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The insurance brokers market is expected to be driven by increased incidence rates of chronic diseases and physical disabilities, as per The Business Research Company’s insurance brokers market opportunities and strategies report.

The insurance brokers market is expected to grow from $128.21 billion in 2021 to $187.98 billion in 2026 at a rate of 8.0%. The global insurance brokers market size is then expected to grow at a CAGR of 8.2% from 2026 and reach $278.30 billion in 2031.

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Major players in the insurance brokers market include Marsh & McLennan Cos Inc., Aon PLC, Arthur J Gallagher & Co, Willis Towers Watson PLC, Acrisure LLC.

Insurance brokers are investing in digital technologies to offer services online and thereby increase sales and boost margins. Digitalization is a process of converting information into digital formats. This includes providing tools and resources to brokers in digital formats through insurance portals, exchange websites and digital distribution channels. These web-based portals and other digital channels are aimed at improving efficiency in business processing and reduction of costs.

The Global Insurance Brokers Market Is Segmented:
By Type: Life Insurance, General Insurance, Health Insurance, Other Types

By Mode: Offline, Online

By End User: Corporate, Individuals

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global template market.

TBRC’s Insurance Brokers 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 Market Report 2022 – Opportunities And Strategies – Global Forecast To 2031 is one of a series of new reports from The Business Research Company that provides thorough insurance brokers market research, analyzes and forecasts insurance brokers market size, insurance brokers market share, insurance brokers market players, insurance brokers market trends, insurance brokers market segmentation and geographies, leading competitor revenues, profiles and market shares.

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

The insurance brokers market consists of sales of insurance policies by entities (organizations, sole traders and partnerships) that act as intermediaries (brokers) in selling annuities and insurance policies. They represent consumers or insurance providers or both in insurance premium collection. Insurance brokers can be contracted with single or multiple insurance companies as they try to meet different client needs with available insurance products.

View Similar Reports From The Business Research Company:

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Insurance Providers Global Market Report 2022

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