Global Insurance Brokers Market Summary, Competitive Analysis and Forecast, 2017-2026

Abstract

Summary

Global Insurance Brokers industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-21, and forecast to 2026). 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 sector is valued in relation to the total brokerage revenue for general insurance and life insurance & pensions.
- The global insurance brokers sector had total revenues of $1,329.2bn in 2021, representing a compound annual growth rate (CAGR) of 5.7% between 2016 and 2021.
- The life insurance and pension segment was the sector's most lucrative in 2021, with total revenues of $712.3bn, equivalent to 53.6% of the sector's overall value.
- Around 78% of business buyers used more than one device to complete single transaction these trends show change in consumer purchasing habits, thereby demand for insurance through the digital channel was increased.

Scope

- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance brokers market in the global
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global insurance brokers market
- 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 Global insurance brokers market with five year forecasts

Reasons to Buy

- What was the size of the Global insurance brokers market by value in 2021?
- What will be the size of the Global insurance brokers market in 2026?
- What factors are affecting the strength of competition in the Global insurance brokers market?
- How has the market performed over the last five years?
- What are the main segments that make up the global's insurance brokers market?

Content

Table of Contents

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. What challenges do the leading players face?
8 Company Profiles
8.1. Arthur J. Gallagher & Co
8.2. Marsh & McLennan Companies Inc
8.3. Willis Towers Watson PLC
8.4. Aon Plc
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine

List of Tables
Table 1: Global insurance brokers sector value: $ billion, 2016-21
Table 2: Global insurance brokers sector category segmentation: % share, by value, 2016-2021
Table 3: Global insurance brokers sector category segmentation: $ billion, 2016-2021
Table 4: Global insurance brokers sector geography segmentation: $ billion, 2021
Table 5: Global insurance brokers sector value forecast: $ billion, 2021-26
Table 6: Arthur J. Gallagher & Co: key facts
Table 7: Arthur J. Gallagher & Co: Annual Financial Ratios
Table 8: Arthur J. Gallagher & Co: Key Employees
Table 9: Arthur J. Gallagher & Co: Key Employees Continued
Table 10: Marsh & McLennan Companies Inc: key facts
Table 11: Marsh & McLennan Companies Inc: Annual Financial Ratios
Table 12: Marsh & McLennan Companies Inc: Key Employees
Table 13: Marsh & McLennan Companies Inc: Key Employees Continued
Table 14: Willis Towers Watson PLC: key facts
Table 15: Willis Towers Watson PLC: Annual Financial Ratios
Table 16: Willis Towers Watson PLC: Key Employees
Table 17: Willis Towers Watson PLC: Key Employees Continued
Table 18: Willis Towers Watson PLC: Key Employees Continued
Table 19: Aon Plc: key facts
Table 20: Aon Plc: Annual Financial Ratios
Table 21: Aon Plc: Key Employees
Table 22: Aon Plc: Key Employees Continued
Table 23: Aon Plc: Key Employees Continued
Table 24: Global exchange rate, 2017-21

List of Figures
Figure 1: Global insurance brokers sector value: $ billion, 2016-21
Figure 2: Global insurance brokers sector category segmentation: $ billion, 2016-2021
Figure 3: Global insurance brokers sector geography segmentation: % share, by value, 2021
Figure 4: Global insurance brokers sector value forecast: $ billion, 2021-26
Figure 5: Forces driving competition in the global insurance brokers sector, 2021
Figure 6: Drivers of buyer power in the global insurance brokers sector, 2021
Figure 7: Drivers of supplier power in the global insurance brokers sector, 2021
Figure 8: Factors influencing the likelihood of new entrants in the global insurance brokers sector, 2021
Figure 9: Factors influencing the threat of substitutes in the global insurance brokers sector, 2021
Figure 10: Drivers of degree of rivalry in the global insurance brokers sector, 2021