The Business Research Company’s Insurance Brokers Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Insurance Brokers Global Market Report 2023 evaluates insurance brokers market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The market is expected to grow to $204,304.2 million in 2027 at a rate of 7.8%. The market is then expected to grow at a CAGR of 8.0% from 2027 and reach $300,566.9 million in 2032.
The insurance brokers market is expected to be driven by increased incidence rates of chronic diseases and physical disabilities. The increasing number of chronic diseases, particularly among the aging population, will compel consumers to opt for term life insurance, driving the need for insurance brokers. According to the United Nations, the proportion of total global deaths due to chronic diseases is expected to increase to 70%, and the global burden of chronic diseases is expected to reach about 60% by 2030. In addition, by 2050, one in six people in the world will be over age 65 (16%), up from one in 11 in 2019 (9%). By 2050, one in four persons living in Europe and Northern America could be aged 65 or above. Growth of the aging population and the rising incidence of chronic disease will drive the insurance brokers market going forward.
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The insurance brokers market segments in the report are:
- By Type
- By Mode
- By End User
- By Geography
The table of contents in TBRC’s insurance brokers market report includes:
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
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26. Company Profiles
27. Key Mergers And Acquisitions
28. Opportunities And Strategies
29. Insurance Brokers Market, Conclusions And Recommendations
30. Appendix
Top Major Players:
- Marsh & McLennan Cos Inc
- Aon PLC
- Arthur J Gallagher & Co
- Brown & Brown Inc
- Willis Towers Watson PLC
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