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.
The top five companies covered are Marsh & McLennan Cos. Inc, Willis Towers Watson P.L.C., Aon P.L.C, Arthur J. Gallagher & Co. and Brown & Brown Inc. Marsh & McLennan Cos. Inc. was the largest company in the insurance brokers and agents market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
The global insurance brokers and agents market was valued at around $408 billion in 2017. North America was the largest region in the insurance brokers and agents market in 2017, accounting for above 34% market share. The USA was the largest country in the market in 2017, accounting for around 32% market share.
Nontraditional companies such as Google, Amazon and Walmart are entering the insurance intermediary market to capitalize on their brand image, large capital and customer base. Their primary focus is on distribution of health, property and casualty insurance products. In line with this trend, these companies are also entering into partnerships, joint ventures and alliances with other established insurance carriers to offer insurance products and services to their customers.
Reinsurers Bundle Their Offerings To Increase Revenues.
Mobile Payments Go Touchless.
Boutique Firms Expand Investment Banking Firms’ Business.
Strict Regulations Drive Innovative Payments Options.
Mobile Trading Makes Investors’ Life Easier.
How You Drive Matters A Lot To Your Insurer.
Insurance Providers Market Global Briefing 2018
Insurance Brokers And Agents Market Global Briefing 2018
Investment Banking Market Global Briefing 2018
Cards And Payments Market Global Briefing 2018
Insurance Market Global Briefing 2018
Investments Market Global Briefing 2018
Lending and Payments Market Global Briefing 2018
Lending Market Global Briefing 2018