While the market is anticipated to rise, a lack of insurance education among small businesses owners could constrain growth, the research company reported. (Credit: investment/stock.adobe.com) While the market is anticipated to rise, a lack of insurance education among small businesses owners could constrain growth, the research company reported. (Credit: investment/stock.adobe.com)

The worldwide commercial insurance market is anticipated to see a compound annual growth rate of 8.5% by 2028, reaching a value of more than $1.22 trillion, according to Valuates Reports. The market was valued at $692 billion in 2020.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]