An Initial Overview of Insurance Agencies, （最初的保险机构的概述,）.pdf

Financial Institutions Research Report Series Financial Advisors Research Report Series An Initial Overview of Insurance Agencies, Brokers, Producer Groups March 2009 TABLE OF CONTENTS INTRODUCTION, KEY FINDINGS, EXECUTIVE SUMMARY18 A SYNOPSIS OF FINANCIAL SERVICES INDUSTRY MARKETS DISTRIBUTION CHANNELS 32 EVOLUTION OF THE INSURANCE AGENCIES, BROKERS, PRODUCER GROUPS BUSINESS53 Market History53 Early Phase 53 Middle Phase53 Recent Phase 53 Market Definition 53 Captive Agents 53 Independent Agents53 Market Growth 53 Insurance Agencies, Brokers, Producer Groups Employees53 Insurance Agencies, Brokers, Producer Groups Reps54 Insurance Agencies, Brokers, Producer Groups Net Premiums Written54 Insurance Agencies, Brokers, Producer Groups Revenues 54 Insurance Agencies, Brokers, Producer Groups Net Income54 Key Issues 54 Product Utilization Trends54 Insurance Products54 Mutual Funds55 Fee- Accounts 56 Other Products 57 Leading Captive Independent Insurance Agencies, Brokers, Producer Groups...57 Insurance Agencies, Brokers, Producer Groups by Number of Employees 57 Insurance Agencies, Brokers, Producer Groups by Number of Reps58 Insurance Agencies, Brokers, Producer Groups by Net Premiums Written58 Insurance Agencies, Brokers, Producer Groups by Revenues 59 Insurance Agencies, Brokers, Producer Groups by Net Income 59 MARKET SEGMENTATION61 Captive Agents61 Independent Agents61 Brokers Producer Groups62 KEY VENDORS TO THE INSURANCE AGENCIES, BROKERS, PRODUCER