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Insurance Brokers & Agencies in the US Product Image

Insurance Brokers & Agencies in the US

  • ID: 16880
  • March 2014
  • Region: United States
  • 44 pages
  • IBISWorld
Fully covered: Improving car sales and homeownership rates will aid demand for insurance

FEATURED COMPANIES

  • Aon Corporation
  • Arthur J. Gallagher & Co.
  • Willis Group Holdings
  • MORE

Insurance Brokers & Agencies in the US

Revenue for the Insurance Brokers and Agencies industry remained relatively strong during the recession because of the constant need for insurance coverage in times of economic growth and decline. Overall economic recovery will likely cause demand and revenue to pick up after high unemployment and other economic factors cut into growth. As car and home purchases rise once again and more consumers buy health insurance, demand for insurance brokers and agents will rise. The industry faces increased competition from online brokerage businesses and direct insurance sales models, however.

This industry includes individuals and businesses that primarily act as agents or brokers in selling insurance policies and annuities. 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.

Note: Product cover images may vary from those shown
Fully covered: Improving car sales and homeownership rates will aid demand for insurance

FEATURED COMPANIES

  • Aon Corporation
  • Arthur J. Gallagher & Co.
  • Willis Group Holdings
  • MORE

TABLE OF CONTENTS

ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS
Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Note: Product cover images may vary from those shown
Fully covered: Improving car sales and homeownership rates will aid demand for insurance

Aon Corporation

Willis Group Holdings

Arthur J. Gallagher & Co.

Marsh & McLennan Companies Inc.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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