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 (%)
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.
TABLE OF CONTENTS
1 Introduction to Research & Analysis Reports
1.1 Insurance Brokerage Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Insurance Brokerage Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Insurance Brokerage Overall Market Size
2.1 Global Insurance Brokerage Market Size: 2022 VS 2029
2.2 Global Insurance Brokerage Market Size, Prospects & Forecasts: 2018-2029
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top Insurance Brokerage Players in Global Market
3.2 Top Global Insurance Brokerage Companies Ranked by Revenue
3.3 Global Insurance Brokerage Revenue by Companies
3.4 Top 3 and Top 5 Insurance Brokerage Companies in Global Market, by Revenue in 2022
3.5 Global Companies Insurance Brokerage Product Type
3.6 Tier 1, Tier 2 and Tier 3 Insurance Brokerage Players in Global Market
3.6.1 List of Global Tier 1 Insurance Brokerage Companies
3.6.2 List of Global Tier 2 and Tier 3 Insurance Brokerage Companies
4 Market Sights by Product
4.1 Overview
4.1.1 By Type - Global Insurance Brokerage Market Size Markets, 2022 & 2029
4.1.2 Life Insurance
4.1.3 Non-Life Insurance
4.2 By Type - Global Insurance Brokerage Revenue & Forecasts
4.2.1 By Type - Global Insurance Brokerage Revenue, 2018-2023
4.2.2 By Type - Global Insurance Brokerage Revenue, 2024-2029
4.2.3 By Type - Global Insurance Brokerage Revenue Market Share, 2018-2029
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global Insurance Brokerage Market Size, 2022 & 2029
5.1.2 Institution
5.1.3 Individual
5.2 By Application - Global Insurance Brokerage Revenue & Forecasts
5.2.1 By Application - Global Insurance Brokerage Revenue, 2018-2023
5.2.2 By Application - Global Insurance Brokerage Revenue, 2024-2029
5.2.3 By Application - Global Insurance Brokerage Revenue Market Share, 2018-2029
6 Sights by Region
6.1 By Region - Global Insurance Brokerage Market Size, 2022 & 2029
6.2 By Region - Global Insurance Brokerage Revenue & Forecasts
6.2.1 By Region - Global Insurance Brokerage Revenue, 2018-2023
6.2.2 By Region - Global Insurance Brokerage Revenue, 2024-2029
6.2.3 By Region - Global Insurance Brokerage Revenue Market Share, 2018-2029
6.3 North America
6.3.1 By Country - North America Insurance Brokerage Revenue, 2018-2029
6.3.2 US Insurance Brokerage Market Size, 2018-2029
6.3.3 Canada Insurance Brokerage Market Size, 2018-2029
6.3.4 Mexico Insurance Brokerage Market Size, 2018-2029
6.4 Europe
6.4.1 By Country - Europe Insurance Brokerage Revenue, 2018-2029
6.4.2 Germany Insurance Brokerage Market Size, 2018-2029
6.4.3 France Insurance Brokerage Market Size, 2018-2029
6.4.4 U.K. Insurance Brokerage Market Size, 2018-2029
6.4.5 Italy Insurance Brokerage Market Size, 2018-2029
6.4.6 Russia Insurance Brokerage Market Size, 2018-2029
6.4.7 Nordic Countries Insurance Brokerage Market Size, 2018-2029
6.4.8 Benelux Insurance Brokerage Market Size, 2018-2029
6.5 Asia
6.5.1 By Region - Asia Insurance Brokerage Revenue, 2018-2029
6.5.2 China Insurance Brokerage Market Size, 2018-2029
6.5.3 Japan Insurance Brokerage Market Size, 2018-2029
6.5.4 South Korea Insurance Brokerage Market Size, 2018-2029
6.5.5 Southeast Asia Insurance Brokerage Market Size, 2018-2029
6.5.6 India Insurance Brokerage Market Size, 2018-2029
6.6 South America
6.6.1 By Country - South America Insurance Brokerage Revenue, 2018-2029
6.6.2 Brazil Insurance Brokerage Market Size, 2018-2029
6.6.3 Argentina Insurance Brokerage Market Size, 2018-2029
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa Insurance Brokerage Revenue, 2018-2029
6.7.2 Turkey Insurance Brokerage Market Size, 2018-2029
6.7.3 Israel Insurance Brokerage Market Size, 2018-2029
6.7.4 Saudi Arabia Insurance Brokerage Market Size, 2018-2029
6.7.5 UAE Insurance Brokerage Market Size, 2018-2029
7 Insurance Brokerage Companies Profiles
7.1 Wells Fargo Insurance Services
7.1.1 Wells Fargo Insurance Services Company Summary
7.1.2 Wells Fargo Insurance Services Business Overview
7.1.3 Wells Fargo Insurance Services Insurance Brokerage Major Product Offerings
7.1.4 Wells Fargo Insurance Services Insurance Brokerage Revenue in Global Market (2018-2023)
7.1.5 Wells Fargo Insurance Services Key News & Latest Developments
7.2 National Financial Partners
7.2.1 National Financial Partners Company Summary
7.2.2 National Financial Partners Business Overview
7.2.3 National Financial Partners Insurance Brokerage Major Product Offerings
7.2.4 National Financial Partners Insurance Brokerage Revenue in Global Market (2018-2023)
7.2.5 National Financial Partners Key News & Latest Developments
7.3 Meadowbrook Insurance Group
7.3.1 Meadowbrook Insurance Group Company Summary
7.3.2 Meadowbrook Insurance Group Business Overview
7.3.3 Meadowbrook Insurance Group Insurance Brokerage Major Product Offerings
7.3.4 Meadowbrook Insurance Group Insurance Brokerage Revenue in Global Market (2018-2023)
7.3.5 Meadowbrook Insurance Group Key News & Latest Developments
7.4 Jardine Lloyd Thompson Group
7.4.1 Jardine Lloyd Thompson Group Company Summary
7.4.2 Jardine Lloyd Thompson Group Business Overview
7.4.3 Jardine Lloyd Thompson Group Insurance Brokerage Major Product Offerings
7.4.4 Jardine Lloyd Thompson Group Insurance Brokerage Revenue in Global Market (2018-2023)
7.4.5 Jardine Lloyd Thompson Group Key News & Latest Developments
7.5 BB&T Insurance Services
7.5.1 BB&T Insurance Services Company Summary
7.5.2 BB&T Insurance Services Business Overview
7.5.3 BB&T Insurance Services Insurance Brokerage Major Product Offerings
7.5.4 BB&T Insurance Services Insurance Brokerage Revenue in Global Market (2018-2023)
7.5.5 BB&T Insurance Services Key News & Latest Developments
7.6 Willis Group
7.6.1 Willis Group Company Summary
7.6.2 Willis Group Business Overview
7.6.3 Willis Group Insurance Brokerage Major Product Offerings
7.6.4 Willis Group Insurance Brokerage Revenue in Global Market (2018-2023)
7.6.5 Willis Group Key News & Latest Developments
7.7 Marsh & McLennan
7.7.1 Marsh & McLennan Company Summary
7.7.2 Marsh & McLennan Business Overview
7.7.3 Marsh & McLennan Insurance Brokerage Major Product Offerings
7.7.4 Marsh & McLennan Insurance Brokerage Revenue in Global Market (2018-2023)
7.7.5 Marsh & McLennan Key News & Latest Developments
7.8 Arthur J. Gallagher
7.8.1 Arthur J. Gallagher Company Summary
7.8.2 Arthur J. Gallagher Business Overview
7.8.3 Arthur J. Gallagher Insurance Brokerage Major Product Offerings
7.8.4 Arthur J. Gallagher Insurance Brokerage Revenue in Global Market (2018-2023)
7.8.5 Arthur J. Gallagher Key News & Latest Developments
7.9 Hub International
7.9.1 Hub International Company Summary
7.9.2 Hub International Business Overview
7.9.3 Hub International Insurance Brokerage Major Product Offerings
7.9.4 Hub International Insurance Brokerage Revenue in Global Market (2018-2023)
7.9.5 Hub International Key News & Latest Developments
7.10 Brown & Brown
7.10.1 Brown & Brown Company Summary
7.10.2 Brown & Brown Business Overview
7.10.3 Brown & Brown Insurance Brokerage Major Product Offerings
7.10.4 Brown & Brown Insurance Brokerage Revenue in Global Market (2018-2023)
7.10.5 Brown & Brown Key News & Latest Developments
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
LIST OF TABLES & FIGURES
List of Tables
Table 1. Insurance Brokerage Market Opportunities & Trends in Global Market
Table 2. Insurance Brokerage Market Drivers in Global Market
Table 3. Insurance Brokerage Market Restraints in Global Market
Table 4. Key Players of Insurance Brokerage in Global Market
Table 5. Top Insurance Brokerage Players in Global Market, Ranking by Revenue (2022)
Table 6. Global Insurance Brokerage Revenue by Companies, (US$, Mn), 2018-2023
Table 7. Global Insurance Brokerage Revenue Share by Companies, 2018-2023
Table 8. Global Companies Insurance Brokerage Product Type
Table 9. List of Global Tier 1 Insurance Brokerage Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Insurance Brokerage Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 11. By Type ? Global Insurance Brokerage Revenue, (US$, Mn), 2022 & 2029
Table 12. By Type - Insurance Brokerage Revenue in Global (US$, Mn), 2018-2023
Table 13. By Type - Insurance Brokerage Revenue in Global (US$, Mn), 2024-2029
Table 14. By Application ? Global Insurance Brokerage Revenue, (US$, Mn), 2022 & 2029
Table 15. By Application - Insurance Brokerage Revenue in Global (US$, Mn), 2018-2023
Table 16. By Application - Insurance Brokerage Revenue in Global (US$, Mn), 2024-2029
Table 17. By Region ? Global Insurance Brokerage Revenue, (US$, Mn), 2022 & 2029
Table 18. By Region - Global Insurance Brokerage Revenue (US$, Mn), 2018-2023
Table 19. By Region - Global Insurance Brokerage Revenue (US$, Mn), 2024-2029
Table 20. By Country - North America Insurance Brokerage Revenue, (US$, Mn), 2018-2023
Table 21. By Country - North America Insurance Brokerage Revenue, (US$, Mn), 2024-2029
Table 22. By Country - Europe Insurance Brokerage Revenue, (US$, Mn), 2018-2023
Table 23. By Country - Europe Insurance Brokerage Revenue, (US$, Mn), 2024-2029
Table 24. By Region - Asia Insurance Brokerage Revenue, (US$, Mn), 2018-2023
Table 25. By Region - Asia Insurance Brokerage Revenue, (US$, Mn), 2024-2029
Table 26. By Country - South America Insurance Brokerage Revenue, (US$, Mn), 2018-2023
Table 27. By Country - South America Insurance Brokerage Revenue, (US$, Mn), 2024-2029
Table 28. By Country - Middle East & Africa Insurance Brokerage Revenue, (US$, Mn), 2018-2023
Table 29. By Country - Middle East & Africa Insurance Brokerage Revenue, (US$, Mn), 2024-2029
Table 30. Wells Fargo Insurance Services Company Summary
Table 31. Wells Fargo Insurance Services Insurance Brokerage Product Offerings
Table 32. Wells Fargo Insurance Services Insurance Brokerage Revenue (US$, Mn) & (2018-2023)
Table 33. Wells Fargo Insurance Services Key News & Latest Developments
Table 34. National Financial Partners Company Summary
Table 35. National Financial Partners Insurance Brokerage Product Offerings
Table 36. National Financial Partners Insurance Brokerage Revenue (US$, Mn) & (2018-2023)
Table 37. National Financial Partners Key News & Latest Developments
Table 38. Meadowbrook Insurance Group Company Summary
Table 39. Meadowbrook Insurance Group Insurance Brokerage Product Offerings
Table 40. Meadowbrook Insurance Group Insurance Brokerage Revenue (US$, Mn) & (2018-2023)
Table 41. Meadowbrook Insurance Group Key News & Latest Developments
Table 42. Jardine Lloyd Thompson Group Company Summary
Table 43. Jardine Lloyd Thompson Group Insurance Brokerage Product Offerings
Table 44. Jardine Lloyd Thompson Group Insurance Brokerage Revenue (US$, Mn) & (2018-2023)
Table 45. Jardine Lloyd Thompson Group Key News & Latest Developments
Table 46. BB&T Insurance Services Company Summary
Table 47. BB&T Insurance Services Insurance Brokerage Product Offerings
Table 48. BB&T Insurance Services Insurance Brokerage Revenue (US$, Mn) & (2018-2023)
Table 49. BB&T Insurance Services Key News & Latest Developments
Table 50. Willis Group Company Summary
Table 51. Willis Group Insurance Brokerage Product Offerings
Table 52. Willis Group Insurance Brokerage Revenue (US$, Mn) & (2018-2023)
Table 53. Willis Group Key News & Latest Developments
Table 54. Marsh & McLennan Company Summary
Table 55. Marsh & McLennan Insurance Brokerage Product Offerings
Table 56. Marsh & McLennan Insurance Brokerage Revenue (US$, Mn) & (2018-2023)
Table 57. Marsh & McLennan Key News & Latest Developments
Table 58. Arthur J. Gallagher Company Summary
Table 59. Arthur J. Gallagher Insurance Brokerage Product Offerings
Table 60. Arthur J. Gallagher Insurance Brokerage Revenue (US$, Mn) & (2018-2023)
Table 61. Arthur J. Gallagher Key News & Latest Developments
Table 62. Hub International Company Summary
Table 63. Hub International Insurance Brokerage Product Offerings
Table 64. Hub International Insurance Brokerage Revenue (US$, Mn) & (2018-2023)
Table 65. Hub International Key News & Latest Developments
Table 66. Brown & Brown Company Summary
Table 67. Brown & Brown Insurance Brokerage Product Offerings
Table 68. Brown & Brown Insurance Brokerage Revenue (US$, Mn) & (2018-2023)
Table 69. Brown & Brown Key News & Latest Developments
List of Figures
Figure 1. Insurance Brokerage Segment by Type in 2022
Figure 2. Insurance Brokerage Segment by Application in 2022
Figure 3. Global Insurance Brokerage Market Overview: 2022
Figure 4. Key Caveats
Figure 5. Global Insurance Brokerage Market Size: 2022 VS 2029 (US$, Mn)
Figure 6. Global Insurance Brokerage Revenue, 2018-2029 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by Insurance Brokerage Revenue in 2022
Figure 8. By Type - Global Insurance Brokerage Revenue Market Share, 2018-2029
Figure 9. By Application - Global Insurance Brokerage Revenue Market Share, 2018-2029
Figure 10. By Type - Global Insurance Brokerage Revenue, (US$, Mn), 2022 & 2029
Figure 11. By Type - Global Insurance Brokerage Revenue Market Share, 2018-2029
Figure 12. By Application - Global Insurance Brokerage Revenue, (US$, Mn), 2022 & 2029
Figure 13. By Application - Global Insurance Brokerage Revenue Market Share, 2018-2029
Figure 14. By Region - Global Insurance Brokerage Revenue Market Share, 2018-2029
Figure 15. By Country - North America Insurance Brokerage Revenue Market Share, 2018-2029
Figure 16. US Insurance Brokerage Revenue, (US$, Mn), 2018-2029
Figure 17. Canada Insurance Brokerage Revenue, (US$, Mn), 2018-2029
Figure 18. Mexico Insurance Brokerage Revenue, (US$, Mn), 2018-2029
Figure 19. By Country - Europe Insurance Brokerage Revenue Market Share, 2018-2029
Figure 20. Germany Insurance Brokerage Revenue, (US$, Mn), 2018-2029
Figure 21. France Insurance Brokerage Revenue, (US$, Mn), 2018-2029
Figure 22. U.K. Insurance Brokerage Revenue, (US$, Mn), 2018-2029
Figure 23. Italy Insurance Brokerage Revenue, (US$, Mn), 2018-2029
Figure 24. Russia Insurance Brokerage Revenue, (US$, Mn), 2018-2029
Figure 25. Nordic Countries Insurance Brokerage Revenue, (US$, Mn), 2018-2029
Figure 26. Benelux Insurance Brokerage Revenue, (US$, Mn), 2018-2029
Figure 27. By Region - Asia Insurance Brokerage Revenue Market Share, 2018-2029
Figure 28. China Insurance Brokerage Revenue, (US$, Mn), 2018-2029
Figure 29. Japan Insurance Brokerage Revenue, (US$, Mn), 2018-2029
Figure 30. South Korea Insurance Brokerage Revenue, (US$, Mn), 2018-2029
Figure 31. Southeast Asia Insurance Brokerage Revenue, (US$, Mn), 2018-2029
Figure 32. India Insurance Brokerage Revenue, (US$, Mn), 2018-2029
Figure 33. By Country - South America Insurance Brokerage Revenue Market Share, 2018-2029
Figure 34. Brazil Insurance Brokerage Revenue, (US$, Mn), 2018-2029
Figure 35. Argentina Insurance Brokerage Revenue, (US$, Mn), 2018-2029
Figure 36. By Country - Middle East & Africa Insurance Brokerage Revenue Market Share, 2018-2029
Figure 37. Turkey Insurance Brokerage Revenue, (US$, Mn), 2018-2029
Figure 38. Israel Insurance Brokerage Revenue, (US$, Mn), 2018-2029
Figure 39. Saudi Arabia Insurance Brokerage Revenue, (US$, Mn), 2018-2029
Figure 40. UAE Insurance Brokerage Revenue, (US$, Mn), 2018-2029
Figure 41. Wells Fargo Insurance Services Insurance Brokerage Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 42. National Financial Partners Insurance Brokerage Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 43. Meadowbrook Insurance Group Insurance Brokerage Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 44. Jardine Lloyd Thompson Group Insurance Brokerage Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 45. BB&T Insurance Services Insurance Brokerage Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 46. Willis Group Insurance Brokerage Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 47. Marsh & McLennan Insurance Brokerage Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 48. Arthur J. Gallagher Insurance Brokerage Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 49. Hub International Insurance Brokerage Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 50. Brown & Brown Insurance Brokerage Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
