Europe Insurance Brokerage Market - By Type ; By Mode ; By Commission ; By Country, Trend Analysis, Competitive Landscape & Forecast, 2019-2029

Europe insurance brokerage market is growing due to an increasing demand for insurance products, growing awareness of the benefits of insurance, and the rise in digitalization in the insurance industry.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects the Europe insurance brokerage market size to grow at a steady CAGR of 5.84% during the forecast period between 2023 and 2029. Europe insurance brokerage industry is projected to grow at a moderate rate in the coming years, due to rising demand for insurance products in a variety of industries, including automotive, healthcare, and real estate. Insurtech and digitalization are projected to have a substantial impact on the sector, with many brokers investing in technology to improve customer experience and streamline operations. However, regulatory pressures and economic uncertainty may stymie market growth, with some industry consolidation expected. Overall, the market is expected to remain competitive, with established players competing for market share alongside new entrants.

Europe Insurance Brokerage Market - Overview:

Insurance brokers serve as a liaison between clients and insurance firms, assisting clients in locating and purchasing insurance coverage that is appropriate for their needs. A variety of brokerage firms, from huge international organizations to smaller individual businesses, are present on the market. Risk evaluation, policy selection, claims handling and other associated services are provided by insurance brokers. Brokers compete on issues like pricing, service level, and specialization in particular insurance types in this highly competitive sector.

Impact of COVID-19 on Europe Insurance Brokerage Market

The COVID-19 pandemic significantly impacted the Europe insurance brokerage market, as it affected the overall economic environment and consumer behavior. The insurance industry witnessed a surge in demand for certain types of insurance policies, such as health and life insurance, while demand for others, such as travel insurance, decreased significantly. The pandemic also forced many companies to adapt to remote work, which impacted the way insurance brokers operate and communicate with clients. Despite these challenges, the Europe insurance brokerage market is expected to recover as the region emerges from the pandemic, and brokers are adapting to the changing landscape by leveraging digital channels and technology.

Europe Insurance Brokerage Market - By Type:

On the basis of type, Europe insurance brokerage market is divided into General Insurance, Life Insurance, and Health Insurance segments. The general insurance segment, which includes property and casualty coverage, liability insurance, and other non-life insurance products, is the largest segment of the market. Life insurance, which includes policies that provide benefits upon death or disability, is the second-largest segment. Health insurance, which includes policies that cover medical expenses and other health-related costs, is the fastest-growing segment of the market. Insurance brokers play a crucial role in helping consumers and businesses navigate the complex landscape of insurance products and policies offered by various insurers.

Competitive Landscape:

Europe insurance brokerage market is significantly competitive. Major companies in the market include Marsh & McLennan Companies, Aon plc, Willis Towers Watson, Howden Group Holdings, BMS Group Limited, Arthur J. Gallagher & Co., Lockton Companies, Inc., JLT Group, RFIB Group Limited, UIB Holdings (UK) Limited, Ecclesiastical Insurance Office plc, Miller Insurance Services LLP, Oval Insurance Broking Limited, Towergate Insurance Brokers, and Bluefin Insurance Services Limited. These companies use various strategies, including increasing investments in their R&D activities, mergers and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Europe insurance brokerage market.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Europe Insurance Brokerage Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Europe Insurance Brokerage Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC23370

1. Research Framework

1.1. Research Objective
1.2. Technology Overview
1.3. Market Segmentation

2. Executive Summary

3. Europe Insurance Brokerage Market Insights

3.1. Industry Value Chain Analysis
3.2. DROC Analysis
- 3.2.1. Growth Drivers
  - 3.2.1.1. Increasing demand for insurance products due to the rise in risk factors
  - 3.2.1.2. Technological advancements in the insurance industry
  - 3.2.1.3. Growing awareness among consumers about the benefits of insurance policies
- 3.2.2. Restraints
  - 3.2.2.1. Intense competition in the insurance brokerage market
  - 3.2.2.2. Lack of transparency in insurance policies and complex regulatory requirements
- 3.2.3. Opportunities
  - 3.2.3.1. The rise of Insurtech startups and their potential to disrupt the traditional insurance brokerage market
  - 3.2.3.2. Increasing demand for corporate insurance policies
- 3.2.4. Challenges
  - 3.2.4.1. Managing risk associated with insuring emerging industries and technologies
3.3. Technology Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry

4. Europe Insurance Brokerage Market Overview

4.1. Market Size & Forecast, 2019-2029
- 4.1.1. By Value (USD Million)
- 4.1.2. Market Share and Forecast
- 4.1.3. By Type
  - 4.1.3.1. General Insurance
  - 4.1.3.2. Life Insurance
  - 4.1.3.3. Health Insurance
  - 4.1.3.4. Others
- 4.1.4. By Mode
  - 4.1.4.1. Online
  - 4.1.4.2. Offline
- 4.1.5. By Commission
  - 4.1.5.1. Policy Basis
  - 4.1.5.2. Premium Basis
  - 4.1.5.3. Fixed
- 4.1.6. By Country
  - 4.1.6.1. Germany
  - 4.1.6.2. United Kingdom
  - 4.1.6.3. Italy
  - 4.1.6.4. France
  - 4.1.6.5. Spain
  - 4.1.6.6. Belgium
  - 4.1.6.7. Russia
  - 4.1.6.8. Netherlands
  - 4.1.6.9. Rest of Europe

5. Germany Insurance Brokerage Market Overview

5.1. Market Size & Forecast, 2019-2029
- 5.1.1. By Value (USD Million)
5.2. Market Share & Forecast
- 5.2.1. By Type
- 5.2.2. By Mode
- 5.2.3. By Commission

6. United Kingdom Insurance Brokerage Market Overview

6.1. Market Size & Forecast, 2019-2029
- 6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Mode
- 6.2.3. By Commission

7. Italy Insurance Brokerage Market Overview

7.1. Market Size & Forecast, 2019-2029
- 7.1.1. By Value (USD Million)
7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Mode
- 7.2.3. By Commission

8. France Insurance Brokerage Market Overview

8.1. Market Size & Forecast, 2019-2029
- 8.1.1. By Value (USD Million)
8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Mode
- 8.2.3. By Commission

9. Spain Insurance Brokerage Market Overview

9.1. Market Size & Forecast, 2019-2029
- 9.1.1. By Value (USD Million)
9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Mode
- 9.2.3. By Commission

10. Belgium Insurance Brokerage Market Overview

10.1. Market Size & Forecast, 2019-2029
- 10.1.1. By Value (USD Million)
10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Mode
- 10.2.3. By Commission

11. Russia Insurance Brokerage Market Overview

11.1. Market Size & Forecast, 2019-2029
- 11.1.1. By Value (USD Million)
11.2. Market Share & Forecast
- 11.2.1. By Type
- 11.2.2. By Mode
- 11.2.3. By Commission

12. Netherlands Insurance Brokerage Market Overview

12.1. Market Size & Forecast, 2019-2029
- 12.1.1. By Value (USD Million)
12.2. Market Share & Forecast
- 12.2.1. By Type
- 12.2.2. By Mode
- 12.2.3. By Commission

13. Rest of Europe Insurance Brokerage Market Overview

13.1. Market Size & Forecast, 2019-2029
- 13.1.1. By Value (USD Million)
13.2. Market Share & Forecast
- 13.2.1. By Type
- 13.2.2. By Mode
- 13.2.3. By Commission

14. Competitive Landscape

14.1. List of Key Players and Their Offerings
14.2. Europe Insurance Brokerage Market Share Analysis, 2022
14.3. Competitive Benchmarking, By Operating Parameters
14.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)

15. Impact of Covid-19 on Europe Insurance Brokerage Market

16. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)

16.1. Marsh & McLennan Companies
16.2. Aon plc
16.3. Willis Towers Watson
16.4. Howden Group Holdings
16.5. BMS Group Limited
16.6. Arthur J. Gallagher & Co.
16.7. Lockton Companies, Inc.
16.8. JLT Group
16.9. RFIB Group Limited
16.10. UIB Holdings (UK) Limited
16.11. Ecclesiastical Insurance Office plc
16.12. Miller Insurance Services LLP
16.13. Oval Insurance Broking Limited
16.14. Towergate Insurance Brokers
16.15. Bluefin Insurance Services Limited
16.16. Other Prominent Players

17. Key Strategic Recommendations

18. Research Methodology

18.1. Qualitative Research
- 18.1.1. Primary & Secondary Research
18.2. Quantitative Research
18.3. Market Breakdown & Data Triangulation
- 18.3.1. Secondary Research
- 18.3.2. Primary Research
18.4. Breakdown of Primary Research Respondents, By Region
18.5. Assumptions & Limitations

*Financial information in case of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

Product Code: BWC23370

List of Figures

Figure 1 Europe Insurance Brokerage Segmentation
Figure 2 Europe Insurance Brokerage Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 Europe Insurance Brokerage Market Size, By Value (USD Million), 2019-2029
Figure 5 Europe Insurance Brokerage Market Share, By Type, By Value, 2019-2029
Figure 6 Europe Insurance Brokerage Market Share, By Mode, By Value, 2019-2029
Figure 7 Europe Insurance Brokerage Market Share, By Commission, By Value, 2019-2029
Figure 8 Germany Insurance Brokerage Market Size, By Value (USD Million), 2019-2029
Figure 9 Germany Insurance Brokerage Market Share, By Type, By Value, 2019-2029
Figure 10 Germany Insurance Brokerage Market Share, By Mode, By Value, 2019-2029
Figure 11 Germany Insurance Brokerage Market Share, By Commission, By Value, 2019-2029
Figure 12 United Kingdom Insurance Brokerage Market Size, By Value (USD Million), 2019-2029
Figure 13 United Kingdom Insurance Brokerage Market Share, By Type, By Value, 2019-2029
Figure 14 United Kingdom Insurance Brokerage Market Share, By Mode, By Value, 2019-2029
Figure 15 United Kingdom Insurance Brokerage Market Share, By Commission, By Value, 2019-2029
Figure 16 Italy Insurance Brokerage Market Size, By Value (USD Million), 2019-2029
Figure 17 Italy Insurance Brokerage Market Share, By Type, By Value, 2019-2029
Figure 18 Italy Insurance Brokerage Market Share, By Mode, By Value, 2019-2029
Figure 19 Italy Insurance Brokerage Market Share, By Commission, By Value, 2019-2029
Figure 20 France Insurance Brokerage Market Size, By Value (USD Million), 2019-2029
Figure 21 France Insurance Brokerage Market Share, By Type, By Value, 2019-2029
Figure 22 France Insurance Brokerage Market Share, By Mode, By Value, 2019-2029
Figure 23 France Insurance Brokerage Market Share, By Commission, By Value, 2019-2029
Figure 24 Spain Insurance Brokerage Market Size, By Value (USD Million), 2019-2029
Figure 25 Spain Insurance Brokerage Market Share, By Type, By Value, 2019-2029
Figure 26 Spain Insurance Brokerage Market Share, By Mode, By Value, 2019-2029
Figure 27 Spain Insurance Brokerage Market Share, By Commission, By Value, 2019-2029
Figure 28 Belgium Insurance Brokerage Market Size, By Value (USD Million), 2019-2029
Figure 29 Belgium Insurance Brokerage Market Share, By Type, By Value, 2019-2029
Figure 30 Belgium Insurance Brokerage Market Share, By Mode, By Value, 2019-2029
Figure 31 Belgium Insurance Brokerage Market Share, By Commission, By Value, 2019-2029
Figure 32 Russia Insurance Brokerage Market Size, By Value (USD Million), 2019-2029
Figure 33 Russia Insurance Brokerage Market Share, By Type, By Value, 2019-2029
Figure 34 Russia Insurance Brokerage Market Share, By Mode, By Value, 2019-2029
Figure 35 Russia Insurance Brokerage Market Share, By Commission, By Value, 2019-2029
Figure 36 Netherlands Insurance Brokerage Market Size, By Value (USD Million), 2019-2029
Figure 37 Netherlands Insurance Brokerage Market Share, By Type, By Value, 2019-2029
Figure 38 Netherlands Insurance Brokerage Market Share, By Mode, By Value, 2019-2029
Figure 39 Netherlands Insurance Brokerage Market Share, By Commission, By Value, 2019-2029
Figure 40 Rest of Europe Insurance Brokerage Market Size, By Value (USD Million), 2019-2029
Figure 41 Rest of Europe Insurance Brokerage Market Share, By Type, By Value, 2019-2029
Figure 42 Rest of Europe Insurance Brokerage Market Share, By Mode, By Value, 2019-2029
Figure 43 Rest of Europe Insurance Brokerage Market Share, By Commission, By Value, 2019-2029

List of Tables

Table 1 Europe Insurance Brokerage Market Size, By Value (USD Million), 2019-2029
Table 2 Europe Insurance Brokerage Market Size, By Type, By Value, 2019-2029
Table 3 Europe Insurance Brokerage Market Size, By Mode, By Value, 2019-2029
Table 4 Europe Insurance Brokerage Market Size, By Commission, By Value, 2019-2029
Table 5 Germany Insurance Brokerage Market Size, By Value (USD Million), 2019-2029
Table 6 Germany Insurance Brokerage Market Share, By Type, By Value, 2019-2029
Table 7 Germany Insurance Brokerage Market Share, By Mode, By Value, 2019-2029
Table 8 Germany Insurance Brokerage Market Share, By Commission, By Value, 2019-2029
Table 9 United Kingdom Insurance Brokerage Market Size, By Value (USD Million), 2019-2029
Table 10 United Kingdom Insurance Brokerage Market Share, By Type, By Value, 2019-2029
Table 11 United Kingdom Insurance Brokerage Market Share, By Mode, By Value, 2019-2029
Table 12 United Kingdom Insurance Brokerage Market Share, By Commission, By Value, 2019-2029
Table 13 Italy Insurance Brokerage Market Size, By Value (USD Million), 2019-2029
Table 14 Italy Insurance Brokerage Market Share, By Type, By Value, 2019-2029
Table 15 Italy Insurance Brokerage Market Share, By Mode, By Value, 2019-2029
Table 16 Italy Insurance Brokerage Market Share, By Commission, By Value, 2019-2029
Table 17 France Insurance Brokerage Market Size, By Value (USD Million), 2019-2029
Table 18 France Insurance Brokerage Market Share, By Type, By Value, 2019-2029
Table 19 France Insurance Brokerage Market Share, By Mode, By Value, 2019-2029
Table 20 France Insurance Brokerage Market Share, By Commission, By Value, 2019-2029
Table 21 Spain Insurance Brokerage Market Size, By Value (USD Million), 2019-2029
Table 22 Spain Insurance Brokerage Market Share, By Type, By Value, 2019-2029
Table 23 Spain Insurance Brokerage Market Share, By Mode, By Value, 2019-2029
Table 24 Spain Insurance Brokerage Market Share, By Commission, By Value, 2019-2029
Table 25 Belgium Insurance Brokerage Market Size, By Value (USD Million), 2019-2029
Table 26 Belgium Insurance Brokerage Market Share, By Type, By Value, 2019-2029
Table 27 Belgium Insurance Brokerage Market Share, By Mode, By Value, 2019-2029
Table 28 Belgium Insurance Brokerage Market Share, By Commission, By Value, 2019-2029
Table 29 Russia Insurance Brokerage Market Size, By Value (USD Million), 2019-2029
Table 30 Russia Insurance Brokerage Market Share, By Type, By Value, 2019-2029
Table 31 Russia Insurance Brokerage Market Share, By Mode, By Value, 2019-2029
Table 32 Russia Insurance Brokerage Market Share, By Commission, By Value, 2019-2029
Table 33 Netherlands Insurance Brokerage Market Size, By Value (USD Million), 2019-2029
Table 34 Netherlands Insurance Brokerage Market Share, By Type, By Value, 2019-2029
Table 35 Netherlands Insurance Brokerage Market Share, By Mode, By Value, 2019-2029
Table 36 Netherlands Insurance Brokerage Market Share, By Commission, By Value, 2019-2029
Table 37 Rest of Europe Insurance Brokerage Market Size, By Value (USD Million), 2019-2029
Table 38 Rest of Europe Insurance Brokerage Market Share, By Type, By Value, 2019-2029
Table 39 Rest of Europe Insurance Brokerage Market Share, By Mode, By Value, 2019-2029
Table 40 Rest of Europe Insurance Brokerage Market Share, By Commission, By Value, 2019-2029
Table 41 Marsh & McLennan Companies Company Overview
Table 42 Marsh & McLennan Companies Financial Overview
Table 43 Aon plc Company Overview
Table 44 Aon plc Financial Overview
Table 45 Willis Towers Watson Company Overview
Table 46 Willis Towers Watson Financial Overview
Table 47 Howden Group Holdings Company Overview
Table 48 Howden Group Holdings Financial Overview
Table 49 BMS Group Limited Company Overview
Table 50 BMS Group Limited Financial Overview
Table 51 Arthur J. Gallagher & Co. Company Overview
Table 52 Arthur J. Gallagher & Co. Financial Overview
Table 53 Lockton Companies, Inc. Company Overview
Table 54 Lockton Companies, Inc. Financial Overview
Table 55 JLT Group Company Overview
Table 56 JLT Group Financial Overview
Table 57 RFIB Group Limited Company Overview
Table 58 RFIB Group Limited Financial Overview
Table 59 UIB Holdings (UK) Limited Company Overview
Table 60 UIB Holdings (UK) Limited Financial Overview
Table 61 Ecclesiastical Insurance Office plc Company Overview
Table 62 Ecclesiastical Insurance Office plc Financial Overview
Table 63 Miller Insurance Services LLP Company Overview
Table 64 Miller Insurance Services LLP Financial Overview
Table 65 Oval Insurance Broking Limited Company Overview
Table 66 Oval Insurance Broking Limited Financial Overview
Table 67 Towergate Insurance Brokers Company Overview
Table 68 Towergate Insurance Brokers Financial Overview
Table 69 Bluefin Insurance Services Limited Company Overview
Table 70 Bluefin Insurance Services Limited Financial Overview

Europe Insurance Brokerage Market - By Type ; By Mode ; By Commission ; By Country, Trend Analysis, Competitive Landscape & Forecast, 2019-2029

Description

Table of Contents

List of Tables

Europe Insurance Brokerage Market Size Set to Grow at Steady CAGR of about 6% During 2023-2029.

Europe Insurance Brokerage Market - Overview:

Impact of COVID-19 on Europe Insurance Brokerage Market

Europe Insurance Brokerage Market - By Type:

Competitive Landscape:

Table of Contents

1. Research Framework

2. Executive Summary

3. Europe Insurance Brokerage Market Insights

4. Europe Insurance Brokerage Market Overview

5. Germany Insurance Brokerage Market Overview

6. United Kingdom Insurance Brokerage Market Overview

7. Italy Insurance Brokerage Market Overview

8. France Insurance Brokerage Market Overview

9. Spain Insurance Brokerage Market Overview

10. Belgium Insurance Brokerage Market Overview

11. Russia Insurance Brokerage Market Overview

12. Netherlands Insurance Brokerage Market Overview

13. Rest of Europe Insurance Brokerage Market Overview

14. Competitive Landscape

15. Impact of Covid-19 on Europe Insurance Brokerage Market

16. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)

17. Key Strategic Recommendations

18. Research Methodology

List of Figures

List of Tables