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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 2014

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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies globally and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Forecast
Revenue
$387bn
Annual Growth 09-14
4.1%
Annual Growth 14-19
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Profit
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Employment ('000)
2,731
Businesses
1,202,000
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 Investment

The Global Insurance Brokers and Agencies industry operates with a low level of capital intensity. IBISWorld estimates that for every $1.00 spent on wages, the industry will allocate $0.06 to capital investment. This 2014 value represents a slight increase from 2009, when the industry spent $0.05 in capital investment per wage dollar. Some of the largest industry participants have established extensive distribution networks, in which a large amount of capital has been invested. Such networks enable these industry participants to source solutions in various markets throughout the world. Alternatively, nonemployers typically have very limited funds available for capital expenditure, with many sole proprietors working from a small or mobile office and relying on standardized technology... 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
Commercial P&C insurancePersonal P&C insuranceHealth and medical insuranceLife and accident insuranceOther annuity and insuranceInsurance administration and risk consultingAnnuities
 
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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