Insurance Brokers in Australia - Market Summary, Competitive Analysis and Forecast to 2025

Insurance Brokers in Australia industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

The insurance brokers market is valued in relation to the total brokerage revenue of General Insurance and Life Insurance & Pension.
The Australian insurance brokers sector had total revenues of $0.1bn in 2020, representing a compound annual rate of change (CARC) of -5% between 2016 and 2020.
The general insurance segment was the sector's most lucrative in 2020, with total revenues of $0.1bn, equivalent to 68.7% of the sector's overall value.
The value of the Australian insurance brokers sector declined by 4.2% in 2020, as a result of the COVID-19 pandemic, which reduced demand for insurance products.

Scope

Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance brokers market in Australia
Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance brokers market in Australia
Leading company profiles reveal details of key insurance brokers market players’ global operations and financial performance
Add weight to presentations and pitches by understanding the future growth prospects of the Australia insurance brokers market with five year forecasts by both value and volume

Reasons to Buy

What was the size of the Australia insurance brokers market by value in 2020?
What will be the size of the Australia insurance brokers market in 2025?
What factors are affecting the strength of competition in the Australia insurance brokers market?
How has the market performed over the last five years?
What are the main segments that make up Australia's insurance brokers market?

Frequently Asked Questions about the Australian Insurance Brokers Market

What is the estimated value of the Australian Insurance Brokers Market?

The Australian Insurance Brokers Market was estimated to be valued at $77.03 Billion in 2020.

What is the growth rate of the Australian Insurance Brokers Market?

The growth rate of the Australian Insurance Brokers Market is 4.8%, with an estimated value of $97.46 Billion by 2025.

What is the forecasted size of the Australian Insurance Brokers Market?

The Australian Insurance Brokers Market is estimated to be worth $97.46 Billion by 2025.

Who are the key companies in the Australian Insurance Brokers Market?

Key companies in the Australian Insurance Brokers Market include Marsh & McLennan Companies Asia, Pacific, Aon Plc, Arthur J. Gallagher & Co (Aus) Limited. and MGA Insurance Brokers Pty Ltd.

Report Attribute	Details
No. of Pages	41
Published	October 2021
Forecast Period	2020 - 2025
Estimated Market Value ( USD ) in 2020	$ 77.03 Billion
Forecasted Market Value ( USD ) by 2025	$ 97.46 Billion
Compound Annual Growth Rate	4.8%
Regions Covered	Australia

1 Executive Summary

1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive Landscape

2 Market Overview

2.1. Market definition
2.2. Market analysis

3 Market Data

3.1. Market value

4 Market Segmentation

4.1. Category segmentation
4.2. Geography segmentation

5 Market Outlook

5.1. Market value forecast

6 Five Forces Analysis

6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry

7 Competitive Landscape

7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the strengths of the leading players?
7.4. What has been the recent M&A activity?
7.5. How did leading players perform in 2020?
7.6. What challenges do the leading players face?

8 Company Profiles

8.1. Marsh & McLennan Companies Asia-Pacific
8.2. Aon Plc
8.3. Arthur J. Gallagher & Co (Aus) Limited.
8.4. MGA Insurance Brokers Pty Ltd

9 Macroeconomic Indicators

9.1. Country data

10 Appendix

10.1. Methodology
10.2. Industry associations
10.3. Related Research
10.4. About the Author

List of Tables

Table 1: Australia insurance brokers sector value: $ billion, 2016-20
Table 2: Australia insurance brokers sector category segmentation: $ billion, 2020
Table 3: Australia insurance brokers sector geography segmentation: $ billion, 2020
Table 4: Australia insurance brokers sector value forecast: $ billion, 2020-25
Table 5: Marsh & McLennan Companies Asia-Pacific: key facts
Table 6: Marsh & McLennan Companies Asia-Pacific: Key Employees
Table 7: Aon Plc: key facts
Table 8: Aon Plc: Annual Financial Ratios
Table 9: Aon Plc: Key Employees
Table 10: Aon Plc: Key Employees Continued
Table 11: Arthur J. Gallagher & Co (Aus) Limited.: key facts
Table 12: Arthur J. Gallagher & Co (Aus) Limited.: Key Employees
Table 13: MGA Insurance Brokers Pty Ltd: key facts
Table 14: MGA Insurance Brokers Pty Ltd: Key Employees
Table 15: Australia size of population (million), 2016-20
Table 16: Australia gdp (constant 2005 prices, $ billion), 2016-20
Table 17: Australia gdp (current prices, $ billion), 2016-20
Table 18: Australia inflation, 2016-20
Table 19: Australia consumer price index (absolute), 2016-20
Table 20: Australia exchange rate, 2016-20

List of Figures

Figure 1: Australia insurance brokers sector value: $ billion, 2016-20
Figure 2: Australia insurance brokers sector category segmentation: % share, by value, 2020
Figure 3: Australia insurance brokers sector geography segmentation: % share, by value, 2020
Figure 4: Australia insurance brokers sector value forecast: $ billion, 2020-25
Figure 5: Forces driving competition in the insurance brokers sector in Australia, 2020
Figure 6: Drivers of buyer power in the insurance brokers sector in Australia, 2020
Figure 7: Drivers of supplier power in the insurance brokers sector in Australia, 2020
Figure 8: Factors influencing the likelihood of new entrants in the insurance brokers sector in Australia, 2020
Figure 9: Factors influencing the threat of substitutes in the insurance brokers sector in Australia, 2020
Figure 10: Drivers of degree of rivalry in the insurance brokers sector in Australia, 2020