The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s Insurance (Providers, Brokers and Re-Insurers) Global Market Report 2023, the insurance (providers, brokers and re-insurers) market is expected to show significant growth in the forecast period.

Key insights from the insurance (providers, brokers and re-insurers) market forecast include:

1. Market Size

The global insurance (providers, brokers and re-insurers) market is expected to grow from $5946.74 billion in 2022 to $6466.23 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The insurance market is expected to grow to $8603.8 billion in 2027 at a CAGR of 7.4%.

North America was the largest region in the insurance (providers, brokers, and re-insurers) market in 2022.

2. Major Driver

The global payments industry has witnessed a rapid increase in the adoption of EMV technology. This growth is driven by the higher level of data security offered by EMV chips and PIN cards as compared to traditional magnetic stripe cards. According to Thales Group, a France-based manufacturer of electrical systems, in 2020, 66.4% of all payment cards issued worldwide were EMV chip-based. According to the Thales group, in 2020, there were over 10.81 billion EMV chip cards in circulation which was up by 10% as compared to 2019, In Q2 2021, 88.55% of all chip card transaction used EMV chip technology.

View More On The Insurance (Providers, Brokers and Re-Insurers) Market Report 2023 – https://www.thebusinessresearchcompany.com/report/insurance-providers-brokers-and-re-insurers-global-market-report

3. Major Players

Major players in the insurance (providers, brokers, and re-insurers) market are UnitedHealth Group, AXA, Munich Re, Allianz, and Generali.

4. Top Market Segments

The global food diagnostics market is segmented –

1) By Type: Insurance Providers, Insurance Brokers And Agents, Reinsurance Providers

2) By Mode: Online, Offline

3) By End User: Corporate, Individual

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The Insurance (Providers, Brokers and Re-Insurers) Global Market Report 2023  provides an in-depth analysis on the insurance (providers, brokers and re-insurers) market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the insurance (providers, brokers and re-insurers) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –

Insurance, Reinsurance And Insurance Brokerage Global Market Report 2023

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