Global Insurance Broker Market Trends, Strategies and Opportunities in Insurance Broker Market 2021-2030



Global Insurance Broker Market Report 2021: Impact and Recovery of COVID-19

Insurance Broker Market Report

Global Insurance Broker Market Report

The Business Research Company Global Insurance Broker Market Report 2021: Impact and Recovery of COVID-19

LONDON, GREATER LONDON, UNITED KINGDOM, September 20, 2021 / – According to the new “Insurance Brokers Global Market Report: COVID-19 Impact And Recovery” market research report published by The commercial research company, the insurance broker market should go from $ 88.16 billion in 2020 at $ 92.2 billion in 2021 at a compound annual growth rate (CAGR) of 4.6%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities which resulted in operational challenges. The market is expected to reach $ 113.99 billion in 2025 at a CAGR of 5.4%. The growing demand for insurance policies is driving the growth of the insurance brokerage market.

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

Global Insurance Broker Market Trends
The integration of AI into the insurance industry is a key trend that is gaining popularity in the insurance broker market. The combined power of AI and human creativity integrates the Intelligent Broker, an automation program for the insurance industry. Brokers will be able to solve complex obstacles, produce innovative products and services and reach or create new markets. On top of that, AI in the insurance industry will improve customer service and prevent customers from cheating. In 2018, 79% of insurance managers believe AI will revolutionize the way customers communicate with them and 59% of insurance agents are looking for ways to use AI to accelerate new product launches and services.

Global Insurance Broker Market Segments:
The global insurance broker market is further segmented on the basis of type, mode, end user, and geography.

By type: Life insurance, General insurance, Health insurance, Others

By mode: offline, online

By end user: company, individual

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

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Insurance Brokers Global Market Report 2021 is one in a series of new reports from The commercial research company which provides Insurance Brokers Market overviews, market size and growth analysis and forecast for Global Insurance Brokers Market, Insurance Brokers Market Share, Insurance Brokers Market Players, Insurance Broker Market segments and geographies, revenue, profiles and market shares of the major competitors in the Insurance Broker Market. The Insurance Brokers Market report identifies key countries and segments for opportunities and strategies based on market trends and approaches of key competitors.

Read the 2021 Global Insurance Brokers Market Report from The commercial research company for information on the following:

Data segments: market size, global, by region and by country; Historical and forecast size, and growth rate for the world, 7 regions and 12 countries

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

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

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

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The commercial research company has published over 1,000 industry reports, covering over 2,500 market segments and 60 geographies. The reports are backed by 150,000 datasets, in-depth secondary research, and proprietary information from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 in various markets.

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Here is a list of reports from The commercial research company Similar to Global Insurance Brokers Market 2021 Report:

Global Insurance Market Report 2021 – By Type (Life Insurance, Property and casualty insurance, Health and medical insurance), by end user (business, individual), by mode (online, offline), impact and recovery of COVID-19

Global Insurance, Reinsurance and Insurance Brokerage Market Report 2021 – By Type (Insurance, Insurance Brokers & Agents, Reinsurance), By Mode (Online, Offline), By End User ( business, individual), impact and recovery of COVID-19

Global Reinsurance Market Report 2021: Impact of COVID-19 and Recovery to 2030

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