PRESS RELEASE FOR IMMEDIATE RELEASE
12thMarch 2025
SEIB Insurance Brokers Ltd
For an image please follow this link - Gastric Ulcer pic
New research reveals Gastric ulcers as top cause of horse insurance claims
SEIB Insurance Brokers' have carried out a detailed analysis ofhorse insuranceclaims data to uncover the most common causes of claims by horse owners over the past five years*.
The research reveals that gastric ulcers are the most common causes of horse insurance claims - responsible for 11% of all horse insurance claims and just under two-thirds of colic and digestive disorder related claims (63%)
As well as being a common issue, and one that causes a great deal of discomfort for horses, gastric ulcers are also a potentially costly problem. Our analysis shows that ulcers are also the second-most expensive type of horse insurance claims, with almost half of claims (42%) costing over £3,000. And, unfortunately, with gastric ulcers having the potential to become a recurring issue, the ongoing costs can quickly mount up.
The second most common cause of horse insurance claims are injuries - such as visible wounds and fractures - that occur in the stable or field. This includes injuries caused by kicks, falls and violent means. This is followed in third place by injuries, such as wounds and fractures, caused when the horse is being ridden.
The most expensive Horse Insurance claims
SEIB's research reveals that the most expensive average claim is caused by degenerative disease or development disorder of a horse's forelimbs (i.e. front legs). Average costs for claims like this are over £3,000 with 17% of incidents exceeding £5,000 in vet costs - a huge potential financial burden for horse owners.
As well as being the most frequent type of claim, gastric ulcers also have the second most expensive average claim cost at £2,802, with 11% of incidents exceeding £5,000 in vet costs.
The third most expensive type of claim, with an average claim cost of just under £1,500 was visible wounds or fractures that occur in the stable or field. However, around 20% of these claims cost over £3,000.
SEIB's Equestrian Claims Manager, Donna Leavens, said: "Many horse owners don't anticipate the high costs associated with treating common issues like degenerative diseases or gastric ulcers until they're faced with a significant vet bill. This research highlights the potential costs of some of the most common issues. We hope it helps horse owners make informed decisions about their insurance needs and encourages preventive measures to ensure their horses' well-being."
Full details of the research can be found here:https://www.seib.co.uk/2025/03/11/new-research-reveals-gastric-ulcers-as-top-cause-of-horse-insurance-claims/
About SEIB
SEIB Insurance Brokers have been providing insurance for Horses for over 60 years. They provide a flexible range of policies to suit your needs. Their experienced team of horse owners can help provide you with advice on what cover you might need.
*Data used is based on SEIB Insurance Brokers' horse insurance claims records from 2020 to 2024.
ENDS
Notes to Editors
Photo - Scope image of gastric ulcers provided by Paton & Lee Equine Veterinary Surgery.
For further press information please contact Jenny Vinerjenny@jennyviner.com.
About SEIB Insurance Brokers LTD:
- SEIB Insurance Brokers LTD was founded in 1963 and are proudly part of the Benefact Group.
- SEIB Insurance Brokers is a national company, specialising in various markets such as equine, funeral and private hire.
- Giving is embedded in the culture of SEIB Insurance Brokers and the company has always been committed to supporting good causes.
To find out more about SEIB Insurance Brokers Ltd and the policies it offers please visitwww.seib.co.ukor call 01708 850000.
About Benefact Group
- Benefact Group is an independent, specialist financial services group that exists to give all its available profits to charity.
- Owned by a registered charity, Benefact Trust, Benefact Group's family of businesses provide specialist insurance, investment management and broking and advisory services in the UK, Australia, Canada and Ireland.
- Benefact Group is the third-largest corporate donor to charity in the UK, according to the UK Guide to Company Giving 2023/24. It has donated over £200m to charity since 2014 and is aiming to reach its target of giving £250m by 2025.
Find out more about Benefact Group here -www.benefactgroup.com