Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Chart: Cost Structure Benchmarking – Sector vs Insurance Brokerage
Basis of Competition
Internal competitionExternal competition
Barriers to Entry
Table: Barrier to Entry Checklist for the Insurance Brokerage Industry
Industry Globalization
Major Companies
| Steadfast Group Limited |
| AUB Group Limited |
| IBNA Limited |
| Table: Steadfast Group Limited - financial performance |
| Table: AUB Group Limited - financial performance |
| Table: IBNA Limited - financial performance |
Operating Conditions
Capital Intensity
Chart: Level of Capital Intensity for the Insurance Brokerage IndustryChart: Tools of the Trade: Growth Strategies for Success
Technology & Systems
Revenue Volatility
Chart: Volatility vs Industry Growth
Regulation & Policy
Industry Assistance
Key Statistics
Table: Industry Data for the Insurance Brokerage Industry
Includes:
Industry Revenue (2008-2022)Industry Gross Product (2008-2022)Establishments (2008-2022)Businesses (2008-2022)Employment (2008-2022)Wages (2008-2022)
Table: Annual Percentage Change for Key Industry Data
Table: Key Ratios for Industry Key Data
Jargon & Glossary
Bancassurance
The selling of insurance products by a bank. |
Broker
A party that connects buyers with sellers to facilitate the exchange of goods or services. |
Distribution Network
While they act independently, individual brokers can form partnerships or alliances and can join networks to share resources and benefit from leads provided by the network. |
Market Hardening
A market where insurance premium prices are increasing. Insurance markets harden when the demand for insurance overshoots supply. The supply of insurance depends on an insurer's capital position. |
Premium
An amount of money paid to acquire a certain level of insurance cover for a specified period of time. |
Trail Commission
A type of commission paid annually by the insurer to the adviser or broker in the years after setting up the policy. |