Report reveals “staggering” number of insurance brokers in Europe

Study examines 15 major European countries to see how many are working in the sector

Report reveals “staggering” number of insurance brokers in Europe

Insurance News

By Terry Gangcuangco

There’s strength in numbers, and insurance is proving to be a strong product sector with over 282,000 insurance brokers and at least 275,000 insurance agents operating in countries surveyed by the European Federation of Financial Intermediaries and Financial Advisers (FECIF).  

A report by International Investment said that research carried out by FECIF found that there are more than 695,000 advisers and intermediaries working in the investments, insurance, and banking product sectors across 15 major European countries.

These were Austria, Belgium, the Czech Republic, Finland, France, Germany, Hungary, Ireland, Italy, Luxembourg, the Netherlands, Poland, Slovakia, Spain, and the UK.

The report said data collected for the study included sales turnovers, the value of contracts intermediated, and the total workforce employed in the sector. The federation described the workforce number as staggering.

Research findings are part of FECIF’s White Book 2017.

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