Close Lucintel Chat
Didn't Find What You're Looking for?
Call us at +1972 636 5056 or write at helpdesk@Lucintel.com
Ask an Expert Provide Custom Requirements Download Sample Report Search Available Reports
  • helpdesk@Lucintel.com
  • |
  • Call Lucintel +1 972 636 5056
  • |
  • Login
  • |
  • Register
  • |
  • Search
  • |
'
...

The Impact of COVID-19 is included in Insurance Agency Market Report. Buy it today to get an advantage.

Request the impact of COVID-19 on your product or industry


Insurance Agency Trends and Forecast

The future of the global insurance agency market looks promising with opportunities in the corporate and individual markets. The global insurance agency market is expected to grow with a CAGR of 7.6% from 2024 to 2030. The major drivers for this market are rising awareness about the benefits of insurance coverage and increasing number of cyber threat.
Insurance Agency Trends and Forecast

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Insurance Agency by Segment

Insurance Agency by Segment

The study includes a forecast for the global insurance agency by insurance, mode, end use, and region.

Insurance Agency Market by Insurance [Shipment Analysis by Value from 2018 to 2030]:


• Life Insurance
• Property and Casualty Insurance
• Health and Medical Insurance
• Others

Insurance Agency Market by Mode [Shipment Analysis by Value from 2018 to 2030]:


• Online
• Offline

Insurance Agency Market by End Use [Shipment Analysis by Value from 2018 to 2030]:


• Corporate
• Individual

Insurance Agency Market by Region [Shipment Analysis by Value from 2018 to 2030]:


• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Insurance Agency Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies insurance agency companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the insurance agency companies profiled in this report include-
• McGriff Insurance Services
• Marsh & McLennan Agency
• Aon
• Brown & Brown Insurance
• HUB International
• USI Insurance
• AXA Equitable

Insurance Agency Market Insights

Lucintel forecasts that life insurance is expected to witness highest growth over the forecast period.
Within this market, individual will remain the larger segment due to rising need for personal coverage.
North America will remain the largest region over the forecast period due to advancement in technology and rising awareness towards the benefits of insurance coverage in the region.

Features of the Global Insurance Agency Market

Market Size Estimates: Insurance agency market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Insurance agency market size by insurance, mode, end use, and region in terms of value ($B).
Regional Analysis: Insurance agency market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different insurance, modes, end uses, and regions for the insurance agency market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the insurance agency market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the growth forecast for insurance agency market?
Answer: The global insurance agency market is expected to grow with a CAGR of 7.6% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the insurance agency market?
Answer: The major drivers for this market are rising awareness about the benefits of insurance coverage and increasing number of cyber threat.
Q3. What are the major segments for insurance agency market?
Answer: The future of the insurance agency market looks promising with opportunities in the corporate and individual markets.
Q4. Who are the key insurance agency market companies?
Answer: Some of the key insurance agency companies are as follows:
• McGriff Insurance Services
• Marsh & McLennan Agency
• Aon
• Brown & Brown Insurance
• HUB International
• USI Insurance
• AXA Equitable
Q5. Which insurance agency market segment will be the largest in future?
Answer: Lucintel forecasts that life insurance is expected to witness highest growth over the forecast period.
Q6. In insurance agency market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to advancement in technology and rising awareness towards the benefits of insurance coverage in the region.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the insurance agency market by insurance (life insurance, property and casualty insurance, health and medical insurance, and others), mode (online and offline), end use (corporate and individual), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

For any questions related to Insurance Agency Market, Insurance Agency Market Size, Insurance Agency Market Growth, Insurance Agency Market Analysis, Insurance Agency Market Report, Insurance Agency Market Share, Insurance Agency Market Trends, Insurance Agency Market Forecast, Insurance Agency Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents

1. Executive Summary

2. Global Insurance Agency Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Insurance Agency Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Insurance Agency Market by Insurance
3.3.1: Life Insurance
3.3.2: Property and Casualty Insurance
3.3.3: Health and Medical Insurance
3.3.4: Others
3.4: Global Insurance Agency Market by Mode
3.4.1: Online
3.4.2: Offline
3.5: Global Insurance Agency Market by End Use
3.5.1: Corporate
3.5.2: Individual

4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Insurance Agency Market by Region
4.2: North American Insurance Agency Market
4.2.1: North American Insurance Agency Market by Insurance: Life Insurance, Property and Casualty Insurance, Health and Medical Insurance, and Others
4.2.2: North American Insurance Agency Market by End Use: Corporate and Individual
4.3: European Insurance Agency Market
4.3.1: European Insurance Agency Market by Insurance: Life Insurance, Property and Casualty Insurance, Health and Medical Insurance, and Others
4.3.2: European Insurance Agency Market by End Use: Corporate and Individual
4.4: APAC Insurance Agency Market
4.4.1: APAC Insurance Agency Market by Insurance: Life Insurance, Property and Casualty Insurance, Health and Medical Insurance, and Others
4.4.2: APAC Insurance Agency Market by End Use: Corporate and Individual
4.5: ROW Insurance Agency Market
4.5.1: ROW Insurance Agency Market by Insurance: Life Insurance, Property and Casualty Insurance, Health and Medical Insurance, and Others
4.5.2: ROW Insurance Agency Market by End Use: Corporate and Individual

5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis

6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Insurance Agency Market by Insurance
6.1.2: Growth Opportunities for the Global Insurance Agency Market by Mode
6.1.3: Growth Opportunities for the Global Insurance Agency Market by End Use
6.1.4: Growth Opportunities for the Global Insurance Agency Market by Region
6.2: Emerging Trends in the Global Insurance Agency Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Insurance Agency Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Insurance Agency Market
6.3.4: Certification and Licensing

7. Company Profiles of Leading Players
7.1: McGriff Insurance Services
7.2: Marsh & McLennan Agency
7.3: Aon
7.4: Brown & Brown Insurance
7.5: HUB International
7.6: USI Insurance
7.7: AXA Equitable
.

Buy full report or by chapter as follows

Price by License Type:
[-] Hide Chapter Details
[Chapter Number] [Chapter Name] [Chapter Number Of Pages] [Chapter Price]
Title/Chapter Name Pages Price
Full Report: Insurance Agency Market Report: Trends, Forecast and Competitive Analysis to 2030 Full Report $ 4,850
A 150 Page Report
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.