London, 29 September 2014 – TechNavio, a global tech-focused research firm has announced the publication of its market research report on the Global Insurance Brokerage Market 2014-2018.
Insurance brokers provide professional and technical advice to clients about a variety of insurance products, depending on individual needs. The major insurance products sold by these brokers include property, casualty, health and medical insurance. The Global Insurance Brokerage Market is expected to grow at a CAGR of 4.07 percent from 2013-2018.
About the Report
The latest report by TechNavio focuses on the growing demand for insurance brokerage services that depend on a consumers income and business activities. The report also discusses the growing intensity of competition among the industry players, which has resulted in many mergers, acquisitions and consolidations in the industry.
“The prevailing lower interest rates and lower investment yields have slowed down the revenue and organic growth of insurance brokerage firms. This has led to the development of a market structure with major players controlling the market. In order to expand their geographic presence, these big players in the industry are going for consolidation with the regional players, which will shift the current insurance brokerage market,” says Faisal Ghaus, Vice President of TechNavio.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Economic Recovery
- For a full detailed list, view our report.
Market Challenges:
- Slow Growth in Mature Markets
- For a full detailed list, view our report.
Market Trends:
- Consolidation in the Industry
- For a full detailed list, view our report.
Key Vendors:
- Aon plc
- Arthur J. Gallagher & Co.
- Marsh & McLennan Cos.
- Willis Group Holdings Ltd.
Other Prominent Vendors:
- Brown & Brown
- HUB International
- Jardine Lloyd Thompson Group
- Meadowbrook Insurance Group.
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
