NEW YORK, June 2, 2021 /PRNewswire/ --
Technavio has been monitoring the insurance brokerage market and it is poised to grow by USD 20.52 billion during 2021-2025, progressing at a CAGR of almost 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Aon Plc, Arthur J. Gallagher and Co., Brown & Brown Inc., HUB International Ltd., Lockton Companies, Marsh & McLennan Companies Inc., NFP Corp., Pragmatic Insurance Broking Services Pvt. Ltd., Southwest Insurance Brokers LLC, and Willis Towers Watson Public Ltd. Co. are some of the major market participants. Although the increased demand for insurance policies will offer immense growth opportunities, the direct purchase of insurance policies by customers is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this insurance brokerage market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
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Insurance Brokerage Market 2021-2025: Segmentation
Insurance Brokerage Market is segmented as below:
o Non-life Insurance
o Life Insurance
o North America
o Europe
o APAC
o South America
o The Middle East and Africa
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Insurance Brokerage Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The insurance brokerage market report covers the following areas:
This study identifies the increase in HNWIs in developing regions as one of the prime reasons driving the Insurance Brokerage Market growth during the next few years.
Insurance Brokerage Market 2021-2025: Key Highlights
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Global Alternative Finance Market- The alternative finance market is segmented by type (P2P lending, crowdfunding, and invoice trading) and geography (APAC, North America, Europe, South America, and MEA).
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Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Type
Customer landscape
Geographic Landscape
Drivers Challenges and Trends
Vendor Landscape
Vendor Analysis
Appendix
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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