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 Jul 01, 2015
31 pages — Published Jul 01, 2015
Price US$ 910.00  |  Buy this Report Now

About This Report

  
Abstract:

Rising insurance premiums and the strong consumer preference for purchasing insurance policies from brokers have been key drivers of industry revenue growth over the past five years. Insurance brokers provide advice and expertise to both commercial clients and private individuals, explaining the insurance process and matching the client to the most suitable product. Additionally, brokers benefit insurers as they can act as a distribution network and sales team. Strong insurance sales have led to increased commissions for the industry, with industry revenue expected to rise at an annualised 2.5% over the five years through 2015-16.

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 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
K6420
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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" Jul 01, 2015. Alacra Store. Dec 10, 2016. <http://www.alacrastore.com/storecontent/IBISWorld-Industry-Market-Research/Insurance-Brokerage-in-Australia-2042-3241>
  
APA:
IBISWorld Industry Market Research. (2015). Insurance Brokerage in Australia Jul 01, 2015. New York, NY: Alacra Store. Retrieved Dec 10, 2016 from <http://www.alacrastore.com/storecontent/IBISWorld-Industry-Market-Research/Insurance-Brokerage-in-Australia-2042-3241>
  
US$ 910.00
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