Insurance Brokerage Market to Grow at 4.27% CAGR - Big Data and BI Incorporation Driving Market Growth to 2020 - Seite 2

Global Insurance Brokerage Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. This report covers the present scenario and the growth prospects of the Global Insurance Brokerage Market for 2016-2020. To calculate the market size, the report considers the revenue generated primarily through the fees paid by clients; commissions and fees collected from the insurers; and funds that are held on behalf of the clients.

Key players in the Global Insurance Brokerage Market: Aon, Arthur J. Gallagher, Willis, and Marsh and McLennan. Other prominent vendors in the market are: BB&T Insurance Services, Brown & Brown, HUB International, Jardine Lloyd Thompson Group, Meadowbrook Insurance Group, and National Financial Partners. Order a copy of Global Insurance Brokerage Market 2016-2020 report @ http://www.sandlerresearch.org/purchase?rname=54382 .

 A nation's economic growth usually drives its citizen's income and business activities. The rise in spending power of the people drives demands for various products and services, including insurance products among others. Growing demand for insurance products in developing countries such as India, China, and nations in Southeast Asia has heralded the entry of new insurance agents (or brokers) that earn huge sums as brokerage fees. Insurance brokerage market competition is based on services, product features, prices, commission structures, financial strength and resources, customer bases, geographical presence, and brand recognition. Further, the report states that one challenge that could restrict market growth is the facility of online purchasing of policies from insurance firms.

Another related report is Global Property Insurance Market 2016-2020, the analysts forecast global property insurance market to grow at a CAGR of 5.6% during the period 2016-2020. An upcoming trend in the insurance industry is the use of data analytics and predictive modeling strategies. Many top analytics companies are tying-ups with property insurance firms to improve the underwriting profits and also to lower the loss ratio. Customers are demanding innovative solutions and telematics in the commercial property policy and commercial package offered. Browse complete report @ http://www.sandlerresearch.org/global-property-insurance-market-2016-2020.html .