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The Surge of Artificial Intelligence (AI) Transforms the Insurance Brokers Market Landscape || Marsh & McLennan Cos Inc, Aon PLC, Arthur J Gallagher & Co
Insurance Brokers Market
The Business Research Company's latest "Global Insurance Brokers Opportunities And Strategies Market Report - Forecast To 2032" is the most comprehensive report available in market that will help gain a truly global perspective with data and statistics from over 60 geographies analyzed with more than 7500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market's historic and forecast growth and highlights important trends and strategies that can be adopted to beat the competition in the industry
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The global insurance brokers market reached a value of nearly $140,432.1 million in 2022, having grown at a compound annual growth rate (CAGR) of 4.4% since 2017. The market is expected to grow from $140,432.1 million in 2022 to $204,304.2 million in 2027 at a rate of 7.8%. The market is then expected to grow at a CAGR of 8.0% from 2027 and reach $300,566.9 million in 2032.
The insurance brokers market consists of sales of insurance brokers 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 contract with single or multiple insurance companies as they try to meet different client needs with available insurance products.
Insurance brokers are increasingly adopting advanced technologies to automate the insurance process, reduce the cost of operations and improve efficiency. These technologies include artificial intelligence (AI) applications, such as robot advisors, robotic process automation and blockchain (a distributed decentralized ledger and the underlying technology of bitcoin (a cryptocurrency), not managed by a central authority). These technologies help in the automation of risky and complex processes, providing scope for machine learning, avoiding repetitive and time taking processes, providing quick and error-free services and for secure sending, receiving and storing of information.
Insurance Brokers Market Segmentation:
• By Type: Life Insurance, General Insurance, Health Insurance, Other Types
• By Mode: Offline, Online
• By End User: Corporate, Individual
Some of the key players involved in the insurance brokers market are Marsh & McLennan Cos Inc, Aon PLC, Arthur J Gallagher & Co, Brown & Brown Inc.,Willis Towers Watson PLC.
The regions covered in the global insurance brokers market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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A Few Points From The Table Of Content
1. Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6. Introduction And Market Characteristics
……
26. Opportunities And Strategies
27. Insurance Brokers Market, Conclusions And Recommendations
28. Appendix
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