Insurance Brokers & Agents Market 2021-2030 | Revenues, Business Overview, Growth Rate, SWOT Analysis

The Business Research Company offers "Insurance Brokers & Agents Global Market Report 2021: COVID-19 Impact And Recovery" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. 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 players in the market can adopt.

The insurance brokers and agents market report describes and explains the global insurance brokers and agents market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.

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The insurance brokers and agents market consists of sales of insurance policies by entities (organizations, sole traders and partnerships) and individuals that act as intermediaries (i.e., agents or brokers) in selling annuities and insurance policies. They represent consumers or insurance providers or both in insurance premium collection. Insurance brokers and agents can be contracted with single or multiple insurance companies as they try to meet different client needs with available insurance products. This market excludes the direct selling of insurance products by insurance companies. The value of the market is based on the fees or commissions paid to brokers by the insured, both commercial and personal. The insurance brokers and agents market is segmented into insurance agencies; insurance brokers; bancassurance and other intermediaries.

The global insurance brokers & agents market is expected to grow from $350.24 billion in 2020 to $362.54 billion in 2021 at a compound annual growth rate (CAGR) of 3.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $457.31 billion in 2025 at a CAGR of 6%.

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Some of the major players of the insurance brokers and agents market are Marsh & McLennan Cos Inc, Willis Towers Watson PLC, Aon PLC, Arthur J Gallagher & Co, Brown & Brown Inc.

The countries covered in the global insurance brokers and agents market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.

The regions covered in the global insurance brokers and agents market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The global insurance brokers & agents market is segmented -
1) By Type: Insurance Agencies, Insurance Brokers, Bancassurance, Other Intermediaries
2) By End User: Corporate, Individual
3) By Mode: Online, Offline
4) By Insurance: Life Insurance, Property & Casualty Insurance, Health & Medical Insurance

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Few Points From Table Of Content
1.Executive Summary
2.Report Structure
3.Insurance Brokers & Agents Market Characteristics
4.Insurance Brokers & Agents Market Product Analysis
5.Insurance Brokers & Agents Market Supply Chain
…
21.Key Mergers And Acquisitions In The Insurance Brokers & Agents Market
22.Market Background: Insurance(Providers, Brokers and Re-Insurers) Market
23.Recommendations
24.Appendix
25.Copyright And Disclaimer

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