The commercial insurance market is predicted to reach $933.91 billion in 2024, according to the latest data from Market Research Future.

Market drivers include increasing regulatory compliance requirements, growing complexity of business operations and rising frequency and severity of natural catastrophes, the report showed, with machine learning and artificial intelligence now changing how risks are evaluated and underwritten, leading to correct prices and quicker claims settlement.

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Joe Toppe

Joe Toppe serves as managing editor of PropertyCasualty360.com. Joe is also a father of three, an author, and longtime lover of baseball.

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