Industrial Research World

  The  global insurance brokerage market  is estimated to be valued at   $515.3 billion by 2028 , surging from   $317.9 billion in 2020   at a   CAGR of 5.4% .  Impact Analysis of COVID-19 on the Insurance Brokerage Market During the COVID-19 pandemic, the worldwide market for insurance brokerage is expected to be affected adversely. Due to a decline in consumer demand for insurance, different insurance brokerage firms in developing countries have closed, and shareholders of public trading insurance brokerage firms are withholding their contributions from the company in order to raise funds to meet their daily and conventional needs. The insurance brokerage market has grown significantly in recent years; however, due to the outbreak of the COVID-19 pandemic, the market is expected to experience a minor decline in 2020. This is attributed to the execution of curfew by government bodies in most nations, as well as the closure of businesses and private & public companies around the gl

  The  global insurance brokerage market  is estimated to be valued at   $515.3 billion by 2028 , surging from   $317.9 billion in 2020 at a CAGR of 5.4%.  Impact Analysis of COVID-19 on the Insurance Brokerage Market During the COVID-19 pandemic, the worldwide market for insurance brokerage is expected to be affected adversely. Due to a decline in consumer demand for insurance, different insurance brokerage firms in developing countries have closed, and shareholders of public trading insurance brokerage firms are withholding their contributions from the company in order to raise funds to meet their daily and conventional needs. The insurance brokerage market has grown significantly in recent years; however, due to the outbreak of the COVID-19 pandemic, the market is expected to experience a minor decline in 2020. This is attributed to the execution of curfew by government bodies in most nations, as well as the closure of businesses and private & public companies around the globe,