The Global Insurance Brokers Market Report by TBRC covers insurance brokers market size, drivers, restraints, key players, and the impact of COVID-19.

LONDON, GREATER LONDON, UK, September 20, 2022 /EINPresswire.com/ -- As per The Business Research Company's "Insurance Brokers Global Market Report 2022”, the insurance brokers market size is expected to grow from $374.2 billion in 2021 to $409.15 billion in 2022 at a compound annual growth rate (CAGR) of 9.3%. The global insurance broker and agent market size is expected to grow to $551.88 billion in 2026 at a CAGR of 7.8%. Insurance brokers and agents are investing in digital technologies to offer services online and thereby increase sales and boost margins.

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Key Trends In The Insurance Brokers Market
Nontraditional companies such as Google, Amazon, and Walmart are entering the insurance intermediary market to capitalize on their brand image, large capital, and customer base. Their primary focus is on the distribution of health, property, and casualty insurance products. In line with this trend, these companies are also entering into partnerships, joint ventures, and alliances with other established insurance carriers to offer insurance products and services to their customers.

Overview Of The Insurance Brokers Market
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.

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Insurance Brokers Global Market Report 2022 from TBRC covers the following information:

Market Size Data
Forecast period: Historical and Future
By region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
By countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Market Segmentation
By Type: Insurance Agencies, Insurance Brokers, Bancassurance, Other Intermediaries
By End-User: Corporate, Individual
By Mode: Online, Offline
By Insurance: Life Insurance, Property and Casualty Insurance, Health and Medical Insurance
By Geography: The global insurance brokers market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America holds the largest share in the market.

Major market players such as Marsh & McLennan, Chubb Limited, Toyota Motor Corp, Arthur J. Gallagher & Co., Bank of China, Hub international, Willis Towers Watson, Brown & Brown, BB&T Insurance Holdings Inc, and Jardine Matheson.

Trends, Opportunities, Strategies And So Much More.

Insurance Brokers Global Market Report 2022 is one of The Business Research Company’s comprehensive reports that provides an overview of insurance brokers market. The market report gives insurance brokers market analysis, insurance brokers market size, insurance brokers market growth drivers, insurance brokers market share, insurance brokers market segments, insurance brokers market major players, insurance brokers global market growth across geographies, insurance brokers global market trends and insurance brokers global market competitors’ revenues and market positioning. The insurance brokers global market report enables you to gain insights on opportunities and strategies, as well as identify countries and segments with the highest growth potential.

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