Insurance Brokerage Market By Insurance Type (Life Insurance and Property & Casualty Insurance), and Brokerage Type (Retail Brokerage and Wholesale Brokerage): Global Opportunity Analysis and Industry Forecast, 2020–2027
- ALL4220414
- 278 Pages
- February 2021
- BFSI
Increased demand for insurance policies, integration of IT & analytic solutions, and providing professional solutions and services are the major factors that drive the growth of the global insurance brokerage market. Moreover, direct purchases of insurance policies by customers and massive availability of alternative platforms for purchasing insurance policy hamper the growth of the market. Furthermore, implementation of technologies in existing products and service lines and government initiatives regarding insurance policies are expected to provide lucrative opportunity for the market expansion during the forecast period.
The global insurance brokerage market is segmented on the basis of insurance type, brokerage type, and region. In terms of types, it is fragmented into life insurance and P&C insurance. Depending on brokerage type, it is bifurcated into retail brokerage and wholesale brokerage. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the insurance brokerage market report are Acrisure, LLC, Aon plc, Brown & Brown, Inc, Gallagher, HUB International Limited, Lockton companies, Marsh & McLennan Companies Inc., Truist Insurance Holdings, USI Insurance Services L.L.C, and Willis Towers Watson. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Key Benefits For Stakeholders
• The study provides an in-depth analysis of the global insurance brokerage market along with the current trends and future estimations to elucidate the imminent investment pockets.
• Information about key drivers, restraints, and opportunities and their impact analysis on the global insurance brokerage market size is provided in the report.
• Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
• The quantitative analysis of the market from 2019 to 2027 is provided to determine the market potential.
Key Market Segments
By Insurance Type
• Life Insurance
• Property & Casualty Insurance
By Brokerage Type
• Retail Brokerage
• Wholesale Brokerage
By Region
• North America
o U.S.
o Canada
• Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest of Europe
• Asia-Pacific
o China
o Japan
o India
o Australia
o South Korea
o Singapore
o Rest of Asia-Pacific
• LAMEA
o Latin America
o Middle East
o Africa
Key Market Players
• Acrisure, LLC
• Aon plc
• Brown & Brown, Inc
• Gallagher
• HUB International Limited
• Lockton Companies
• Marsh & McLennan Companies Inc.
• Truist Insurance Holdings
• USI Insurance Services LLC
• Wills Towers Watson
1.1.REPORT DESCRIPTION
1.2.KEY MARKET SEGMENTS
1.3.KEY BENEFITS
1.4.RESEARCH METHODOLOGY
1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.CXO PERSPECTIVE
CHAPTER 3:MARKET LANDSCAPE
3.1.MARKET DEFINITION AND SCOPE
3.2.KEY FINDINGS
3.2.1.Top investment pockets
3.2.2.Top winning strategies
3.3.PORTER'S FIVE FORCES ANALYSIS
3.3.1.Bargaining power of suppliers
3.3.2.Threat of new entrants
3.3.3.Threat of substitutes
3.3.4.Competitive rivalry
3.3.5.Bargaining power among buyers
3.4.MARKET SHARE ANALYSIS/TOP PLAYER POSITIONING 2019
3.5.MARKET DYNAMICS
3.5.1.Drivers
3.5.2.Restraints
3.5.3.Opportunities
CHAPTER 4:INSURANCE BORKERAGE MARKET BY INSURANCE TYPE
4.1.OVERVIEW
4.2.LIFE INSURANCE
4.2.1.Key market trends, growth factors and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market share analysis, by country
4.3.PROPERTY AND CASUALTY INSURANCE
4.3.1.Key market trends, growth factors and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market share analysis, by country
CHAPTER 5: INSURANCE BORKERAGE MARKET BY BROKERAGE TYPE
5.1.OVERVIEW
5.2.RETAIL BROKERAGE
5.2.1.Key market trends, growth factors and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market share analysis, by country
5.3.WHOLESALE BROKERAGE
5.3.1.Key market trends, growth factors and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market share analysis, by country
CHAPTER 6: INSURANCE BORKERAGE MARKET BY REGION
6.1.OVERVIEW
6.2.NORTH AMERICA
6.2.1.Key market trends and opportunities
6.2.2.Market size and forecast, by insurance type
6.2.3.Market size and forecast, by brokerage type
6.2.4.Market size and forecast, by Country
6.2.5.US
6.2.5.1.Market size and forecast, by insurance type
6.2.5.2.Market size and forecast, by brokerage type
6.2.6.Canada
6.2.6.1.Market size and forecast, by insurance type
6.2.6.2.Market size and forecast, by brokerage type
6.3.EUROPE
6.3.1.Key market trends and opportunities
6.3.2.Market size and forecast, by insurance type
6.3.3.Market size and forecast, by brokerage type
6.3.4.Market size and forecast, by Country
6.3.5.Germany
6.3.5.1.Market size and forecast, by insurance type
6.3.5.2.Market size and forecast, by brokerage type
6.3.6.France
6.3.6.1.Market size and forecast, by insurance type
6.3.6.2.Market size and forecast, by brokerage type
6.3.7.UK
6.3.7.1.Market size and forecast, by insurance type
6.3.7.2.Market size and forecast, by brokerage type
6.3.8.Italy
6.3.8.1.Market size and forecast, by insurance type
6.3.8.2.Market size and forecast, by brokerage type
6.3.9.Spain
6.3.9.1.Market size and forecast, by insurance type
6.3.9.2.Market size and forecast, by brokerage type
6.3.10.Rest of Europe
6.3.10.1.Market size and forecast, by insurance type
6.3.10.2.Market size and forecast, by brokerage type
6.4.ASIA PACIFIC
6.4.1.Key market trends and opportunities
6.4.2.Market size and forecast, by insurance type
6.4.3.Market size and forecast, by brokerage type
6.4.4.Market size and forecast, by Country
6.4.5.China
6.4.5.1.Market size and forecast, by insurance type
6.4.5.2.Market size and forecast, by brokerage type
6.4.6.Japan
6.4.6.1.Market size and forecast, by insurance type
6.4.6.2.Market size and forecast, by brokerage type
6.4.7.India
6.4.7.1.Market size and forecast, by insurance type
6.4.7.2.Market size and forecast, by brokerage type
6.4.8.Australia
6.4.8.1.Market size and forecast, by insurance type
6.4.8.2.Market size and forecast, by brokerage type
6.4.9.South Korea
6.4.9.1.Market size and forecast, by insurance type
6.4.9.2.Market size and forecast, by brokerage type
6.4.10.Singapore
6.4.10.1.Market size and forecast, by insurance type
6.4.10.2.Market size and forecast, by brokerage type
6.4.11.Rest of Asia Pacific
6.4.11.1.Market size and forecast, by insurance type
6.4.11.2.Market size and forecast, by brokerage type
6.5.LAMEA
6.5.1.Key market trends and opportunities
6.5.2.Market size and forecast, by insurance type
6.5.3.Market size and forecast, by brokerage type
6.5.4.Market size and forecast, by Country
6.5.5.Latin America
6.5.5.1.Market size and forecast, by insurance type
6.5.5.2.Market size and forecast, by brokerage type
6.5.6.Middle East
6.5.6.1.Market size and forecast, by insurance type
6.5.6.2.Market size and forecast, by brokerage type
6.5.7.Africa
6.5.7.1.Market size and forecast, by insurance type
6.5.7.2.Market size and forecast, by brokerage type
CHAPTER 7:COMPANY PROFILES
7.1.ACRISURE LLC
7.1.1.Company overview
7.1.2.Key Executives
7.1.3.Company snapshot
7.1.4.Operating business segments
7.1.5.Product portfolio
7.1.6.Business performance
7.1.7.Key strategic moves and developments
7.2.AON PLC
7.2.1.Company overview
7.2.2.Key Executives
7.2.3.Company snapshot
7.2.4.Operating business segments
7.2.5.Product portfolio
7.2.6.Business performance
7.2.7.Key strategic moves and developments
7.3.BROWN AND BROWN INC
7.3.1.Company overview
7.3.2.Key Executives
7.3.3.Company snapshot
7.3.4.Operating business segments
7.3.5.Product portfolio
7.3.6.Business performance
7.3.7.Key strategic moves and developments
7.4.GALLAGHER
7.4.1.Company overview
7.4.2.Key Executives
7.4.3.Company snapshot
7.4.4.Operating business segments
7.4.5.Product portfolio
7.4.6.Business performance
7.4.7.Key strategic moves and developments
7.5.HUB INTERNATIONAL LIMITED
7.5.1.Company overview
7.5.2.Key Executives
7.5.3.Company snapshot
7.5.4.Operating business segments
7.5.5.Product portfolio
7.5.6.Business performance
7.5.7.Key strategic moves and developments
7.6.LOCKTON COMPANIES
7.6.1.Company overview
7.6.2.Key Executives
7.6.3.Company snapshot
7.6.4.Operating business segments
7.6.5.Product portfolio
7.6.6.Business performance
7.6.7.Key strategic moves and developments
7.7.MARSH AND MCLENNAN COMPANIES INC
7.7.1.Company overview
7.7.2.Key Executives
7.7.3.Company snapshot
7.7.4.Operating business segments
7.7.5.Product portfolio
7.7.6.Business performance
7.7.7.Key strategic moves and developments
7.8.TRUIST INSURANCE HOLDINGS
7.8.1.Company overview
7.8.2.Key Executives
7.8.3.Company snapshot
7.8.4.Operating business segments
7.8.5.Product portfolio
7.8.6.Business performance
7.8.7.Key strategic moves and developments
7.9.USI INSURANCE SERVICES LLC
7.9.1.Company overview
7.9.2.Key Executives
7.9.3.Company snapshot
7.9.4.Operating business segments
7.9.5.Product portfolio
7.9.6.Business performance
7.9.7.Key strategic moves and developments
7.10.WILLS TOWERS WATSON
7.10.1.Company overview
7.10.2.Key Executives
7.10.3.Company snapshot
7.10.4.Operating business segments
7.10.5.Product portfolio
7.10.6.Business performance
7.10.7.Key strategic moves and developments
TABLE 1.GLOBAL INSURANCE BORKERAGE MARKET, BY INSURANCE TYPE 2019-2027 ($MILLION)
TABLE 2.INSURANCE BORKERAGE MARKET FOR LIFE INSURANCE, BY REGION, 2019-2027 ($MILLION)
TABLE 3.INSURANCE BORKERAGE MARKET FOR PROPERTY AND CASUALTY INSURANCE, BY REGION, 2019-2027 ($MILLION)
TABLE 4.GLOBAL INSURANCE BORKERAGE MARKET, BY BROKERAGE TYPE 2019-2027 ($MILLION)
TABLE 5.INSURANCE BORKERAGE MARKET FOR RETAIL BROKERAGE, BY REGION, 2019-2027 ($MILLION)
TABLE 6.INSURANCE BORKERAGE MARKET FOR WHOLESALE BROKERAGE, BY REGION, 2019-2027 ($MILLION)
TABLE 7.INSURANCE BORKERAGE MARKET FOR , BY REGION, , 2019-2027 ($MILLION)
TABLE 8.NORTH AMERICA INSURANCE BORKERAGE, BY INSURANCE TYPE 2019-2027 ($MILLION)
TABLE 9.NORTH AMERICA INSURANCE BORKERAGE, BY BROKERAGE TYPE 2019-2027 ($MILLION)
TABLE 10.NORTH AMERICA INSURANCE BORKERAGE, BY REGION, 2019-2027 ($MILLION)
TABLE 11.EUROPE INSURANCE BORKERAGE, BY INSURANCE TYPE 2019-2027 ($MILLION)
TABLE 12.EUROPE INSURANCE BORKERAGE, BY BROKERAGE TYPE 2019-2027 ($MILLION)
TABLE 13.EUROPE INSURANCE BORKERAGE, BY REGION, 2019-2027 ($MILLION)
TABLE 14.ASIA PACIFIC INSURANCE BORKERAGE, BY INSURANCE TYPE 2019-2027 ($MILLION)
TABLE 15.ASIA PACIFIC INSURANCE BORKERAGE, BY BROKERAGE TYPE 2019-2027 ($MILLION)
TABLE 16.ASIA PACIFIC INSURANCE BORKERAGE, BY REGION, 2019-2027 ($MILLION)
TABLE 17.LAMEA INSURANCE BORKERAGE, BY INSURANCE TYPE 2019-2027 ($MILLION)
TABLE 18.LAMEA INSURANCE BORKERAGE, BY BROKERAGE TYPE 2019-2027 ($MILLION)
TABLE 19.LAMEA INSURANCE BORKERAGE, BY REGION, 2019-2027 ($MILLION)
TABLE 20.ACRISURE LLC: COMPANY SNAPSHOT
TABLE 21.ACRISURE LLC: OPERATING SEGMENTS
TABLE 22.AON PLC: COMPANY SNAPSHOT
TABLE 23.AON PLC: OPERATING SEGMENTS
TABLE 24.BROWN AND BROWN INC: COMPANY SNAPSHOT
TABLE 25.BROWN AND BROWN INC: OPERATING SEGMENTS
TABLE 26.GALLAGHER: COMPANY SNAPSHOT
TABLE 27.GALLAGHER: OPERATING SEGMENTS
TABLE 28.HUB INTERNATIONAL LIMITED: COMPANY SNAPSHOT
TABLE 29.HUB INTERNATIONAL LIMITED: OPERATING SEGMENTS
TABLE 30.LOCKTON COMPANIES: COMPANY SNAPSHOT
TABLE 31.LOCKTON COMPANIES: OPERATING SEGMENTS
TABLE 32.MARSH AND MCLENNAN COMPANIES INC: COMPANY SNAPSHOT
TABLE 33.MARSH AND MCLENNAN COMPANIES INC: OPERATING SEGMENTS
TABLE 34.TRUIST INSURANCE HOLDINGS: COMPANY SNAPSHOT
TABLE 35.TRUIST INSURANCE HOLDINGS: OPERATING SEGMENTS
TABLE 36.USI INSURANCE SERVICES LLC: COMPANY SNAPSHOT
TABLE 37.USI INSURANCE SERVICES LLC: OPERATING SEGMENTS
TABLE 38.WILLS TOWERS WATSON: COMPANY SNAPSHOT
TABLE 39.WILLS TOWERS WATSON: OPERATING SEGMENTS
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