Global Insurance Brokerage Market 2020-2024
Technavio has been monitoring the global insurance brokerage market and it is poised to grow by USD 19.56 bn during 2020-2024, progressing at a CAGR of 6% during the forecast period. Our reports on insurance brokerage market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by Increase in the Number of HNWIs in Developing Regions. In addition, industry consolidation through M&A is anticipated to boost the growth of the insurance brokerage market as well.
Technavio’s insurance brokerage market is segmented as below:
- Life Insurance
- General Insurance
- North America
- South America
Key Trends for insurance brokerage market growth
This study identifies industry consolidation through M&A as the prime reasons driving the insurance brokerage market growth during the next few years.
Prominent vendors in insurance brokerage market
We provide a detailed analysis of around 25 vendors operating in the insurance brokerage market , including some of the vendors such as Aon Plc, Arthur J. Gallagher & Co., Brown & Brown Inc., Hub International Ltd., Lockton Inc., Marsh & McLennan Companies Inc., NFP Corp., Truist Financial Corp., USI Insurance Services and Willis Towers Watson Plc .
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.