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Global Insurance Brokers and Agents Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2024-2035

  • PUBLISHED ON
  • 3/1/2023
  • NO OF PAGES
  • 259
  • CATEGORY
  • Banking & Finance
Insurance Brokers and Agents market report presents a global overview of market shares, size, statistics, trends, demand, revenue and growth opportunities by key players, regions and countries. This report offers a complete market overview during the past, present, and the forecast period till 2032 which helps to identify future opportunities, risk factors, growing areas. Report also highlight on recent developments, technological innovations, market affecting factors, demographics analysis, demand and supply chain which gives brief strategy of market growth during the forecast period. It also gives in-depth insights on SWOT and PESTLE analysis based on industry segmentations and regional developments.

Market Overview:
The report provides a basic overview of the industry including definitions, classifications, and industry chain structure. The Insurance Brokers and Agents market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand, price, revenue and gross margins.

Report Scope:
The primary and secondary research is done in order to access up-to-date government regulations, market information and industry data. Data were collected from the Insurance Brokers and Agents manufacturers, distributors, end users, industry associations, governments’ industry bureaus, industry publications, industry experts, third party database, and our in-house databases. The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment by type, application and region and as a result provides a holistic view of as well as a deep insight into the Insurance Brokers and Agents market covering all its essential aspects.

Global Insurance Brokers and Agents Market: Segmentations


Global Insurance Brokers and Agents Market: By Types
Insurance Brokers
Insurance Agents

Global Insurance Brokers and Agents Market: By Applications
Individual
Small Enterprises (10 to 49 Employees)
Medium-sized Enterprises (50 to 249 Employees)
Large Enterprises (Employ 250 or More People)

Global Insurance Brokers and Agents Market: Major Players
Marsh & McLennan Companies
Aon plc
Arthur J. Gallagher & Co.
Willis Group
Branch Banking and Trust Company
Brown & Brown
HUB International
USI Insurance Services
Lockton
Alliant Insurance Services
NFP
Acrisure
AmWINS Group
Assured Partners

Global Insurance Brokers and Agents Market: By Regions
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia, and Rest of Asia-Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)


Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter’s Five Force Model and SWOT analysis are used to study the global Insurance Brokers and Agents market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Insurance Brokers and Agents would help in identifying future applications in this market.

Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

Objectives of the Study:
• To provide with an exhaustive analysis on the Insurance Brokers and Agents Market by Product, By Application, By End User and by Region.
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
• To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions
Base Year: 2023
Historic Year: 2016-2022
Forecast: 2024-2035
1 Market Overview
1.1 Product Overview and Scope of Insurance Brokers and Agents
1.2 Classification of Insurance Brokers and Agents by Type
1.2.1 Overview: Global Insurance Brokers and Agents Market Size by Type: 2017 Versus 2022 Versus 2032
1.2.2 Global Insurance Brokers and Agents Revenue Market Share by Type in 2022
1.2.3 Insurance Brokers
1.2.4 Insurance Agents
1.3 Global Insurance Brokers and Agents Market by Enterprise Size
1.3.1 Overview: Global Insurance Brokers and Agents Market Size by Application: 2017 Versus 2022 Versus 2032
1.3.2 Individual
1.3.3 Small Enterprises (10 to 49 Employees)
1.3.4 Medium-sized Enterprises (50 to 249 Employees)
1.3.5 Large Enterprises (Employ 250 or More People)
1.4 Global Insurance Brokers and Agents Market Size & Forecast
1.5 Global Insurance Brokers and Agents Market Size and Forecast by Region
1.5.1 Global Insurance Brokers and Agents Market Size by Region: 2017 VS 2022 VS 2032
1.5.2 Global Insurance Brokers and Agents Market Size by Region, (2016-2021)
1.5.3 North America Insurance Brokers and Agents Market Size and Prospect (2017-2032)
1.5.4 Europe Insurance Brokers and Agents Market Size and Prospect (2017-2032)
1.5.5 Asia-Pacific Insurance Brokers and Agents Market Size and Prospect (2017-2032)
1.5.6 South America Insurance Brokers and Agents Market Size and Prospect (2017-2032)
1.5.7 Middle East and Africa Insurance Brokers and Agents Market Size and Prospect (2017-2032)
1.6 Market Drivers, Restraints and Trends
1.6.1 Insurance Brokers and Agents Market Drivers
1.6.2 Insurance Brokers and Agents Market Restraints
1.6.3 Insurance Brokers and Agents Trends Analysis
2 Company Profiles
2.1 Marsh & McLennan Companies
2.1.1 Marsh & McLennan Companies Details
2.1.2 Marsh & McLennan Companies Major Business
2.1.3 Marsh & McLennan Companies Insurance Brokers and Agents Product and Solutions
2.1.4 Marsh & McLennan Companies Insurance Brokers and Agents Revenue, Gross Margin and Market Share (2017-2022)
2.1.5 Marsh & McLennan Companies Recent Developments and Future Plans
2.2 Aon plc
2.2.1 Aon plc Details
2.2.2 Aon plc Major Business
2.2.3 Aon plc Insurance Brokers and Agents Product and Solutions
2.2.4 Aon plc Insurance Brokers and Agents Revenue, Gross Margin and Market Share (2017-2022)
2.2.5 Aon plc Recent Developments and Future Plans
2.3 Arthur J. Gallagher & Co.
2.3.1 Arthur J. Gallagher & Co. Details
2.3.2 Arthur J. Gallagher & Co. Major Business
2.3.3 Arthur J. Gallagher & Co. Insurance Brokers and Agents Product and Solutions
2.3.4 Arthur J. Gallagher & Co. Insurance Brokers and Agents Revenue, Gross Margin and Market Share (2017-2022)
2.3.5 Arthur J. Gallagher & Co. Recent Developments and Future Plans
2.4 Willis Group
2.4.1 Willis Group Details
2.4.2 Willis Group Major Business
2.4.3 Willis Group Insurance Brokers and Agents Product and Solutions
2.4.4 Willis Group Insurance Brokers and Agents Revenue, Gross Margin and Market Share (2017-2022)
2.4.5 Willis Group Recent Developments and Future Plans
2.5 Branch Banking and Trust Company
2.5.1 Branch Banking and Trust Company Details
2.5.2 Branch Banking and Trust Company Major Business
2.5.3 Branch Banking and Trust Company Insurance Brokers and Agents Product and Solutions
2.5.4 Branch Banking and Trust Company Insurance Brokers and Agents Revenue, Gross Margin and Market Share (2017-2022)
2.5.5 Branch Banking and Trust Company Recent Developments and Future Plans
2.6 Brown & Brown
2.6.1 Brown & Brown Details
2.6.2 Brown & Brown Major Business
2.6.3 Brown & Brown Insurance Brokers and Agents Product and Solutions
2.6.4 Brown & Brown Insurance Brokers and Agents Revenue, Gross Margin and Market Share (2017-2022)
2.6.5 Brown & Brown Recent Developments and Future Plans
2.7 HUB International
2.7.1 HUB International Details
2.7.2 HUB International Major Business
2.7.3 HUB International Insurance Brokers and Agents Product and Solutions
2.7.4 HUB International Insurance Brokers and Agents Revenue, Gross Margin and Market Share (2017-2022)
2.7.5 HUB International Recent Developments and Future Plans
2.8 USI Insurance Services
2.8.1 USI Insurance Services Details
2.8.2 USI Insurance Services Major Business
2.8.3 USI Insurance Services Insurance Brokers and Agents Product and Solutions
2.8.4 USI Insurance Services Insurance Brokers and Agents Revenue, Gross Margin and Market Share (2017-2022)
2.8.5 USI Insurance Services Recent Developments and Future Plans
2.9 Lockton
2.9.1 Lockton Details
2.9.2 Lockton Major Business
2.9.3 Lockton Insurance Brokers and Agents Product and Solutions
2.9.4 Lockton Insurance Brokers and Agents Revenue, Gross Margin and Market Share (2017-2022)
2.9.5 Lockton Recent Developments and Future Plans
2.10 Alliant Insurance Services
2.10.1 Alliant Insurance Services Details
2.10.2 Alliant Insurance Services Major Business
2.10.3 Alliant Insurance Services Insurance Brokers and Agents Product and Solutions
2.10.4 Alliant Insurance Services Insurance Brokers and Agents Revenue, Gross Margin and Market Share (2017-2022)
2.10.5 Alliant Insurance Services Recent Developments and Future Plans
2.11 NFP
2.11.1 NFP Details
2.11.2 NFP Major Business
2.11.3 NFP Insurance Brokers and Agents Product and Solutions
2.11.4 NFP Insurance Brokers and Agents Revenue, Gross Margin and Market Share (2017-2022)
2.11.5 NFP Recent Developments and Future Plans
2.12 Acrisure
2.12.1 Acrisure Details
2.12.2 Acrisure Major Business
2.12.3 Acrisure Insurance Brokers and Agents Product and Solutions
2.12.4 Acrisure Insurance Brokers and Agents Revenue, Gross Margin and Market Share (2017-2022)
2.12.5 Acrisure Recent Developments and Future Plans
2.13 AmWINS Group
2.13.1 AmWINS Group Details
2.13.2 AmWINS Group Major Business
2.13.3 AmWINS Group Insurance Brokers and Agents Product and Solutions
2.13.4 AmWINS Group Insurance Brokers and Agents Revenue, Gross Margin and Market Share (2017-2022)
2.13.5 AmWINS Group Recent Developments and Future Plans
2.14 Assured Partners
2.14.1 Assured Partners Details
2.14.2 Assured Partners Major Business
2.14.3 Assured Partners Insurance Brokers and Agents Product and Solutions
2.14.4 Assured Partners Insurance Brokers and Agents Revenue, Gross Margin and Market Share (2017-2022)
2.14.5 Assured Partners Recent Developments and Future Plans
3 Market Competition, by Players
3.1 Global Insurance Brokers and Agents Revenue and Share by Players (2017-2022)
3.2 Market Concentration Rate
3.2.1 Top 3 Insurance Brokers and Agents Players Market Share
3.2.2 Top 10 Insurance Brokers and Agents Players Market Share
3.2.3 Market Competition Trend
3.3 Insurance Brokers and Agents Players Head Office, Products and Services Provided
3.4 Mergers & Acquisitions
3.5 New Entrants and Expansion Plans
4 Market Size Segment by Type
4.1 Global Insurance Brokers and Agents Revenue and Market Share by Type (2016-2021)
4.2 Global Insurance Brokers and Agents Market Forecast by Type (2021-2026)
5 Market Size Segment by Application
5.1 Global Insurance Brokers and Agents Revenue Market Share by Application (2016-2021)
5.2 Insurance Brokers and Agents Market Forecast by Application (2021-2026)
6 North America by Country, by Type, and by Application
6.1 North America Insurance Brokers and Agents Revenue by Type (2017-2032)
6.2 North America Insurance Brokers and Agents Revenue by Application (2017-2032)
6.3 North America Insurance Brokers and Agents Market Size by Country
6.3.1 North America Insurance Brokers and Agents Revenue by Country (2017-2032)
6.3.2 United States Insurance Brokers and Agents Market Size and Forecast (2017-2032)
6.3.3 Canada Insurance Brokers and Agents Market Size and Forecast (2017-2032)
6.3.4 Mexico Insurance Brokers and Agents Market Size and Forecast (2017-2032)
7 Europe by Country, by Type, and by Application
7.1 Europe Insurance Brokers and Agents Revenue by Type (2017-2032)
7.2 Europe Insurance Brokers and Agents Revenue by Application (2017-2032)
7.3 Europe Insurance Brokers and Agents Market Size by Country
7.3.1 Europe Insurance Brokers and Agents Revenue by Country (2017-2032)
7.3.2 Germany Insurance Brokers and Agents Market Size and Forecast (2017-2032)
7.3.3 France Insurance Brokers and Agents Market Size and Forecast (2017-2032)
7.3.4 United Kingdom Insurance Brokers and Agents Market Size and Forecast (2017-2032)
7.3.5 Russia Insurance Brokers and Agents Market Size and Forecast (2017-2032)
7.3.6 Italy Insurance Brokers and Agents Market Size and Forecast (2017-2032)
8 Asia-Pacific by Region, by Type, and by Application
8.1 Asia-Pacific Insurance Brokers and Agents Revenue by Type (2017-2032)
8.2 Asia-Pacific Insurance Brokers and Agents Revenue by Application (2017-2032)
8.3 Asia-Pacific Insurance Brokers and Agents Market Size by Region
8.3.1 Asia-Pacific Insurance Brokers and Agents Revenue by Region (2017-2032)
8.3.2 China Insurance Brokers and Agents Market Size and Forecast (2017-2032)
8.3.3 Japan Insurance Brokers and Agents Market Size and Forecast (2017-2032)
8.3.4 South Korea Insurance Brokers and Agents Market Size and Forecast (2017-2032)
8.3.5 India Insurance Brokers and Agents Market Size and Forecast (2017-2032)
8.3.6 Southeast Asia Insurance Brokers and Agents Market Size and Forecast (2017-2032)
8.3.7 Australia Insurance Brokers and Agents Market Size and Forecast (2017-2032)
9 South America by Country, by Type, and by Application
9.1 South America Insurance Brokers and Agents Revenue by Type (2017-2032)
9.2 South America Insurance Brokers and Agents Revenue by Application (2017-2032)
9.3 South America Insurance Brokers and Agents Market Size by Country
9.3.1 South America Insurance Brokers and Agents Revenue by Country (2017-2032)
9.3.2 Brazil Insurance Brokers and Agents Market Size and Forecast (2017-2032)
9.3.3 Argentina Insurance Brokers and Agents Market Size and Forecast (2017-2032)
10 Middle East & Africa by Country, by Type, and by Application
10.1 Middle East & Africa Insurance Brokers and Agents Revenue by Type (2017-2032)
10.2 Middle East & Africa Insurance Brokers and Agents Revenue by Application (2017-2032)
10.3 Middle East & Africa Insurance Brokers and Agents Market Size by Country
10.3.1 Middle East & Africa Insurance Brokers and Agents Revenue by Country (2017-2032)
10.3.2 Turkey Insurance Brokers and Agents Market Size and Forecast (2017-2032)
10.3.3 Saudi Arabia Insurance Brokers and Agents Market Size and Forecast (2017-2032)
10.3.4 UAE Insurance Brokers and Agents Market Size and Forecast (2017-2032)
11 Research Findings and Conclusion
12 Appendix
12.1 Methodology
12.2 Research Process and Data Source
12.3 Disclaimer

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Market Research Process




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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.

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