Financial Services

Global Insurance Brokers Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends

The Global Insurance Brokers Market Report by The Business Research Company covers insurance brokers market drivers and restraints, insurance brokers market size, major players, and the impact of COVID-19 on the insurance brokers market.

The insurance brokers market consists of sales of insurance policies by entities (organizations, sole traders, and partnerships) that act as intermediaries (i.e., agents or brokers) in selling annuities and insurance policies. Only goods and services traded between entities or sold to end consumers are included.

 

The increasing demand for insurance policies is expected to fuel the growth of the insurance brokers market over the coming years. The global insurance brokers market is expected to grow from $88.16 billion in 2020 to $92.2 billion in 2021 at a compound annual growth rate (CAGR) of 4.6%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $113.99 billion in 2025 at a CAGR of 5.4%.

 

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Some insurance brokers market trends include the integration of AI. Integration of AI in the insurance sector is a key trend gaining popularity in the insurance brokers market. The AI and human creativity combined power integrate the Intelligent Broker, an automation program for the insurance industry. Brokers will be able to resolve complicated obstacles, produce innovative products and services, and join or build new markets. In addition to this, AI in the insurance industry will improve customer service and prevent customers from fraud.

Global insurance brokers market segments include:

1) By Type: Life Insurance, General Insurance, Health Insurance, Others.

2) By Mode: Offline, Online.

3) By End User: Corporate, Individual.

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Read More On The Insurance Brokers Global Market Report 2021: COVID-19 Impact and Recovery to 2030 At:
https://www.thebusinessresearchcompany.com/report/insurance-brokers-global-market-report

 

The Insurance Brokers Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides insurance brokers market overviews, analyzes and forecasts market size, share, insurance brokers market players, insurance brokers market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The insurance brokers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Where To Learn More:

Read Insurance Brokers Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.

Market Players Covered: Aon Plc, Arthur J. Gallagher & Co, BB&T Corp., Brown & Brown Insurance Inc, HUB International Ltd., Marsh & McLennan Companies Inc, NFP Corp, Willis Towers Watson Plc, Wells Fargo Insurance Services, Meadowbrook Insurance Group, Jardine Lloyd Thompson Group, Lockton Inc, USI Insurance Services LLC, Truist Financial Corp.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Insurance Brokers Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Insurance Brokers Sector: The report reveals where the global industry will put on most $ sales up to 2023.

Interested to know more about The Business Research Company?

The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.

Read more about us at https://www.thebusinessresearchcompany.com/about-the-business-research-company.aspx


Here is a list of reports from The Business Research Company similar to the Insurance Brokers Global Market Report 2021:

Life Insurance Providers Global Market Report 2020-30: Covid 19 Impact And Recovery

Whole Life Insurance Global Market Report 2020

Financial Services Global Market Report 2021: COVID-19 Impact And Recovery To 2030

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