UK Insurance Brokerage Market - Forecast(2022 - 2027)

Brochure

• The rise of automation has become one of the major challenges for the insurance brokerage market. Developments in technology, such as artificial intelligence, have a posed a threat to the jobs of brokers.

• But technology also provides the opportunity to free up their time and help them focus on risk-based client management activities..

Before

Key Takeaways

•Insurance brokers are basically intermediaries between the policyholders and the insurers. Insurance brokers are specialized in insurance and risk management.

•They help the policy holders identify and decide on what to insure, how much to insure, and how to manage risks in different ways.

Brochure

U.K. Insurance Brokerage Market Outlook

Insurance brokers are basically intermediaries between the policyholders and the insurers. Insurance brokers are specialized in insurance and risk management. They help the policy holders identify and decide on what to insure, how much to insure, and how to manage risks in different ways. In recent times, the advancements in machine learning and AI is enabling major players to increase their focus on business intelligence. This includes the process of converting raw data into key marketing insights and information. Using machine learning and AI can help brokers create data sets, and then create and share the relevant information to customers.

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