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  The  global insurtech market  size  2020 is estimated to be valued at $7,841.0 , growing at a  CAGR of 29.1%  and is expected to  reach $57,934.0 million by 2028 . COVID-19 Impact on the Insurtech Market The global insurtech market trend is projected to be positively impacted by the COVID-19 outbreak. Businesses all across the world are attempting to increase their competitiveness and market worth in order to prepare for the pandemic. Businesses and customers avoid personal touch to prevent the spread of infections. These actions will benefit artificial intelligence, blockchain, and other user-friendly insurance technology. As a result, the need for insurtech startups and solutions has increased considerably during the corona virus pandemic. Global Insurtech Market Analysis Market growth is expected to be fueled by rising demand for insurance service digitization. The simplification of claims processes is likely to drive growth of insurtech gateways and fintech insurtechs. Insurance

  The  global home insurance market  is estimated to be valued at   $4,07,940.4 million by 2028 , surging from   $2,41,006.8 million in 2020   at a noteworthy   CAGR of 6.8% . Impact Analysis of COVID-19 on the Home Insurance Market The COVID-19 emergency has had a negative impact on the global home insurance market growth. During the pandemic, the restriction on construction activities led to decline in demand of home insurance services globally. The general economic activity is uncertain and could continue to negatively impact premium volumes of the insurance companies. The degree of the impact will depend on the duration of the pandemic and the related impact on the economy. Moreover, during the time of the pandemic, some of the global insurance companies have been adopting various strategies such as acquisition and partnerships to gain a major position in the global market during the pandemic. Post COVID-19 Pandemic Impacts on Home Insurance Market. Click to Connect with our Expert

  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 home insurance market  is estimated to be valued at  $4,07,940.4 million by 2028 , surging from  $2,41,006.8 million in 2020  at a noteworthy  CAGR of 6.8% . Global Home Insurance Market Analysis The surge in the human population has increased the demand for housing services globally, which has propelled the development of residential housing services. The increasing requirement for safe housing has aided in the expansion of home insurance market. The utilization of home insurance services has advantages such as coverage of temporary living expenses and coverage for the loss/damage to your valuable assets and precious personal belongings, which makes it easier to avail a house loan from banks that provides coverage against natural and man-made calamities, protection against liabilities, and others. These factors are expected to contribute in the growth of global home insurance market. The lack of awareness of investment and lack of resources in growing businesses may obst