Press release
Insurance, Reinsurance And Insurance Brokerage market forecast 2023-2032 - major trends, lucrative segments and fastest growing regions
As per The Business Research Company's Insurance, Reinsurance And Insurance Brokerage Opportunities And Strategies Market Report 2023, The global insurance, reinsurance and insurance brokerage market grew from $5,468.2 billion in 2017 to $6,991.8 billion in 2022 at a compound annual growth rate (CAGR) of 5.0%. The market is expected to grow from $$6,991.8 billion in 2022 to $10,299.8 billion in 2027 at a CAGR of 8.1%, and to $15,107.3 billion in 2032 at a CAGR of 8.0%.Government support is expected to drive the insurance, reinsurance and insurance brokerage market going forward. The governments of various countries are supporting the insurance, reinsurance and insurance brokerage sector to produce new solutions to better serve the industry. For example, in October 2022, the Federal Insurance Office (FIO) of the US Department of the Treasury released a suggested data collection from insurers, to evaluate climate-related financial risk across the country.
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The increasing demand for artificial intelligence (AI) in reinsurance is an emerging trend in the insurance, reinsurance and insurance brokerage market. AI is the simulation of human intelligence processes by machines, especially computer systems, with the potential to surpass human intelligence levels.
The top opportunities in the insurance, reinsurance and insurance brokerage market by type will arise in the insurance segment, which will gain $2,803.0 billion of global annual sales by 2027. The top opportunities in the insurance market by type will arise in the health & medical insurance segment, which will gain $1,398.2 billion of global annual sales by 2027. The top opportunities in the insurance brokers & agents market by type will arise in the property & casualty reinsurance segment, which will gain $290.9 billion of global annual sales by 2027.
Insurance, Reinsurance And Insurance Brokerage Market Segmentation:
The Insurance, Reinsurance And Insurance Brokerage market is segmented type, by mode and by end-user.
By Type -
a) Insurance
b) Insurance Brokers & Agents
c) Reinsurance
By Mode -
a) Online
b) Offline
By End-User -
a) Corporate
b) Individual
Major players in the Insurance, Reinsurance And Insurance Brokerage market include Allianz Group, Ping An Insurance, China Life Insurance Company Limited, Axa Group, Centene Corporation.
The regions covered in the global Insurance, Reinsurance And Insurance Brokerage market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Insurance, Reinsurance And Insurance Brokerage Market Report Table Of Content
1. Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
……
24. Company Profiles
25. Key Mergers And Acquisitions
26. Market Background: Financial Services Market
27. Opportunities And Strategies
28. Insurance, Reinsurance And Insurance Brokerage Market, Conclusions And Recommendations
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The latest report from The Business Research Company, 'Global Insurance, Reinsurance And Insurance Brokerage Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.
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