Industry Analysis & Industry Trends
Online insurance brokers have benefited in part from an increasing percentage of services conducted online and in part from the economic recession. The majority of insurance policies are now initiated online; however, most are still completed using an agent. The potential to convert more consumers to completing the purchase online points to stronger growth during the next five years. Accelerated revenue growth will be fostered by further consumer movement to online services, the improving economy and healthcare reform.... purchase to read more
Industry Report - Industry Locations Chapter
The geographic distribution of industry operators is highly correlated with domestic population trends, given the average enterprise's small size and reliance on a relatively small geographic area for revenue. Consequently, the Southeast and Great Lakes regions account for the majority of the Online Insurance Brokers industry's establishments.
In 2014, the Southeast region is anticipated to account for 24.7% of total industry establishments, which is very similar to its 25.4% share of the domestic population... purchase to read more