The Insurance Couch - Consolidation in the insurance broker industry

Get Your Insurance Fix on "The Insurance Couch" Podcast! Join Oliver Lang, former CEO of InsurTech Unicorn Wefox/One Insurance, Supervisory board member and Advisor and Nikolaus Sühr, Co-Founder and CEO of InsurTech Enabler KASKO as they bring you unique insights from their experiences in the insurance world.  This episode is all about consolidation in the insurance broker industry 🎙️ These are some key points about what to expect to learn from the conversation in this podcast session: 📌 The result of a broker consolidation is typical that 5-10 large brokers own 70-80% of the market 📌 Large brokers have a huge bargaining power over insurers 📌 Small players can only survive when they have a special expertise in a region, a product line or a customer segment 📌 A broker with 50-100m EUR in revenue has a comfortable position today but will drop out of insurers’ priority list in the next 10 years 📌 Big broker brands will become household names 📌 The winners in Germany will have in excess of 1bn EUR commission income 📌 In other countries, the top 10 brokers haven’t grown organically but through massive M&A transactions Listen in to "The Insurance Couch" to stay tuned for the newest chatter about the industry! #insurance #insuranceindustry #business #versicherungsbranche #versicherung #versicherer