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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 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
$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 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 32.4% of total industry revenue in 2014... 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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