Global Insurance, Reinsurance & Insurance Brokerage Market Will Reach $9.76 Billion By 2026 – Yahoo Finance | Region & Cash

DUBLIN, July 27, 2022 /PRNewswire/ — Added the Insurance, Reinsurance and Insurance Brokerage Global Market Report 2022 ResearchAndMarkets.com Offer.

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The global insurance, reinsurance and insurance mediation market is expected to continue growing $6,254.86 billion in 2021 to $6,905.65 billion in 2022 at a compound annual growth rate (CAGR) of 10.4%. The market should continue to grow $9,762.37 billion in 2026 at a compound annual growth rate (CAGR) of 9%.

The insurance, reinsurance and insurance mediation market consists of the sale of insurance by companies (organizations, sole traders and partnerships) engaged in the provision of insurance and related activities such as underwriting (taking the risk and assigning premiums) of policies, insurance mediation , and reinsurance.

North America was the largest region in Insurance, Reinsurance and Insurance Mediation Market in 2021. Asia Pacific was the second largest region in insurance, reinsurance and insurance brokerage. The regions covered in this report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, middle Eastand Africa.

Rapid growth in internet penetration and increased risks associated with using the internet for critical transactions are driving the demand for cyber insurance. Cyber ​​insurance covers internet-based risks and risks related to information technology infrastructure. It also covers property theft, business interruption, software and data loss, cyber extortion, network failure liability, cyber crime and property damage.

For example, in 2021, according to the National Health Agency of Indiaan Indian government agency, there were 1.18 billion mobile phone connections, 600 million smartphones and 700 million internet users India, increasing by 25 million every quarter. Therefore, the rapid growth of Internet penetration and the increased risks associated with Internet use are driving the insurance, reinsurance and insurance intermediation market.

Peer-to-peer insurance is gradually gaining importance in both emerging and developed markets, due to lower premium costs in emerging markets, which are a result of improved internet penetration in these regions. Peer-to-peer insurance is based on the pooling of insurance premiums from the participants, which can be used to cover future uncertain losses and split the remaining amount among the participants. It aims to reduce premium and overhead costs compared to traditional insurance providers, reduce inefficiencies and increase business transparency.

scope
Covered Markets:
1) By Type: Insurance; insurance brokers and agents; reinsurance
2) By Mode: Online; Offline
3) By End User: Enterprise; Individually

Main topics covered:

1. Summary

2. Reporting structure

3. Characteristics of the insurance, reinsurance and insurance mediation market

4. Insurance, reinsurance and insurance broker market product analysis

5. Supply chain of insurance, reinsurance and insurance intermediation market

6. Customer information for the insurance, reinsurance and insurance brokerage market

7. Market trends and strategies for insurance, reinsurance and insurance brokers

8. Impact of COVID-19 on Insurance, Reinsurance and Insurance Mediation

9. Insurance, Reinsurance and Insurance Mediation Market Size and Growth

10. Regional Analysis of Insurance, Reinsurance and Insurance Mediation Market

11. Insurance, reinsurance and insurance broker market segmentation

12. Market segments for insurance, reinsurance and insurance intermediation

13. Key figures on the insurance, reinsurance and insurance broker market

14. Asia Pacific Insurance, Reinsurance and Insurance Mediation Market

15. Western European insurance, reinsurance and insurance mediation market

16. Eastern Europe Insurance, Reinsurance and Insurance Mediation Market

17. North America Insurance, Reinsurance and Insurance Mediation Market

18. South American Insurance, Reinsurance and Insurance Brokerage Market

19. Middle East Insurance, Reinsurance and Insurance Mediation Market

20. African Insurance, Reinsurance and Insurance Intermediation Market

21. Insurance, reinsurance and insurance broker market competitive landscape

22. Major mergers and acquisitions in the insurance, reinsurance and insurance intermediation market

23. Market Background: Financial Services Market

24. Recommendations

25. Appendix

26. Copyright and Disclaimer

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For more information about this report, visit https://www.researchandmarkets.com/r/7z4ufn

Media contact:

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