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Global Insurance Brokers & Agencies: Market Research Report

Global Market Research • Global Market Size • Industry Statistics • Industry Analysis • Industry Trends

Global Insurance Brokers & Agencies Market Research Report | Jun 2016

The global economy presents its own set of opportunities and threats for businesses in a range of industries. IBISWorld’s Global Insurance Brokers & Agencies global market research report offers insightful industry analysis and research into the market at an international level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Forecast
Revenue
$433bn
Annual Growth 10-15
3.3%
Annual Growth 15-20
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Profit
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Employment ('000)
3,029
Businesses
1,304,000
Industry Analysis & Industry Trends

The Global Insurance Brokers and Agencies industry has maintained growth throughout the five years to 2014. With countries like China offering opportunities for expansion, growth is expected to continue in the five years to 2019... read more

Industry Analysis

Subdued demand and price conditions among primary insurance markets have tempered the performance of the Global Insurance Brokers and Agencies industry over the five-year period. For example, in the US market, the producer price index for insurance brokers and agencies is only anticipated to increase at an annualized rate of 0.6% in the five years to 2015, according to the latest available data from the Bureau of Labor Statistics and IBISWorld estimates; this reflects softening in underwriting prices, particularly in the first half of the five-year period. Fortunately for the industry, operators' efforts to boost the industry's attractiveness as an insurance distribution and purchasing channel have been successful in slowing these head winds... read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Global Insurance Brokers & Agencies Industry?

Industry participants act as brokers or agents in selling annuities and insurance policies. Brokers act on behalf of clients, whereas agents represent insurance companies. Insurance brokers and agents earn commission income that is calculated as a percentage of the premium of policies sold. They also earn some fee income for risk-management consulting and other value-added services, including insurance program administration.

Industry Products
Property and casualty - commercial linesProperty and casualty - personal linesHealth and medical insuranceLife and accident insuranceOther annuity and insuranceInsurance administration and consulting servicesOther insurance support services - third party administration
 
Industry Activities
Property and casualty insurance policy brokerageHealth and medical insurance brokerageLife and accident insurance brokerageReinsurance brokerage and administrationAnnuity brokerageRisk-management consulting


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