Insurance Brokers And Agents Global Market Report 2018

Insurance Brokers And Agents Global Market Report 2018
Starting Price : $ 4000.00 | Pages : 125 | Published : February 2018

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The insurance brokers and agents market is primarily engaged in acting as intermediaries (i.e., agents, brokers) in selling annuities and insurance policies. They represent consumers in insurance transactions. Insurance brokers and agents can be contracted with single or multiple insurance companies as they try to meet different client needs with suitable insurance products. This market excludes the direct selling of insurance products by insurance companies. These entities usually charge a certain proportion of the insurance premium as a commission for their services. Such commission is usually deducted or collected from insurance companies. However, some entities charge and collect fees from customers as well. Commissions are generally fixed by respective insurance companies but are subject to country specific regulation and statutory laws. The insurance brokers and agents market in this report is segmented into agencies, brokers, bancassurance and other intermediaries.

North America was the largest region in the insurance brokers and agents market in 2017, accounting for 34% market share. North Americas is the largest market because of high broker presence, strong distribution network and wide range of feed based services. Asia Pacific was the second largest region accounting for 34% market share. Eastern Europe was the smallest largest region accounting for 1% market share.

Bancassurance is gaining prominence within the insurance intermediation industry. This distribution channel is being used by banks to cross-sell its products and services and generate additional revenue. Bancassurance also benefits the insurance company by providing an exposure to a wider customer base via the bank’s distribution network of agents and branches.  The adoption of more diversified and enhanced products offered by banks is expected to drive the bancassurance market at a CAGR of nearly 8% to 2019.

Reinsurance Providers Market 2017

Financial Services Market 2017

Investment Market 2017

Lending Market 2017

Payments Market 2017

Insurance Providers Market 2017

Lending and Payments Market 2017

Securities Brokerages and Stock Exchanges Market 2017

Insurance Providers Market Global Briefing 2018

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Insurance Providers Market Global Briefing 2018

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Insurance Providers Market Global Briefing 2018

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Insurance Brokers And Agents Market Global Briefing 2018

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Insurance Brokers And Agents Market Global Briefing 2018

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