Insurance Brokers in Australia

Insurance Brokers in Australia

  • December 2019 •
  • 37 pages •
  • Report ID: 4978490 •
  • Format: PDF
Insurance Brokers in Australia

Summary
Insurance Brokers in Australia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2014-18, and forecast to 2023). 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 non-life insurance and reinsurance brokerage firms. All currency conversions have been carried out at constant annual average 2018 exchange rates.
- The Australian insurance brokers sector had total revenues of $490.7m in 2018, representing a compound annual growth rate (CAGR) of 3% between 2014 and 2018.
- The primary insurance segment was the most lucrative sector in 2018, with total revenues of $424.9m, equivalent to 86.6% of the sector’s overall value.
- The performance of the sector is forecast to decelerate, with an anticipated CAGR of 2.8% for the five-year period 2018 - 2023, which is expected to drive the sector to a value of $562.7m by the end of 2023.

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

Reasons to buy
- What was the size of the Australia insurance brokers market by value in 2018?
- What will be the size of the Australia insurance brokers market in 2023?
- 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?
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