Global Insurance Brokers & Agents Market Opportunities And Strategies – Forecast To 2030 – Includes Insurance Brokers & Agents Market Report
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The rising demand for insurance due to the COVID-19 situation is expected to positively impact the insurance brokers & agents market, as per The Business Research Company’s insurance brokers & agents market opportunities and strategies report.
The insurance brokers & agents market is expected to reach $457.31 billion in 2025 at a rate of 5.5%. The insurance brokers and agents market is then expected to grow at a CAGR of 5.1% from 2025 and reach $585.50 billion in 2030.
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Major players in the insurance brokers & agents market include Marsh & McLennan Cos Inc, Aon PLC
Arthur J Gallagher & Co, Willis Towers Watson PLC, Brown & Brown Inc.
The increasing demand for artificial intelligence (AI) in insurance is an emerging trend in the insurance brokers and agents market. AI is the simulation of human intelligence processes by machines, especially computer systems, with the potential to surpass human intelligence levels. AI is also used to find efficiency gains within insurance companies. Brokers are continuing to boost investments in artificial intelligence (AI), automation and big data while expanding the use of mobile devices.
The Global Insurance Brokers & Agents Market Is Segmented:
By Type: Insurance Agencies, Insurance Brokers, Bancassurance, Other Intermediaries
By Mode: Online, Offline
By Insurance: Life Insurance, Property & Casualty Insurance, Health & Medical Insurance
By End-User: Individuals, Corporate
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
TBRC’s Insurance Brokers & Agents Market Report Covers:
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 (2016-21) and ten years forecast (2022-2026-2031)
The Insurance Brokers & Agents Market Report 2022 – Opportunities And Strategies – Global Forecast To 2030 is one of a series of new reports from The Business Research Company that provides thorough insurance brokers & agents market research, analyzes and forecasts insurance brokers & agents market size, insurance brokers & agents market share, insurance brokers & agents market players, insurance brokers & agents market trends, insurance brokers & agents market segmentation and geographies, leading competitor revenues, profiles and market shares.
TBRC’s insurance brokers & agents market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
The insurance brokers and agents market consist of sales of insurance policies by entities (organizations, sole traders and partnerships) and individuals that act as intermediaries (agents and brokers) in selling annuities and insurance policies. They represent consumers or insurance providers or both in insurance premium collection. Insurance brokers and agents can be contracted with single or multiple insurance companies as they try to meet different client needs with available insurance products.
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