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The Insurtech industry is experiencing rapid growth, driven by digital transformation and increasing demand for efficient, customer-centric solutions. Traditional insurance agencies are adopting technology to improve operations, enhance client relationships, and compete with digital-first players. Focus is on automation, data analytics, and personalized communication, creating a dynamic and competitive landscape.
Total Assets Under Management (AUM)
Number of Independent Insurance Agencies in United States
~Approximately 37,500 (NAIC, 2023)
(1.5% CAGR)
Growth in independent agencies is modest, primarily driven by consolidation and new market entrants. This includes small and medium-sized agencies, and those focusing on property & casualty.
2.9 trillion USD
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