Insurance Agents & Brokers in the UK - IBISWorld Industry Market Research

Insurance Agents & Brokers in the UK

Insurance Agents & Brokers in the UK - IBISWorld Industry Market Research
Insurance Agents & Brokers in the UK
Published Jul 31, 2015
33 pages — Published Jul 31, 2015
Price US$ 875.00  |  Buy this Report Now

About This Report


The United Kingdom has been an important global hub for insurance since the 17th century. Today, the United Kingdom is one of the largest insurance centres in the world, only surpassed in size by Japan and the United States. Insurance agents and brokers act as intermediaries between clients and insurers. The main sources of competition for insurance brokers and agents are banks, financial advisors and underwriters, all of which circumvent agents, instead selling insurance directly to customers. Brokers and agents also provide risk management consulting and other value-added services to their clients for a fee.

This industry comprises companies that act as insurance intermediaries independent of insurance providers, either as agents on behalf of insurance providers or as brokers on behalf of a client. Industry participants earn commission, generally a percentage of the insurance premium sold. They also earn fees for providing risk management consulting, and claim assessment and adjustment services.

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.

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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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IBISWorld Industry Market Research. "Insurance Agents & Brokers in the UK" Jul 31, 2015. Alacra Store. Apr 23, 2018. <>
IBISWorld Industry Market Research. (2015). Insurance Agents & Brokers in the UK Jul 31, 2015. New York, NY: Alacra Store. Retrieved Apr 23, 2018 from <>
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