You want to sell your insurance advisory office? Then it's good to know what the takeover market in the field of insurance advisory firms looks like.
The number of acquisitions in insurance business is quite stable and hovers around 60.
There are many ways to value a business. A common method of expressing the value of a business is "a factor x gross annual profit." This factor is also called multiple and another designation for gross annual profit is EBITDA (Earnings Before Interest Taxes Depreciation and Amortization).
In the business services sector, which includes an insurance advisory firm, an indicative EBITDA multiple range of 4.6 to 5.5 is currently used, according to the Brookz Takeover Barometer. The average EBITDA multiple across all SME sectors is 4.90.
The valuation of a business is often the starting point for negotiations between buyer and seller. The outcome of these negotiations is the final sales price. So valuation and price are two different quantities. Besides valuation, the price is also determined by possible scarcity in the market, bargaining power of the parties, the strategic value of the business for the buyer and possible synergy effects for the buyer (cost savings, purchasing advantages).
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Do you want to buy a business or sell a business in the business services sector? With this Brookz Sector Monitor, we want to present buyers and sellers with facts, figures and an outlook that provide insight into the number of transactions, the value development of businesses and the latest trends and developments in the business services sector. Because in every buying or selling process, thorough preparation gives peace of mind, overview and structure.
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There are relatively few self-employed workers in this sector, and as a result, the percentage of businesses with two or more employees is quite high.
In numerical terms, the number of insurance advisory firms looked as follows in 2024(CBS):
With this online training from Brookz you are optimally prepared to largely sell your business yourself: 25 Powerpoint videos, a comprehensive valuation report, legal model contracts, handy templates, checklists and expert support. Plus 50% discount on listing your business on Brookz!
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A number of trends and developments will inevitably cause changes over the next few years, but also offer insurance advisory firms many growth and acquisition opportunities:
We are living more and more consciously, and we see this reflected in insurance land. For there, taking out micro-policies that match our behavior is increasingly popular. For example, if you don't use your car for several months, you can respond to this by reducing or temporarily stopping your policy. Micropolis demands a bit of flexibility from insurers, but offers much-needed service to its consumers.
Big data is hot and happening, and businesses are responding smartly by offering consumers discounts in exchange for data. And who wouldn't want a lower premium in exchange for anonymous data.
More and more often, the Netherlands is experiencing severe weather, causing homes to flood, solar panels to blow off roofs and trees to fall. These weather events are costing insurers tons of money. And that is why prevention is being looked at more and more often. How can you reduce these risks so that the consequences do not occur or are considerably less severe.
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