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
Starting a New Business
The Global Life Insurance Brokers and Agencies industry operates with medium barriers to entry; however, barriers can vary depending on the area a new entrant may target. It is relatively easy for a small player to enter the market, but to compete with the industry's major players, an entrant must possess a significant level of capital to develop brand awareness, a distribution network, a broad line of complementary insurance-related services and a client base.
In the reinsurance market, where concentration is higher, competing with the industry's dominant players is even more difficult. Large agency and brokerage firms are required to invest heavily in a distribution network in order to obtain a significant retail presence in a geographically well-distributed market... read more