Global Insurance Brokers Market Report 2022 – Market Forecast, Trends And Strategies

The global insurance brokers market size is expected to grow from $90.52 billion in 2021 to $97.46 billion in 2022 at a compound annual growth rate (CAGR) of 7.7%. The global insurance broker market size is expected to grow to $122.69 billion in 2026 at a CAGR of 5.9%.

What is the Global 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.

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What drives the Global Insurance Brokers Market?

The increasing demand for insurance policies is expected to fuel the growth of the insurance brokers market over the coming years. The demand for insurance policies has risen due to the availability of security services and customized financial services to clients. Therefore, the increasing demand for insurance policies drives the growth of the insurance brokerage market.

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Global Insurance Brokers Market Segments
The global insurance brokers market is segmented:
By Type: Life Insurance, General Insurance, Health Insurance, Others
By Mode: Offline, Online
By End-User: Corporate, Individual
By Geography: The regions covered in the insurance brokers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the insurance brokers global market.

Insurance Brokers Global Market Report 2022provides market size and growth forecasts for the global insurance brokers market, insurance brokers global market share, insurance brokers global market segments and geographies, insurance brokers market competitive landscape including 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.

Global Insurance Brokers Industry Playersinclude 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, and Meadowbrook Insurance Group. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.