Insurance Brokerage in Australia - IBISWorld Industry Market Research

Insurance Brokerage in Australia

Insurance Brokerage in Australia - IBISWorld Industry Market Research
Insurance Brokerage in Australia
Published Dec 14, 2012
33 pages — Published Dec 14, 2012
Price US$ 970.00  |  Buy this Report Now

About This Report

  
Abstract:

The Insurance Brokerage industry is a vital player in the insurance market and is beneficial to both consumers and insurers. Insurance brokers provide impartial advice and expertise to consumers, both commercial and private, that want to purchase insurance. Brokers are able to explain the insurance process and match the client to the most suitable products. Brokers benefit insurers in that they act as a distribution network and sales team. Industry revenue depends on three things: policy pricing, demand for insurance and the popularity of agents and brokers as a medium for distributing and purchasing insurance.

This industry includes individuals and businesses that act primarily as agents or brokers in selling annuities and insurance policies. Industry participants earn commission income, mostly as a percentage of the premium of insurance policies sold. They also earn fee income for the provision of risk management consulting and claim assessment and adjustment services. Foreign-based insurance underwriters that mainly engage in insurance broking domestically are also included in this industry.

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
K7522
Country
Industry
Report Type
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. "Insurance Brokerage in Australia" Dec 14, 2012. Alacra Store. Dec 08, 2016. <http://www.alacrastore.com/storecontent/IBISWorld-Industry-Market-Research/Insurance-Brokerage-in-Australia-2042-1792>
  
APA:
IBISWorld Industry Market Research. (2012). Insurance Brokerage in Australia Dec 14, 2012. New York, NY: Alacra Store. Retrieved Dec 08, 2016 from <http://www.alacrastore.com/storecontent/IBISWorld-Industry-Market-Research/Insurance-Brokerage-in-Australia-2042-1792>
  
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