• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Insurance Agencies & Brokerages in the US Product Image

Insurance Agencies & Brokerages in the US

  • Published: April 2014
  • Region: United States
  • 10 pages
  • First Research

Brief Excerpt from Industry Overview Chapter:

Companies in this industry act as agents to sell insurance policies and annuities underwritten by insurance carriers. Major companies include Arthur J Gallagher, Brown & Brown, and Marsh (all based in the US), as well as Aon, Lloyd's of London, and Willis Group (all based in the UK); and CNinsure (China).

The global insurance industry generates about $4 trillion in premium volume each year. Sales of insurance have been highest recently in Latin America, Russia, and the Middle East.

The US insurance agencies and brokerages industry includes about 130,000 establishments (single-location companies and branches of multi-location companies) with annual revenue of about $105 billion.

Many companies that primarily offer insurance products to businesses function mainly as brokers. Captive agencies operate as a sales agent for a single insurer, working on its behalf; independent brokers sell products from several providers. Underwriters of insurance coverage, including health insurance carriers, are covered in separate industry profiles.

COMPETITIVE LANDSCAPE

Demand is related to consumer income and READ MORE >

Industry Overview
Quarterly Industry Update
Business Challenges
Business Trends
Industry Opportunities
Call Preparation Questions
Financial Information
Industry Forecast
Web Links and Acronyms

Note: Product cover images may vary from those shown

RELATED PRODUCTS

Our Clients

Our clients' logos