Insurance Brokerage: Worldwide Procurement Market Intelligence Report, 2019 – ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)-- The "Global Insurance Brokerage - Procurement Market Intelligence Report" report has been added to ResearchAndMarkets.com's offering.

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 (Willis Group Holdings Plc)

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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Laura Wood, Senior Press Manager

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Related Topics: Insurance

Source: Research and Markets