The global insurance brokerage market surged to 259.7 billion USD in 2022, aiming for 578.1 billion USD by 2031.
The global insurance broker market has experienced significant growth, with substantial revenues of approximately $259.7 billion reported in 2022. As the industry continues to expand and evolve, it is projected to reach $578.1 billion by 2031. This remarkable growth trajectory is supported by an attractive compound annual growth rate (CAGR) of 9.3% during the forecast period from 2023 to 2031. Insurance brokers play a crucial role as intermediaries between insurance companies and policyholders, acting as important catalysts for economic development. They provide valuable professional and technical guidance on insurance products to clients, enabling informed decision-making. The insurance products offered by brokers encompass a wide range, including property insurance, health insurance, and medical insurance. For application methods, please check the [PDF download] button or apply directly through the related links.
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Overview of Segmentation The global insurance broker market is classified based on insurance type, broker type, and region. By Insurance Type Life Insurance Property and Casualty Insurance By Broker Type Retail Wholesale Key Companies: Marsh & McLennan Companies Inc Truist Insurance Holdings HUB International Limited Aon plc Acrisure LLC Lockton Companies Brown & Brown Insurance Inc USI Insurance Services LLC Arthur J. Gallagher & Co WTW
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