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Insurance Brokers in Asia-Pacific

Summary
Insurance Brokers in Asia-Pacific 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.

Key Findings

- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance brokers market in Asia-Pacific
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance brokers market in Asia-Pacific
- 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 Asia-Pacific insurance brokers market with five year forecasts

Synopsis
Essential resource for top-line data and analysis covering the Asia-Pacific insurance brokers market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Reasons To Buys

- What was the size of the Asia-Pacific insurance brokers market by value in 2016?
- What will be the size of the Asia-Pacific insurance brokers market in 2021?
- What factors are affecting the strength of competition in the Asia-Pacific insurance brokers market?
- How has the market performed over the last five years?
- What are the main segments that make up Asia-Pacific's insurance brokers market?

Key Highlights

- 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 Asia-Pacific insurance brokers sector had total revenues of $3,172.2m in 2016, representing a compound annual growth rate (CAGR) of 8.4% between 2012 and 2016.
- The primary insurance segment was the sector's most lucrative in 2016, with total revenues of $2,612.8m, equivalent to 82.4% of the sector's overall value. The reinsurance segment contributed revenues of $559.5m in 2016, equating to 17.6% of the sector's aggregate value.
- Insurance brokerage is not quite expanded in the Asia-Pacific region. Only in a few countries namely, China, India, Japan, South Korea and Australia does intermediation plays a significant role on the distribution of insurance products. Moreover, China and India are the two countries where insurance brokerage is in the process of emergence, amid the rising income of the population that increases demand for insurance products. In fact, these two countries drove the growth of the Asia-Pacific sector by achieving double-digit growth rates. Overall, the decelerating growth of the global sector is attributable to declining insurance premium rates in recent years that led to lower commission fees and profit margins for insurance brokers.