Insurance Brokerage: Worldwide Procurement Market Intelligence Report, 2019 – ResearchAndMarkets.com
The spend momentum of this market is attributed to the rapid rate of adoption of health insurance schemes by most of the corporate enterprises. These enterprises rely on insurance brokers who assist in choosing, buying, and managing healthcare insurance programs that allow the former to focus on their core business activities. Initiatives undertaken by governments in developing economies are also driving the adoption of employee health insurance schemes, thereby driving the category demand.
The report provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
The report provides actionable insights to improve source-to-contract cycle performance in the Global Insurance Brokerage Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
Category drivers
- The growth of the commercial P&C insurance brokerage segment
Category management strategy
- Engaging with suppliers that exhibit strong adherence to regulatory norms
Procurement best practices
- Categorization of employees for business insurance
Key Topics Covered
PART 01: EXECUTIVE SUMMARY
PART 02: MARKET INSIGHTS
Global category spend
Category spend growth
Spend segmentation by region
Regional influence on global spend
Regional spend opportunity for suppliers
PART 03: CATEGORY PRICING INSIGHTS
Pricing outlook
Supplier cost structure
Outlook for input costs
Total cost of ownership analysis
Overview of pricing models
Comparison of pricing models
Supply chain margins
Cost drivers: Impact on pricing
Volume drivers: Impact on pricing
PART 04: COST-SAVING OPPORTUNITIES
Supplier-side levers
Buyer-side levers
Quantifying cost-saving opportunities
Quantifying cost savings by negotiation strategies
PART 05: BEST PRACTICES
Innovation and success stories
Procurement excellence best practices
Procurement best practices
Sustainability practices
Sustainability best practices
PART 06: CATEGORY ECOSYSTEM
Market favorability index for suppliers
Competitiveness index for suppliers
Buyer power
Supplier power
Threat of new entrant
Threat of substitute
Buyer ecosystem
Supplier ecosystem
PART 07: CATEGORY MANAGEMENT STRATEGY
Category management objectives
Supplier and buyer KPIs
Outsourcing category management activities
Risk management
PART 08: CATEGORY MANAGEMENT ENABLERS
Procurement organization
Category enablers
PART 09: SUPPLIERS SELECTION
RFx essentials
Supplier selection criteria
Service level agreement
Incumbent supplier evaluation metrics
PART 10: SUPPLIERS UNDER COVERAGE
Overview
Supplier positioning
Profile: Marsh & McLennan Companies Inc.
Profile: Aon PLC
Profile: Willis Towers Watson (
Profile: Arthur J. Gallagher & Co.
Profile: BB&T Corp.
Profile: Brown & Brown Inc.
PART 11: US MARKET INSIGHTS
Category spend in the US
Pricing outlook
Supplier cost structure in the US
Margins of suppliers in the US
Category cost drivers
Category volume drivers
Overview of best practices in the US
Procurement best practices in the US
US supply market overview
Supplier positioning for the US
Regional category risks
PART 12: CATEGORY DEFINITION
Category hierarchy
Category scope
Category map
For more information about this report visit https://www.researchandmarkets.com/r/3o8zzo
View source version on businesswire.com: https://www.businesswire.com/news/home/20190730005478/en/
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Related Topics: Insurance
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