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Insurance Brokers & Agencies in the US
IBISWorld, February 2013, Pages: 44
Fully covered: Improving car sales and homeownership rates will aid demand for insurance
Insurance Brokers & Agencies in the US
Industry revenue remained relatively strong during the recession because of the constant need for insurance coverage in times of economic growth and decline. The 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 consumers buy 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.
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
MAJOR COMPANIES.
Aon Corporation
Willis Group Holdings
Arthur J. Gallagher & Co.
Marsh & McLennan Companies Inc.
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