Insurance Brokerage Market

The insurance brokerage market consists of firms that act as intermediaries, helping individuals and corporations select and purchase appropriate insurance coverage. The primary customers are segmented into individuals seeking personal lines like life and auto insurance, and corporate clients requiring commercial policies for property, casualty, and liability risks. Key growth drivers include rising industrialization which creates new commercial risks, growing automobile adoption, an increasing global population demanding more life insurance, and rising disposable income enabling greater insurance expenditure.