Abstract
Finaccord' s report titled Commercial Non-Life Insurance Brokers in Northern
and Central Europe investigates the impact and position of brokers in the
distribution of non-life insurance for businesses in Northern and Central
Europe. Brokers are the most important single distribution channel for this
industry in the region, and Finaccord' s research indicates that fees and
commissions earned by brokers from commercial non-life insurance in Northern
and Central Europe are worth about € 2.4 billion a year. Moreover,
brokers are increasing their share of this market, often at the expense of
tied agents, and are expected to emerge from the recession even stronger than
before. This report first provides unique data for the size, segmentation and
growth of the commercial non-life insurance market itself in ten countries in
Northern and Central Europe (Austria, the Czech Republic, Denmark, Germany,
Hungary, Norway, Poland, Slovakia, Sweden and Switzerland). It then quantifies
the share of this market that is intermediated by brokers and ranks the
leading brokers in each country according to their revenues from commercial
non-life insurance, excluding income from other activities. This analysis is
based on an investigation covering some 375 brokers across the region, making
it by far the most detailed and comprehensive study of this market ever
published. You may be able to use this report in one or more of the following
ways: quantify the size and dynamism of the broker market for commercial
non-life insurance in Northern and Central Europe; compare ten countries in a
single comprehensive source of information that uses a uniform methodology to
size the underlying commercial non-life insurance market and to quantify
brokers' share of distribution; assess a range of potential business
opportunities: from selecting the territory that offers the best prospect for
expansion, to targets for acquisition, to niche product development and ideas
for distribution partnerships; understand the competitive landscape in each
country through its market concentration, the importance of international
brokers, and the presence or absence of bank-owned brokers; identify the
leading brokers in each country or across Northern and Central Europe as a
whole, with coverage of competitors such as Aon, Funk Gruppe, GrECo, Marsh,
RESPECT and Willis.
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