|
|
 |
|
Viewing report
|
|
|
|
Insurance Brokers & Agencies in the US
IBISWorld, Aug 2011, Pages: 48
Fully covered: Improving car sales and homeownership rates will spur demand for insurance
Insurance Brokers & Agencies in the US
Continued growth and competition
Revenue has remained relatively strong during the recession because of the constant need for insurance coverage in times of economic growth and decline. Still, the recovery will likely cause demand and revenue to pick up after high unemployment and other economic factors cut into growth. As more people buy cars and homes again and purchase health insurance, demand for insurance brokers and agents will rise. However, the industry will also face competition from online brokerage businesses and direct insurance sales models.
This industry includes individuals and businesses that primarily act as agents or brokers in selling annuities and insurance policies. Industry participants earn commission income, mostly as a percentage of the premium of insurance policies sold. They also earn some fee income for providing risk management consulting and other value-added services. This industry is only composed of independent brokers and agencies.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Product samples
A sample for this product is available. Please Login/Register to download this sample.
|
|
|
|
