Summary
Insurance Brokers in Australia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Synopsis
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.
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 2017 exchange rates.
- The Australian insurance brokers sector had total revenues of $495.4m in 2017, representing a compound annual growth rate (CAGR) of 2.9% between 2013 and 2017.
- The primary insurance segment was the sector's most lucrative in 2017, with total revenues of $429.0m, equivalent to 86.6% of the sector's overall 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
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 2017?
- What will be the size of the Australia insurance brokers market in 2022?
- 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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Table of Contents
Executive Summary 2
Market value 2
Market value forecast 2
Category segmentation 2
Geography segmentation 2
Market rivalry 2
Market Overview 7
Market definition 7
Market analysis 7
Market Data 9
Market value 9
Market Segmentation 10
Category segmentation 10
Geography segmentation 11
Market Outlook 12
Market value forecast 12
Five Forces Analysis 13
Summary 13
Buyer power 14
Supplier power 15
New entrants 16
Threat of substitutes 18
Degree of rivalry 19
Leading Companies 21
Aon Plc 21
MGA Insurance Brokers Pty Ltd 25
Marsh & McLennan Companies, Inc. 26
Mega Capital Pty Ltd 30
Macroeconomic Indicators 31
Country data 31
Methodology 33
Industry associations 34
Related MarketLine research 34
Appendix 35
About MarketLine 35
List of Tables
Table 1: Australia insurance brokers sector value: $ billion, 2013-17
Table 2: Australia insurance brokers sector category segmentation: $ billion, 2017
Table 3: Australia insurance brokers sector geography segmentation: $ billion, 2017
Table 4: Australia insurance brokers sector value forecast: $ billion, 2017-22
Table 5: Aon Plc: key facts
Table 6: Aon Plc: key financials ($)
Table 7: Aon Plc: key financial ratios
Table 8: MGA Insurance Brokers Pty Ltd: key facts
Table 9: Marsh & McLennan Companies, Inc.: key facts
Table 10: Marsh & McLennan Companies, Inc.: key financials ($)
Table 11: Marsh & McLennan Companies, Inc.: key financials (€)
Table 12: Marsh & McLennan Companies, Inc.: key financial ratios
Table 13: Mega Capital Pty Ltd: key facts
Table 14: Australia size of population (million), 2013-17
Table 15: Australia gdp (constant 2005 prices, $ billion), 2013-17
Table 16: Australia gdp (current prices, $ billion), 2013-17
Table 17: Australia inflation, 2013-17
Table 18: Australia consumer price index (absolute), 2013-17
Table 19: Australia exchange rate, 2013-17
List of Figures
Figure 1: Australia insurance brokers sector value: $ billion, 2013-17
Figure 2: Australia insurance brokers sector category segmentation: % share, by value, 2017
Figure 3: Australia insurance brokers sector geography segmentation: % share, by value, 2017
Figure 4: Australia insurance brokers sector value forecast: $ billion, 2017-22
Figure 5: Forces driving competition in the insurance brokers sector in Australia, 2017
Figure 6: Drivers of buyer power in the insurance brokers sector in Australia, 2017
Figure 7: Drivers of supplier power in the insurance brokers sector in Australia, 2017
Figure 8: Factors influencing the likelihood of new entrants in the insurance brokers sector in Australia, 2017
Figure 9: Factors influencing the threat of substitutes in the insurance brokers sector in Australia, 2017
Figure 10: Drivers of degree of rivalry in the insurance brokers sector in Australia, 2017
Figure 11: Aon Plc: revenues & profitability
Figure 12: Aon Plc: assets & liabilities
Figure 13: Marsh & McLennan Companies, Inc.: revenues & profitability
Figure 14: Marsh & McLennan Companies, Inc.: assets & liabilities
