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Insurance Brokerage Market, Global Outlook and Forecast 2023-2029

Insurance Brokerage Market, Global Outlook and Forecast 2023-2029

  • Published on : 16 June 2023
  • Pages :61
  • Report Code:SMR-7724278

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Report overview

The global Insurance Brokerage market was valued at US$ 80960 million in 2022 and is projected to reach US$ 114100 million by 2029, at a CAGR of 5.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Business brokerage is the business of giving people independent advice about what insurance is available from different companies and of arranging insurance for them.
This report aims to provide a comprehensive presentation of the global market for Insurance Brokerage, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Insurance Brokerage. This report contains market size and forecasts of Insurance Brokerage in global, including the following market information:
Global Insurance Brokerage Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)

Some of main insurance brokerage Services are Commercial P&C insurance, Personal P&C insurance, Health and medical insurance, Life and accident insurance, Insurance administration and risk consulting and Annuities.
We surveyed the Insurance Brokerage companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:

Global Insurance Brokerage Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Insurance Brokerage Market Segment Percentages, by Type, 2022 (%)
  • Life Insurance
  • Non-Life Insurance
Global Insurance Brokerage Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Insurance Brokerage Market Segment Percentages, by Application, 2022 (%)
  • Institution
  • Individual
Global Insurance Brokerage Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Insurance Brokerage Market Segment Percentages, By Region and Country, 2022 (%)
  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Russia
  • Nordic Countries
  • Benelux
  • Rest of Europe
  • Asia
  • China
  • Japan
  • South Korea
  • Southeast Asia
  • India
  • Rest of Asia
  • South America
  • Brazil
  • Argentina
  • Rest of South America
  • Middle East & Africa
  • Turkey
  • Israel
  • Saudi Arabia
  • UAE
  • Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
  • Key companies Insurance Brokerage revenues in global market, 2018-2023 (estimated), ($ millions)
  • Key companies Insurance Brokerage revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
  • Wells Fargo Insurance Services
  • National Financial Partners
  • Meadowbrook Insurance Group
  • Jardine Lloyd Thompson Group
  • BB&T Insurance Services
  • Willis Group
  • Marsh & McLennan
  • Arthur J. Gallagher
  • Hub International
  • Brown & Brown

Outline of Major Chapters:
Chapter 1: Introduces the definition of Insurance Brokerage, market overview.
Chapter 2: Global Insurance Brokerage market size in revenue.
Chapter 3: Detailed analysis of Insurance Brokerage company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Insurance Brokerage in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.