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Insurance Brokers & Agencies in California - Industry Market Research Report

  • ID: 4990690
  • Report
  • February 2020
  • Region: United States
  • 30 pages
  • IBISWorld
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Insured success: New entrants will likely enter the industry to meet increased demand

FEATURED COMPANIES

  • Aon PLC
  • Arthur J. Gallagher & Co.
  • Willis Towers Watson PLC
  • MORE

Insurance Brokers & Agencies in California

The Insurance Brokers and Agencies industry in California has exhibited healthy growth over the five years to 2017 as demand for insurance policies has strengthened. For example, written premiums for property and casualty insurance have surged as consumers and businesses alike have experienced increased income. The industry is projected to continue growing, albeit at a slightly slower rate. After a period of relaxed underwriting requirements and expanded capacity, insurance markets in California are projected to slightly harden during the next five years. Additionally, operators will experience increased external competition from direct insurance carriers as they adopt online platforms to sell insurance directly to consumers, businesses and government agencies.

This industry includes individuals and businesses that primarily act as agents or brokers in selling insurance policies and annuities in California. Industry participants earn commission income, mostly as a percentage of the premium of insurance policies sold. Operators 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.

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FEATURED COMPANIES

  • Aon PLC
  • Arthur J. Gallagher & Co.
  • Willis Towers Watson PLC
  • MORE
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
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  • Marsh & McLennan Companies Inc.
  • Aon PLC
  • Willis Towers Watson PLC
  • Arthur J. Gallagher & Co.
Note: Product cover images may vary from those shown
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