SpendEdge, a global procurement market intelligence firm, has announced
the release of their Global
Insurance Brokerage Services Category – Procurement Market Intelligence
Report.
This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20190612005314/en/
Global Insurance Brokerage Services Category – Procurement Market Intelligence Report. (Graphic: Business Wire)
A majority of buyers from different sectors are seeking assistance from
brokers to find the best-suited insurers that provide E&S insurance.
Currently, E&S insurance is witnessing a high demand since most of the
insurance plans do not cover all the risks associated with the buyers’
business. This, on the other hand, is creating a substantial demand for
insurance brokerage services on a global scale. The IT, professional
services, and construction firms are rapidly adopting advanced
technologies such as big data analytics and AI, which is exposing them
to liability risks. To tackle such risks, the firms are procuring
liability insurance brokerage, thereby supplementing the overall demand
growth of insurance brokerage services. Download
the free sample of this insurance brokerage procurement market
intelligence report!
In the US, industries like hospitality, gaming, and education sectors
typically deal with personally identifiable information and protected
health information. This is making it imperative for buyers from these
sectors to invest in cyber insurance brokerage services, which is acting
as another critical driving force behind the category spend growth in
the US. Possibilities of high growth opportunities in South America have
been attracting the leading players in the insurance brokerage services
industry. Most of such enterprises are engaging in merger and
acquisition activities to solidify their market presence while reducing
their OPEX and unlock new growth opportunities amid increasing market
competition. These factors will exert a positive impact on the growth of
the insurance brokerage market in the region.
This procurement market intelligence report informs on the insurance
brokerage industry statistics and offers category management insights
that can aid in devising a sustainable procurement strategy. This
insurance brokerage procurement market intelligence report also
highlights the current supply market developments to help the buyers
choose the appropriate vendors who can promise a steady supply assurance
along with quality solutions. Not what you are looking for? Request
for personalization of this market intelligence report on
insurance brokerage services.
“Buyers are advised to engage with suppliers that offer value-added
services such as risk management and loss control services through
regular inspections. This helps buyers understand the type of risks that
needs to be covered in policy to ensure easy and timely claims settlement,”
says SpendEdge procurement expert Sumit Yadav.
This procurement market intelligence report on insurance brokerage
services has highlighted the following factors that will play crucial
roles in influencing category spend. They include:
-
Rapid growth in healthcare insurance owing to the increased number of
reforms and initiatives in emerging economies - The growing demand for E&S insurance
-
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complete scope of this report
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SpendEdge’s procurement
market intelligence reports for the financial
services category offer information on critical cost drivers and
category pricing strategies to help the buyers achieve significant
cost-savings. The supply market forecasts offer information on supplier
performance benchmarking criteria to help buyers reduce spend and
establish better SLAs. Additionally, SpendEdge’s reports offer category
management insights and procurement best practices for the category.
Report scope snapshot: Insurance brokerage services
Category ecosystem
- Insurance brokerage industry statistics
- Competitiveness index for suppliers
- Threat of new entrants
-
Interested to know more about the scope of our market intelligence
reports? Download
a FREE sample
Category management enablers
- Procurement organization
- Category enablers
-
Want customized information from our insurance brokerage
procurement research report? Get
in touch
Category definition
- Category hierarchy
- Category scope
- Category map
-
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intelligence report, Download
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Related Reports:
-
Global
Insurance Services Category – Procurement Market Intelligence Report -
Global
Claims Processing Services Category – Procurement Market Intelligence
Report
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View source version on businesswire.com: https://www.businesswire.com/news/home/20190612005314/en/