Global Insurance Brokers & Agencies - IBISWorld Industry Market Research

Global Insurance Brokers & Agencies

Global Insurance Brokers & Agencies - IBISWorld Industry Market Research
Global Insurance Brokers & Agencies
Published Jan 20, 2015
32 pages — Published Jan 20, 2015
Price US$ 825.00  |  Buy this Report Now

About This Report

  
Abstract:

The Global Insurance Brokers and Agencies industry is a critical part of the insurance market, distributing policies and providing advisory services to insurance underwriters and consumers. Given the transaction-based nature of the industry, revenue primarily depends on three factors: policy pricing, demand for insurance and the popularity of using agents and brokers in the distribution process. Despite a softening insurance market in the beginning of the five-year period, operators' efforts to boost the industry's attractiveness as a purchasing channel have largely offset this trend.

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.

The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.

  
Source:
Document ID
J5711
Report Type
Global
Format:
PDF Adobe Acrobat
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IBISWorld Industry Market Research—IBISWorld is a leading strategic business information provider that offers comprehensive information on more than 700 US industries covering 4,000 individual product segments. They also provide global industry and industry risk rating reports covering Australia, the United Kingdom and China. IBISWorld data offers detailed analysis on growth trends, the competitive environment and key issues. Reports average 30 to 40 pages and contain figures; market characteristics; product, market and service segmentation; industry conditions, current and historical performance analysis; risk scores; industry participants and market share; factors to success; and 5-year forecasts with forecast analysis.

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Cite this Report

  
MLA:
IBISWorld Industry Market Research. "Global Insurance Brokers & Agencies" Jan 20, 2015. Alacra Store. Dec 05, 2016. <http://www.alacrastore.com/storecontent/IBISWorld-Industry-Market-Research/Global-Insurance-Brokers-Agencies-2042-148>
  
APA:
IBISWorld Industry Market Research. (2015). Global Insurance Brokers & Agencies Jan 20, 2015. New York, NY: Alacra Store. Retrieved Dec 05, 2016 from <http://www.alacrastore.com/storecontent/IBISWorld-Industry-Market-Research/Global-Insurance-Brokers-Agencies-2042-148>
  
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