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Commercial Non-Life Insurance Brokers and Markets

Research reports - brokers | Research reports - markets | Consultancy

Welcome to the home page for Finaccord's Commercial Non-Life Insurance Brokers and Markets practice.

Finaccord publishes research reports plus associated BrokerBASE™ databases and market data files about commercial lines insurance brokers in a growing number of countries around the world, thereby shedding light on a subject that is often under-researched. These studies first provide unique data for the size, segmentation and growth of the commercial non-life (property and casualty) insurance market itself, defined as non-life insurance acquired by business, public sector and not-for-profit customers.

They then quantify the share of this market that is intermediated by brokers and, on the basis of Finaccord's own primary research, rank the leading brokers according to their revenues from commercial non-life insurance, excluding income from other activities such as personal lines, employee benefits and reinsurance. This ranking extends from ten to 80 brokers depending on the size of the market and the number of major competitors in each country.

The total value of commissions and other revenues secured by brokers from commercial lines insurance (i.e. the value of the actual broking market) is also forecast up to four years ahead. Other issues examined include broker distribution strategies, membership of international networks, and product and client specialisms. To see a full list of products currently available in this field, please click here or on the first link above. In addition, note that Finaccord also publishes a market research report about personal lines insurance broking in the UK: Personal Non-Life Insurance Brokers in the UK.

Furthermore, also available from Finaccord are research reports about the markets for commercial non-life (property and casualty) insurance in ten major global markets focusing not only on their overall value but also their segmentation by broad category, customer size, product class and customer activity. Specifically, for each of these variables, gross premiums written are provided for five years in order to depict the historic trend and they are then forecast up to four years ahead.

The segmentation by cover type is between the following broad categories and product classes:

  • commercial liability, breaking down between D&O, environmental liability, medical malpractice, professional indemnity and other liability cover;
  • commercial MAT, breaking down between aviation, goods-in-transit and marine cover;
  • commercial motor;
  • commercial property;
  • other commercial, breaking down between cyber, kidnap and ransom, legal protection, political risk, surety, trade credit, workers' compensation and other cover.

Moreover, the segmentation by customer size is as follows:

  • micro (entities with up to nine employees including self-employed individuals with no employees);
  • small (entities with between ten and 49 employees);
  • medium (entities with between 50 and 249 employees);
  • large (entities with between 250 and 5,000 employees);
  • very large (entities with more than 5,000 employees).

Finally, the segmentation by customer activity is between the following activities:

  • aerospace;
  • agriculture, fishing and forestry;
  • construction;
  • education;
  • energy and power;
  • financial institutions;
  • healthcare and life sciences;
  • hospitality;
  • manufacturing;
  • mining and minerals;
  • not-for-profit;
  • professional services;
  • public administration;
  • real estate;
  • retail and wholesale distribution;
  • technology and media;
  • transportation (non-air);
  • other services.

To see a full list of products currently available in this field, please click here or on the second link above.

 

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