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 | Aug 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
Annual Growth 11-16
Annual Growth 16-21
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Employment ('000)
Industry Analysis & Industry Trends

The Global Insurance Brokers and Agencies industry has maintained growth throughout the five years to 2016. With countries like China offering opportunities for expansion, growth is expected to continue in the five years to 2021... read more

Industry Products

The Global Insurance Brokers and Agencies industry sells a myriad of insurance products on behalf of insurers to businesses, households, government agencies and other insurers. These insurance policies include commercial and personal property and casualty, health and medical and life and accident insurance, as well as annuity products. The industry also provides a variety of fee-based administrative and risk-management consulting services, predominately in developed insurance markets.

Commercial and personal P&C insurance

Commercial P&C insurance is expected to account for 12.1% of total industry revenue in 2016... 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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