According to HTF MI, “Global Insurance Broking Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030”. The Global Insurance Broking Market is anticipated to grow at a compound annual growth rate (CAGR) of 8% from 2024 to 2030, reaching USD 1.2 Billion in 2024 and USD 2.5 Billion by 2030.
Insurance broking is a sector within the insurance industry that involves intermediaries, known as insurance brokers, who help individuals and businesses find suitable insurance policies that meet their specific needs.
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Key and developing players who have been highlighted as part of the coverage include HDFC, Life Insurance Corporation, ICICI Lombard General, Insurance, Life Insurance Corporation of India., Aditya Birla Capital Ltd..
Insurance Broking
Market Breakdown by Applications:
- Travel Insurance, Industrial Risk Insurance, Management Liability Insurance, Motor Vehicle Insurance, Commercial Property Insurance, Other
Market Breakdown by Types:
- Direct Sales, Agents, Insurance Broker, Online Insurer
Market Drivers
- Enable a highly competitive purchasing of an insurance product
Market Trend
- Direct purchases of insurance policies by customers and massive availability of alternative platforms for purchasing insurance policy
Market Opportunities
- Implementation of technologies in existing products and service lines
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Key Market Segmentation:
The report has categorized the Insurance Broking market based on type, distribution channel, and region.
Report Scope
The Market size value in 2024 (USD 1.2 Billion)
Revenue Forecast by 2033 (USD 2.5 Billion)
Growth Rate CAGR Of (8%)
Historical Years (2019-2023)
Base Year (2023)
Estimated Year (2024)
Short-Term Projection Year (2030)
Regions Covered (North America, Europe, the Middle East and Africa, Latin America, and the rest of the world)
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Note: With the help of the Growth Overview Charts, Historical Period Analysis, Forecast Period Analysis, Main Market Segmentation, Leading Key Market Players, TOC, List of Figures, and List of Tables in this report, you can get a thorough overview of the market.
Competitive Landscape:
Along with studying the profiles of the key players, the industry’s competitive environment has also been examined. Players profiled are HDFC, Life Insurance Corporation, ICICI Lombard General, Insurance, Life Insurance Corporation of India., Aditya Birla Capital Ltd.
Key highlights of the report:
- Insurance Broking Market Performance (2019-2023)
- Insurance Broking Market Outlook (2024-2030)
- Insurance Broking Market Trends
- Insurance Broking Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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