Insurance Brokers in the United Kingdom (UK) - Market Summary, Competitive Analysis and Forecast to 2025

October 2021 | 48 pages | ID: I599FF1FA57CEN
MarketLine

Abstracts

Insurance Brokers in the United Kingdom (UK) - Market Summary, Competitive Analysis and Forecast to 2025

SUMMARY

Insurance Brokers in the United Kingdom industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2016-20, and forecast to 2025). 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 General Insurance and Life Insurance & Pension.
• The UK insurance brokers sector had total revenues of $0.2bn in 2020, representing a compound annual rate of change (CARC) of -4.3% between 2016 and 2020.
• The life insurance and pension segment was the sector's most lucrative in 2020, with total revenues of $0.2bn, equivalent to 69.7% of the sector's overall value.
• The value of the UK insurance brokers sector declined by 6.8% in 2020, as a result of the COVID-19 pandemic, which reduced demand for insurance products.

SCOPE

• Save time carrying out entry-level research by identifying the size, growth, and leading players in the insurance brokers market in the United Kingdom
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance brokers market in the United Kingdom
• 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 United Kingdom insurance brokers market with five year forecasts by both value and volume

REASONS TO BUY

• What was the size of the United Kingdom insurance brokers market by value in 2020?
• What will be the size of the United Kingdom insurance brokers market in 2025?
• What factors are affecting the strength of competition in the United Kingdom insurance brokers market?
• How has the market performed over the last five years?
• How large is the United Kingdom’s insurance brokers market in relation to its regional counterparts?

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 has been the recent M&A activity?
7.5. How did leading players perform in 2020?
7.6. What challenges do the leading players face?

8 COMPANY PROFILES

8.1. Marsh & McLennan Companies Inc
8.2. Aon Plc
8.3. Willis Towers Watson PLC
8.4. Arthur J. Gallagher & Co

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: United Kingdom insurance brokers sector value: $ billion, 2016-20
Table 2: United Kingdom insurance brokers sector category segmentation: $ billion, 2020
Table 3: United Kingdom insurance brokers sector geography segmentation: $ billion, 2020
Table 4: United Kingdom insurance brokers sector value forecast: $ billion, 2020-25
Table 5: Marsh & McLennan Companies Inc: key facts
Table 6: Marsh & McLennan Companies Inc: Annual Financial Ratios
Table 7: Marsh & McLennan Companies Inc: Key Employees
Table 8: Marsh & McLennan Companies Inc: Key Employees Continued
Table 9: Aon Plc: key facts
Table 10: Aon Plc: Annual Financial Ratios
Table 11: Aon Plc: Key Employees
Table 12: Aon Plc: Key Employees Continued
Table 13: Willis Towers Watson PLC: key facts
Table 14: Willis Towers Watson PLC: Annual Financial Ratios
Table 15: Willis Towers Watson PLC: Key Employees
Table 16: Willis Towers Watson PLC: Key Employees Continued
Table 17: Arthur J. Gallagher & Co: key facts
Table 18: Arthur J. Gallagher & Co: Annual Financial Ratios
Table 19: Arthur J. Gallagher & Co: Annual Financial Ratios (Continued)
Table 20: Arthur J. Gallagher & Co: Key Employees
Table 21: Arthur J. Gallagher & Co: Key Employees Continued
Table 22: United Kingdom size of population (million), 2016-20
Table 23: United Kingdom gdp (constant 2005 prices, $ billion), 2016-20
Table 24: United Kingdom gdp (current prices, $ billion), 2016-20
Table 25: United Kingdom inflation, 2016-20
Table 26: United Kingdom consumer price index (absolute), 2016-20
Table 27: United Kingdom exchange rate, 2016-20

List Of Figures

LIST OF FIGURES

Figure 1: United Kingdom insurance brokers sector value: $ billion, 2016-20
Figure 2: United Kingdom insurance brokers sector category segmentation: % share, by value, 2020
Figure 3: United Kingdom insurance brokers sector geography segmentation: % share, by value, 2020
Figure 4: United Kingdom insurance brokers sector value forecast: $ billion, 2020-25
Figure 5: Forces driving competition in the insurance brokers sector in the United Kingdom, 2020
Figure 6: Drivers of buyer power in the insurance brokers sector in the United Kingdom, 2020
Figure 7: Drivers of supplier power in the insurance brokers sector in the United Kingdom, 2020
Figure 8: Factors influencing the likelihood of new entrants in the insurance brokers sector in the United Kingdom, 2020
Figure 9: Factors influencing the threat of substitutes in the insurance brokers sector in the United Kingdom, 2020
Figure 10: Drivers of degree of rivalry in the insurance brokers sector in the United Kingdom, 2020