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Finaccord’s series of country-specific reports about commercial non-life insurance brokers and the BrokerBASE™ datasets that accompany them investigate the importance of brokers in the distribution of non-life insurance for businesses in 20 countries in Europe. Brokers are the most important single distribution channel for this sector in many countries, and Finaccord’s research indicates that fees and commissions earned by brokers from commercial non-life insurance in Europe were worth almost EUR 10 billion in 2011. Moreover, brokers are increasing their share of this market in many countries, often at the expense of tied agents, and are often expected to continue growing their overall share in future, in spite of the challenging economic circumstances.
The reports first provide unique data for the size, segmentation and growth of the commercial non-life insurance market itself in each country. They then quantify the share of this market that is intermediated by brokers and rank the leading brokers according to their revenues from commercial non-life insurance, excluding income from other activities. These analyses are based on an investigation covering over 500 brokers across Europe, with a total ranging from ten to 60 in any given country, depending upon the number and importance of brokers in that country. This makes them by far the most detailed and comprehensive studies of this market ever published, building upon Finaccord's original reports on the subject published in 2009.