Overview

IBISWorld’s Procurement Research Reports cover thousands of indirect purchasing lines. Our data and analysis help you strategically engage and negotiate with suppliers and give you the credibility to work with internal stakeholders and executives. IBISWorld’s Building & Contents Insurance procurement research provides price trends and forecasts, supplier benchmarks and negotiation questions all intended to give your company leverage during the sourcing process.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard
REPORT SNAPSHOT

Building & Contents Insurance - Recent Price Trend

In the three years to 2017, the price of building and contents insurance has been growing at an estimated annualized rate of 1.8%. This price growth has primarily come on the back of increasing demand and rising overhead costs. Fortunately for buyers, however, strong competition among providers has helped slow the rate at which prices have been increasing.During the past three years, demand for...

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Building & Contents Insurance - Total Cost of Ownership

Total cost of ownership for building and contents insurance is low. Buyers should expect to spend less than 50.0% of the value of the annual insurance premium in additional costs. This low total cost of ownership benefits buyers because it makes it easier for them to budget for purchases.Buyers must consider acquisition costs for insurance coverage. Depending on the buyer’s size and type of...

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About this Report

This report is intended to assist buyers of building and contents insurance, sometimes referred to as property insurance. Policies in this market insure a business's physical assets, including the building itself, furniture, equipment, inventory, landscaping and outdoor signage. These assets are typically insured in the event of damage, a natural disaster, loss or theft. Suppliers in this market include direct insurance carriers, agents and brokers, while buyers range from commercial and industrial businesses to retailers, government agencies and educational institutions. This report focuses on commercial insurance policies and excludes consumer insurance, such as homeowner’s insurance and any insurance coverage for personal property.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Regulation
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
  Imports
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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