Insurance Brokers in Australia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Essential resource for top-line data and analysis covering the Australia insurance brokers market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
The insurance brokers sector 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 2016 exchange rates.
The Australian insurance brokers sector had total revenues of $332.6m in 2016, representing a compound annual growth rate (CAGR) of 5.2% between 2012 and 2016.
The primary insurance segment was the sector's most lucrative in 2016, with total revenues of $288.0m, equivalent to 86.6% of the sector's overall value. The reinsurance segment contributed revenues of $44.6m in 2016, equating to 13.4% of the sector's aggregate value.
Demand for non-life insurance products has been growing in recent years in Australia. In fact, the deceleration of the sector in the period 2014-15 was a result of a price war on premiums provoked by insurance companies, also hurting the earnings of brokers. Accordingly, the sector achieved a strong growth rate in 2016 due to a recovery of premium-prices, especially in commercial insurance, in that year.
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 2016?
What will be the size of the Australia insurance brokers market in 2021?
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?