Overview and Scope
Insurance is a contract under which an individual or entity receives financial protection or reimbursement/compensation for any damages from an insurance company
Sizing and Forecast
The investigation and security services market size has grown strongly in recent years. It will grow from <b>$388.69 billion in 2023 to $423.82 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. </b> The growth in the historic period can be attributed to crime and threats, regulatory compliance, corporate security, data security.
The investigation and security services market size is expected to see strong growth in the next few years. It will grow to <b>$589.62 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. </b> The growth in the forecast period can be attributed to terrorism and political instability, public safety concerns, digital transformation, remote work security. Major trends in the forecast period include digital transformation, security technology advancements, artificial intelligence and automation.
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Segmentation & Regional Insights
The insurance (providers, brokers and re-insurers) market covered in this report is segmented –
1) By Type: Insurance Providers, Insurance Brokers And Agents, Reinsurance Providers
2) By Mode: Online, Offline
3) By End User: Corporate, Individual
Subsegments Covered: Life Insurance Providers, Property & Casualty Insurance Providers, Health & Medical Insurance Providers, Insurance Agencies, Insurance Brokers, Bancassurance, Other Intermediaries, Property & Casualty Reinsurance Providers, Life & Health Reinsurance Providers
<b>North America</b> was the largest region in the insurance (providers, brokers, and re-insurers) market in 2023. <b>Asia-Pacific</b> was the second largest region in the global insurance (providers, brokers, and re-insurers) market. The regions covered in the insurance (providers, brokers, and re-insurers) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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Major Driver Impacting Market Growth
The global payments industry has witnessed a rapid increase in the adoption of EMV technology. This growth is driven by the higher level of data security offered by EMV chips and PIN cards as compared to traditional magnetic stripe cards. EMV is a security standard for various payment cards, including debit, credit, charge, and prepaid cards. The chip carries data for the cardholder and the account, which is protected using both hardware and software security measures. For instance, in August 2023, according to Thales Group, a France-based manufacturer of electrical systems, in 2023, 69.25% of all issued payment cards worldwide were EMV chip-based in 2022. EMV card transactions increased from 77,52% in 2021 to 87,19% in 2022.
Key Industry Players
Major companies operating in the insurance (providers, brokers and re-insurers) market include <b> UnitedHealth Group, Axa S.A., Munich Re, Allianz SE, Generali Group, Swiss Re Ltd., Hannover Reinsurance S.E., Berkshire Hathaway Assurance, Progressive Corporation, Allstate Corporation, Liberty Mutual Insurance Group, The Travelers Companies Inc., USAA, Chubb Limited, Nationwide Mutual Insurance Company, American International Group Inc., American Family Insurance Group, Erie Insurance Group, Auto-Owners Insurance Group, CNA Financial Corporation, The Hartford Financial Services Group Inc., State Auto Financial Corporation, Cincinnati Financial Corporation, Mercury General Corporation, AmTrust Financial Services Inc., AXIS Capital Holdings Limited, Taiping Reinsurance Co. Ltd., Marsh McLennan Companies Inc., Aon plc, Willis Towers Watson Holdings plc, Arthur J. Gallagher & Co., Hub International Limited, Brown & Brown Inc., Lincoln Financial Group.</b>
The insurance (providers, brokers and re-insurers) market report table of contents includes:
1. Executive Summary
2. Insurance (Providers, Brokers and Re-Insurers) Market Characteristics
3. Insurance (Providers, Brokers and Re-Insurers) Product/Service Analysis -Product/Service Examples
4. Insurance (Providers, Brokers and Re-Insurers) Market Trends And Strategies
5. Insurance (Providers, Brokers and Re-Insurers) Market – Macro Economic Scenario
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26. Germany Insurance (Providers, Brokers and Re-Insurers) Market
27. France Insurance (Providers, Brokers and Re-Insurers) Market
28. Italy Insurance (Providers, Brokers and Re-Insurers) Market
29. Spain Insurance (Providers, Brokers and Re-Insurers) Market
30. Austria Insurance (Providers, Brokers and Re-Insurers) Market
Top Major Players:
- UnitedHealth Group
- Axa S.A
- Munich Re
- Allianz SE
- Generali Group
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