Industry Statistics and Trends
Activities Auxiliary to Insurance & Pension Funding in Europe key trends
Muted M&A activity weighs on revenue growth.
Brokers play a large role in facilitating M&A transactions, which have slowed considerably in recent years amid the elevated base rate environment.
Premiums rise amid inflationary pressures.
Insurers looking to cover claims costs that have risen in the inflationary environment have ratcheted up premiums, supporting broker fees and revenue growth.
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Activities Auxiliary to Insurance & Pension Funding in Europe
Industry Revenue
Total value and annual change from 2011-2029. Includes 5-year outlook.
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Activities Auxiliary to Insurance & Pension Funding in Europe market size (2019-2024)
Industry revenue has grown at a CAGR of 1.4 % over the past five years, to reach an estimated €139.5bn in 2024.
Trends and Insights
Muted merger and acquisition activity hits demand for insurance brokers
- M&A activity typically involves buying, selling, or merging companies, which can lead to healthier transaction volumes in financial markets. Brokers play a crucial role in facilitating these transactions.
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Activities Auxiliary to Insurance & Pension Funding in Europe outlook (2024-2029)
Market size is projected to grow over the next five years.
Natural disasters will become more frequent as global warming intensifies
- The growing threat of climate change will directly impact the insurance industry. According to the reinsurer Swiss Re, up to $183 billion (€168.6 billion) of premiums could be generated globally by 2040 due to climate change, supporting revenue growth.
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Revenue
€139.5bn
Employees
828k
Wages
€XX.Xbn
European Leaders & Laggards
Top 5 Countries
Bottom 5 Countries
* CAGR values are for the years 2019-2024.
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Biggest companies in the Activities Auxiliary to Insurance & Pension Funding in Europe
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Schroders plc | 3,922.6 | 1,172.5 | 29.9 | |
Marsh & McLennan Companies Inc | 21,432.4 | N/A | N/A | |
Aon plc | 12,012.4 | N/A | N/A |
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Activities Auxiliary to Insurance & Pension Funding in Europe
Products & Services Segmentation
Industry revenue broken down by key product and services lines.
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Top Questions Answered in this Report
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What is the market size of the Activities Auxiliary to Insurance & Pension Funding industry in Europe in 2024?
The market size of the Activities Auxiliary to Insurance & Pension Funding industry in Europe is €139.5bn in 2024.
How many businesses are there in the Activities Auxiliary to Insurance & Pension Funding in Europe industry in 2024?
There are 35,948 businesses in the Activities Auxiliary to Insurance & Pension Funding industry in Europe, which has grown at a CAGR of 0.0 % between 2019 and 2024.
Has the Activities Auxiliary to Insurance & Pension Funding industry in Europe grown or declined over the past 5 years?
The market size of the Activities Auxiliary to Insurance & Pension Funding industry in Europe has been growing at a CAGR of 1.4 % between 2019 and 2024.
What is the forecast growth of the Activities Auxiliary to Insurance & Pension Funding industry in Europe over the next 5 years?
Over the next five years, the Activities Auxiliary to Insurance & Pension Funding industry in Europe is expected to grow.
What does the Activities Auxiliary to Insurance & Pension Funding in Europe include?
Insurance brokers and Risk and damage evaluation services are part of the Activities Auxiliary to Insurance & Pension Funding industry.
How competitive is the Activities Auxiliary to Insurance & Pension Funding industry in Europe?
The level of competition is high and steady in the Activities Auxiliary to Insurance & Pension Funding industry in Europe.
Related Industries
This industry is covered in 37 countries
Table of Contents
About this industry
Industry definition
This industry involves acting as an agent in selling annuities and insurance policies or providing other employee benefits and insurance and pension-related services like claims adjustment and third-party administration.
Related Terms
UNDERWRITINGHARD MARKETPREMIUMWhat's included in this industry?
Insurance brokersRisk and damage evaluation servicesActuary servicesCompanies
Schroders plcMarsh & McLennan Companies IncAon plcIndustry Code
662 - Activities auxiliary to insurance and pension funding in Europe
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Performance
Key Takeaways
Muted merger and acquisition activity hits demand for insurance brokers
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Revenue Highlights
Trends
- Revenue
- 2024 Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue in the Activities Auxiliary to Insurance & Pension Funding in Europe industry (2011 -2029)
- Employees in the Activities Auxiliary to Insurance & Pension Funding in Europe industry (2011 -2029)
- Business in the Activities Auxiliary to Insurance & Pension Funding in Europe industry (2011 -2029)
- Profit in the Activities Auxiliary to Insurance & Pension Funding in Europe industry (2011 -2029)
Analysis
What's driving current industry performance in the Activities Auxiliary to Insurance & Pension Funding in Europe industry?
Outlook
Analysis
What's driving the Activities Auxiliary to Insurance & Pension Funding in Europe industry outlook?
Volatility
Analysis
What influences volatility in the Activities Auxiliary to Insurance & Pension Funding in Europe industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Activities Auxiliary to Insurance & Pension Funding in Europe industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Easing cost pressures support demand for brokers. Decelerating inflation in 2023 has allowed individuals and businesses to spend more on insurance coverage, lifting demand.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Activities Auxiliary to Insurance & Pension Funding in Europe industry's products and services performing?
Analysis
What are innovations in the Activities Auxiliary to Insurance & Pension Funding in Europe industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Activities Auxiliary to Insurance & Pension Funding in Europe industry?
International Trade
Highlights
- Total Imports into Europe
- Total Exports into Europe
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Revenue by Region (2024)
- Share of Total Industry Enterprises by Region (2024)
- Share of Total Industry Employment by Region (2024)
- Share of Total Industry Wages by Region (2024)
Industry Geographic Breakdown
Data Tables
Values and annual change provided for 37 European countries:
- Revenue (2024)
- IVA (2024)
- Enterprises (2024)
- Employment (2024)
- Exports (2024)
- Imports (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
Agility in adapting to digital innovation fuels market share concentration. Brokers embracing technology and customer-centric approaches gain an edge, consolidating market dominance through enhanced services and efficiency gains.
Supply Chain
Charts
Buyer and supply industries
Companies
Market Share
Charts
- Industry Market Share by Company (2019-2024)
Companies
Data Tables
Top 10 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit Margin (2024)
Data Tables
- Countries of operation for Schroders plc
- Countries of operation for Marsh & McLennan Companies Inc
- Countries of operation for Aon plc
- Countries of operation for Aon plc
- Countries of operation for Howden Group Holdings Ltd
- Countries of operation for The Ardonagh Group Ltd.
- Countries of operation for PIB Group Ltd
- Countries of operation for Diot Siaci Group
- Countries of operation for Ecclesia Group
- Countries of operation for UIB Holdings (UK) Ltd
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Stringent regulations shape the insurance broker landscape in Europe. Insurance brokers adhere to significant regulation such as the Solvency II Directive, which aims to ensure financial stability and the protection of policyholders.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Activities Auxiliary to Insurance & Pension Funding in Europe industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Claims inflation triggers premium hikes. To absorb rising claims costs amid the inflationary environment, insurers ratcheted up premiums, supporting revenue.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Activities Auxiliary to Insurance & Pension Funding in Europe industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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