Industry Analysis & Industry Trends
Operators' efforts to boost the Global Insurance Brokers and Agencies industry's attractiveness as an insurance distribution and purchasing channel have been successful in slowing any head winds over the five years to 2017. This trend and a rebound in demand since the height of the global economic crisis have been significant contributors to revenue growth. Over the next five years, the industry is anticipated to benefit from an improving business environment and rising prices for policies underwritten by primary insurance carriers. Downstream demand from the financial sector will drive the recovery in fees, as an improved economy and intensified regulations boosts the need for insurance products... read more
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 2017. Com.. read more