In the ever-evolving landscape of the insurance industry, expanding your reach is not just a matter of growth but one of survival. As the adage goes, “change is the only constant,” and this axiom holds particularly true in the world of insurance.
According to recent data from IBIS World, the insurance brokers and agencies industry is thriving. Its market size, measured by revenue, was $210.1 billion in 2022. The industry’s remarkable growth, averaging a 2.0% yearly increase between 2017 and 2022, surpasses the broader finance and insurance sector.
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