Global Online Insurance Brokers Market Overview:
Online Insurance Brokers play an important role in the Insurance industry; they act as an online intermediary between the policyholders and the insurers. Insurance brokerage firms provide professional and technical advice to their clients about insurance products from a range of Insurance carriers according to their clients' needs. The major insurance products sold by insurance brokers include property and casualty, health, and medical insurance. Some of the players profiled in the study are Aon (United Kingdom), Brown & Brown Insurance (United States), Arthur J. Gallagher & Co. (United States), MARSH & MCLENNAN COMPANIES (United States), Willis Towers Watson (United Kingdom), Wells Fargo Insurance Services (United States), National Financial Partners (United States), Meadowbrook Insurance Group (United States), eHealth Inc (United States), QuoteWizard (United States), Policygenius (United States) and Jardine Lloyd Thompson Group (United Kingdom).
On the basis of geography, the market of Online Insurance Brokers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Insurance, the sub-segment i.e. Life Insurance will boost the Online Insurance Brokers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Increasing Demand for Insurance Policies
- Integration of IT and Analytics Solutions
- New Products and Prices Offerings
- Direct Purchase of Insurance Policies by Consumers
- Growing Disposable Income in Emerging Countries
- Rise in Purchase of Damageable Properties Such as Cars, Jewelry and House
- Issues Related to Data Security and Privacy
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies.
Target Audience:Online Insurance Brokers Service Vendors, Financial Institution, Brokerage Houses, End-Use Industry and Others
Major Objectives Focused through this Study To define, describe, and forecast the Global Online Insurance Brokers market on the basis of product  , application [Property, Institution, Individual and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Online Insurance Brokers market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Online Insurance Brokers industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are BB&T Insurance Services(United States) and Hub International (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Online Insurance Brokers market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.