaining traction.
• Event-Linked Coverage: Insurance packages tailored for racing and equestrian events are becoming more popular.
• Hybrid Distribution Channels: While traditional agents and brokers remain key, online sales are rapidly growing, especially among younger owners.

Future Outlook

Analysts forecast strong growth through 2035, fueled by rising investments in equestrian sports, growing pet and animal insurance adoption, and advanced medical treatments that necessitate coverage. The U.K. will remain the largest market, while Germany, France, and Spain will experience robust expansion.
Digitization is expected to reshape the industry, with AI-driven claims, blockchain-backed transparency, and user-friendly apps becoming standard. Equine insurance will increasingly be seen as not just financial protection but also as a value-added ecosystem for equestrian health, performance, and welfare.

Market Segmentation

By Insurance Type:
• Mortality
• Major Medical/Surgical
• Loss of Use
• Theft and Straying Insurance
• Breeding Infertility
• Public Liability
• Rider/Personal Insurance
• Others (Specified Perils, etc.)

By Life Stage:
• Up to 4 Years Old
• 5–15 Years Old
• 16–19 Years Old
• Above 20 Years Old

By Mode of Operation:
• Online
• Offline (Agents, Brokers, Financial Institutions)

By End-Use:
• Personal/Individual
• Commercial

Regional Insights

• United Kingdom: The largest market, fueled by a strong horse racing culture and major events such as the Grand National and Royal Ascot. Specialized insurance services are highly developed here.
• Germany: A growing hub due to the increasing number of high-value horses and Agria’s market expansion.
• France: Strong demand from breeding and competition sectors, with government-backed welfare initiatives further supporting growth.
• Italy & Spain: Emerging markets with growing equestrian sports culture, showing significant growth potential.
• Rest of Europe: Includes countries with smaller but expanding equine communities adopting modern insurance solutions.

Why Buy This Report?

• Comprehensive Coverage: Detailed insights into market size, growth drivers, restraints, and opportunities.
• Competitive Landscape: In-depth profiles of leading companies shaping the market.
• Future-Proof Analysis: Forecasts up to 2035 with CAGR projections and trend analysis.
• Regional Breakdown: Country-level insights to identify growth hotspots.
• Strategic Value: Helps insurers, investors, and equestrian stakeholders make informed decisions.
• Customization Available: Tailored research scope to suit business needs.

Browse More Trending Research Reports:

Term Insurance Market: https://www.transparencymarketresearch.com/term-insurance-market.html
B2B2C Insurance Market: https://www.transparencymarketresearch.com/b2b2c-insurance-market.html
Marine Insurance Market: https://www.transparencymarketresearch.com/marine-insurance-market.html
Cargo Insurance Market: https://www.transparencymarketresearch.com/cargo-insurance-market.html
B2B2C General Insurance Market: https://www.transparencymarketresearch.com/b2b2c-general-insurance-market.html
Personal Gadget Insurance Market: https://www.transparencymarketresearch.com/personal-gadget-insurance-market.html
Europe Window Blinds Market: https://www.transparencymarketresearch.com/europe-window-blinds-market.html
Online Dating Services Market: https://www.transparencymarketresearch.com/online-dating-services-market-report.html
Spiritual Services Market: https://www.transparencymarketresearch.com/spiritual-services-market.html
Tissue Paper Market for Residential Use: https://www.transparencymarketresearch.com/tissue-paper-market-for-residential-use.html
Europe Roller Shades or Blinds Market: https://www.transparencymarketresearch.com/europe-roller-shades-or-blinds-market.html
Healing/Wellness Retreat Market: https://www.transparencymarketresearch.com/wellness-retreat-market.html
Aqua Gym Equipment Market: https://www.transparencymarketresearch.com/aqua-gym-equipment-market.html
Bleisure Travel Market: https://www.transparencymarketresearch.com/bleisure-travel-market.html
Europe Insect Screen Market: https://www.transparencymarketresearch.com/europe-insect-screen-market.html
Livestream E-Commerce Market: https://www.transparencymarketresearch.com/livestream-e-commerce-market.html
Spiritual and Wellness Products Market: https://www.transparencymarketresearch.com/spiritual-and-wellness-products-market.html
Outdoor Furniture Market: https://www.transparencymarketresearch.com/outdoor-furniture-market.html

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact:

Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Email: sales@transparencymarketresearch.com
Follow Us: LinkedIn| Twitter| Blog | YouTube

Atil Chaudhari
Transparency Market Research Inc.
+1 518-618-1030
email us here
Visit us on social media:
LinkedIn
Instagram
YouTube
X

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.