Press release
Insurance Brokers & Agents Market By Type, By Mode, By Insurance Type, Brokerage Type, End-User, By Region, Opportunities And Strategies Global Forecast To 2030
https://www.thebusinessresearchcompany.com/global-market-reports
According to The Business Research Company's insurance brokers and agents market report, the insurance brokers and agents market reached a value of nearly $350.24 billion in 2020, having increased at a compound annual growth rate (CAGR) of 3.7% since 2015. The insurance brokers and agents market is expected to grow from $350.24 billion in 2020 to $457.31 billion in 2025 at a rate of 5.5%. The insurance brokers and agents market is then expected to grow at a CAGR of 5.1% from 2025 and reach $585.50 billion in 2030.
The rising demand for insurance due to the COVID-19 situation is expected to positively impact the insurance brokers & agents market. This increase was also seen in emerging countries such as India where market participants confirmed that sales of term plans had increased by around 30-40% in the first quarter of 2020 when compared to previous year. The increasing demand for life and health insurance would drive the insurance brokers & agents market in the forecast period.
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The insurance brokers and agents market is segmented -
• By Type: Insurance Agencies, Insurance Brokers, Bancassurance, Other Intermediaries
• By Mode: Online, Offline
• By Insurance: Life Insurance, Property & Casualty Insurance, Health & Medical Insurance
• By End-User: Individuals, Corporate
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the insurance brokers and agents' market.
Major competitors in the insurance brokers and agents market include Marsh & McLennan Cos Inc, Aon PLC, Arthur J Gallagher & Co, Willis Towers Watson PLC, Brown & Brown Inc.
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The insurance brokers and agents market consist of sales of insurance policies by entities (organizations, sole traders and partnerships) and individuals that act as intermediaries (agents and 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.
The Table Of Content For The Insurance Brokers And Agents Market Include:
1. Insurance Brokers & Agents Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
.....
25. Key Mergers And Acquisitions In The Insurance Brokers & Agents Market
26. Market Background: Insurance, Reinsurance And Insurance Brokerage Market
27. Insurance Brokers & Agents Global Market Opportunities And Strategies
28. Insurance, Reinsurance And Insurance Brokerage Market, Conclusions And Recommendations
29. Appendix
The Business Research Company's "Global Insurance Brokers And Agents Opportunities And Strategies Market Report - Forecast To 2030" is the most comprehensive report available in market, providing data and statistics from over 60 geographies analyzed in more than 2500 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. Additionally, it evaluates the market's historic and projected growth and identifies significant trends and strategies that can be used to outperform the competitors in the sector.
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