Insurance Brokers in Australia

December 2019 | 37 pages | ID: I5E1C2096DAEN
MarketLine

Abstracts

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?

Contents

1 EXECUTIVE SUMMARY

1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive Landscape

2 MARKET OVERVIEW

2.1. Market definition
2.2. Market analysis

3 MARKET DATA

3.1. Market value

4 MARKET SEGMENTATION

4.1. Category segmentation
4.2. Geography segmentation

5 MARKET OUTLOOK

5.1. Market value forecast

6 FIVE FORCES ANALYSIS

6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry

7 COMPETITIVE LANDSCAPE

7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the strengths of the leading players?
7.4. What challenges do the leading players face?

8 COMPANY PROFILES

8.1. Marsh & McLennan Companies Asia-Pacific
8.2. Aon Plc
8.3. MGA Insurance Brokers Pty Ltd
8.4. Arthur J. Gallagher & Co (Aus) Limited.

9 MACROECONOMIC INDICATORS

9.1. Country data

10 APPENDIX

10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine

List Of Tables

LIST OF TABLES

Table 1: Australia insurance brokers sector value: $ million, 2014-18
Table 2: Australia insurance brokers sector category segmentation: $ million, 2018
Table 3: Australia insurance brokers sector geography segmentation: $ million, 2018
Table 4: Australia insurance brokers sector value forecast: $ million, 2018-23
Table 5: Marsh & McLennan Companies Asia-Pacific: key facts
Table 6: Marsh & McLennan Companies Asia-Pacific: Key Employees
Table 7: Aon Plc: key facts
Table 8: Aon Plc: Annual Financial Ratios
Table 9: Aon Plc: Key Employees
Table 10: Aon Plc: Key Employees Continued
Table 11: MGA Insurance Brokers Pty Ltd: key facts
Table 12: MGA Insurance Brokers Pty Ltd: Key Employees
Table 13: Arthur J. Gallagher & Co (Aus) Limited.: key facts
Table 14: Arthur J. Gallagher & Co (Aus) Limited.: Key Employees
Table 15: Australia size of population (million), 2014-18
Table 16: Australia gdp (constant 2005 prices, $ billion), 2014-18
Table 17: Australia gdp (current prices, $ billion), 2014-18
Table 18: Australia inflation, 2014-18
Table 19: Australia consumer price index (absolute), 2014-18
Table 20: Australia exchange rate, 2014-18

List Of Figures

LIST OF FIGURES

Figure 1: Australia insurance brokers sector value: $ million, 2014-18
Figure 2: Australia insurance brokers sector category segmentation: % share, by value, 2018
Figure 3: Australia insurance brokers sector geography segmentation: % share, by value, 2018
Figure 4: Australia insurance brokers sector value forecast: $ million, 2018-23
Figure 5: Forces driving competition in the insurance brokers sector in Australia, 2018
Figure 6: Drivers of buyer power in the insurance brokers sector in Australia, 2018
Figure 7: Drivers of supplier power in the insurance brokers sector in Australia, 2018
Figure 8: Factors influencing the likelihood of new entrants in the insurance brokers sector in Australia, 2018
Figure 9: Factors influencing the threat of substitutes in the insurance brokers sector in Australia, 2018
Figure 10: Drivers of degree of rivalry in the insurance brokers sector in Australia, 2018

COMPANIES MENTIONED

Marsh & McLennan Companies Asia-Pacific
Aon Plc
MGA Insurance Brokers Pty Ltd
Arthur J. Gallagher & Co (Aus) Limited.