Global Insurance Brokers Market Summary, Competitive Analysis and Forecast, 2017-2026
Summary
Global Insurance Brokers industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-21, and forecast to 2026). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The insurance brokers sector is valued in relation to the total brokerage revenue for general insurance and life insurance & pensions.
- The global insurance brokers sector had total revenues of $1,329.2bn in 2021, representing a compound annual growth rate (CAGR) of 5.7% between 2016 and 2021.
- The life insurance and pension segment was the sector's most lucrative in 2021, with total revenues of $712.3bn, equivalent to 53.6% of the sector's overall value.
- Around 78% of business buyers used more than one device to complete single transaction these trends show change in consumer purchasing habits, thereby demand for insurance through the digital channel was increased.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance brokers market in the global
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global insurance brokers market
- Leading company profiles reveal details of key insurance brokers market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Global insurance brokers market with five year forecasts
- What was the size of the Global insurance brokers market by value in 2021?
- What will be the size of the Global insurance brokers market in 2026?
- What factors are affecting the strength of competition in the Global insurance brokers market?
- How has the market performed over the last five years?
- What are the main segments that make up the global's insurance brokers market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive Landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What strategies do the leading players follow?
- 7.3. What are the strengths of the leading players?
- 7.4. What has been the recent M&A activity?
- 7.5. What challenges do the leading players face?
- 8 Company Profiles
- 8.1. Arthur J. Gallagher & Co
- 8.2. Marsh & McLennan Companies Inc
- 8.3. Willis Towers Watson PLC
- 8.4. Aon Plc
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Global insurance brokers sector value: $ billion, 2016-21
- Table 2: Global insurance brokers sector category segmentation: % share, by value, 2016-2021
- Table 3: Global insurance brokers sector category segmentation: $ billion, 2016-2021
- Table 4: Global insurance brokers sector geography segmentation: $ billion, 2021
- Table 5: Global insurance brokers sector value forecast: $ billion, 2021-26
- Table 6: Arthur J. Gallagher & Co: key facts
- Table 7: Arthur J. Gallagher & Co: Annual Financial Ratios
- Table 8: Arthur J. Gallagher & Co: Key Employees
- Table 9: Arthur J. Gallagher & Co: Key Employees Continued
- Table 10: Marsh & McLennan Companies Inc: key facts
- Table 11: Marsh & McLennan Companies Inc: Annual Financial Ratios
- Table 12: Marsh & McLennan Companies Inc: Key Employees
- Table 13: Marsh & McLennan Companies Inc: Key Employees Continued
- Table 14: Willis Towers Watson PLC: key facts
- Table 15: Willis Towers Watson PLC: Annual Financial Ratios
- Table 16: Willis Towers Watson PLC: Key Employees
- Table 17: Willis Towers Watson PLC: Key Employees Continued
- Table 18: Willis Towers Watson PLC: Key Employees Continued
- Table 19: Aon Plc: key facts
- Table 20: Aon Plc: Annual Financial Ratios
- Table 21: Aon Plc: Key Employees
- Table 22: Aon Plc: Key Employees Continued
- Table 23: Aon Plc: Key Employees Continued
- Table 24: Global exchange rate, 2017-21
- List of Figures
- Figure 1: Global insurance brokers sector value: $ billion, 2016-21
- Figure 2: Global insurance brokers sector category segmentation: $ billion, 2016-2021
- Figure 3: Global insurance brokers sector geography segmentation: % share, by value, 2021
- Figure 4: Global insurance brokers sector value forecast: $ billion, 2021-26
- Figure 5: Forces driving competition in the global insurance brokers sector, 2021
- Figure 6: Drivers of buyer power in the global insurance brokers sector, 2021
- Figure 7: Drivers of supplier power in the global insurance brokers sector, 2021
- Figure 8: Factors influencing the likelihood of new entrants in the global insurance brokers sector, 2021
- Figure 9: Factors influencing the threat of substitutes in the global insurance brokers sector, 2021
- Figure 10: Drivers of degree of rivalry in the global insurance brokers sector, 2021
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