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Insurance Brokerage-Global Market Insights and Sales Trends 2025
Synopsis
Business brokerage is the business of giving people independent advice about what insurance is available from different companies and of arranging insurance for them.
The global Insurance Brokerage market size is expected to reach US$ 113290 million by 2029, growing at a CAGR of 5.3% from 2023 to 2029. The market is mainly driven by the significant applications of Insurance Brokerage in various end use industries. The expanding demands from the Institution and Individual, are propelling Insurance Brokerage market. Life Insurance, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Non-Life Insurance segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Insurance Brokerage, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Insurance Brokerage market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Insurance Brokerage market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Insurance Brokerage sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Insurance Brokerage covered in this report 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 and Hub International, etc.
The global Insurance Brokerage market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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
Global Insurance Brokerage market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Insurance Brokerage market, Segment by Type:
Life Insurance
Non-Life Insurance
Global Insurance Brokerage market, by Application
Institution
Individual
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: 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 Three: 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 Four: Detailed analysis of Insurance Brokerage companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Business brokerage is the business of giving people independent advice about what insurance is available from different companies and of arranging insurance for them.
The global Insurance Brokerage market size is expected to reach US$ 113290 million by 2029, growing at a CAGR of 5.3% from 2023 to 2029. The market is mainly driven by the significant applications of Insurance Brokerage in various end use industries. The expanding demands from the Institution and Individual, are propelling Insurance Brokerage market. Life Insurance, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Non-Life Insurance segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Insurance Brokerage, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Insurance Brokerage market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Insurance Brokerage market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Insurance Brokerage sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Insurance Brokerage covered in this report 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 and Hub International, etc.
The global Insurance Brokerage market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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
Global Insurance Brokerage market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Insurance Brokerage market, Segment by Type:
Life Insurance
Non-Life Insurance
Global Insurance Brokerage market, by Application
Institution
Individual
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: 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 Three: 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 Four: Detailed analysis of Insurance Brokerage companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Insurance Brokerage
1.1 Insurance Brokerage Market Overview
1.1.1 Insurance Brokerage Product Scope
1.1.2 Insurance Brokerage Market Status and Outlook
1.2 Global Insurance Brokerage Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Insurance Brokerage Market Size by Region (2018-2029)
1.4 Global Insurance Brokerage Historic Market Size by Region (2018-2023)
1.5 Global Insurance Brokerage Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Insurance Brokerage Market Size (2018-2029)
1.6.1 North America Insurance Brokerage Market Size (2018-2029)
1.6.2 Europe Insurance Brokerage Market Size (2018-2029)
1.6.3 Asia-Pacific Insurance Brokerage Market Size (2018-2029)
1.6.4 Latin America Insurance Brokerage Market Size (2018-2029)
1.6.5 Middle East & Africa Insurance Brokerage Market Size (2018-2029)
2 Insurance Brokerage Market by Type
2.1 Introduction
2.1.1 Life Insurance
2.1.2 Non-Life Insurance
2.2 Global Insurance Brokerage Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Insurance Brokerage Historic Market Size by Type (2018-2023)
2.2.2 Global Insurance Brokerage Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Insurance Brokerage Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Insurance Brokerage Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Insurance Brokerage Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Insurance Brokerage Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Insurance Brokerage Revenue Breakdown by Type (2018-2029)
3 Insurance Brokerage Market Overview by Application
3.1 Introduction
3.1.1 Institution
3.1.2 Individual
3.2 Global Insurance Brokerage Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Insurance Brokerage Historic Market Size by Application (2018-2023)
3.2.2 Global Insurance Brokerage Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Insurance Brokerage Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Insurance Brokerage Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Insurance Brokerage Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Insurance Brokerage Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Insurance Brokerage Revenue Breakdown by Application (2018-2029)
4 Insurance Brokerage Competition Analysis by Players
4.1 Global Insurance Brokerage Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Insurance Brokerage as of 2022)
4.3 Date of Key Players Enter into Insurance Brokerage Market
4.4 Global Top Players Insurance Brokerage Headquarters and Area Served
4.5 Key Players Insurance Brokerage Product Solution and Service
4.6 Competitive Status
4.6.1 Insurance Brokerage Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Wells Fargo Insurance Services
5.1.1 Wells Fargo Insurance Services Profile
5.1.2 Wells Fargo Insurance Services Main Business
5.1.3 Wells Fargo Insurance Services Insurance Brokerage Products, Services and Solutions
5.1.4 Wells Fargo Insurance Services Insurance Brokerage Revenue (US$ Million) & (2018-2023)
5.1.5 Wells Fargo Insurance Services Recent Developments
5.2 National Financial Partners
5.2.1 National Financial Partners Profile
5.2.2 National Financial Partners Main Business
5.2.3 National Financial Partners Insurance Brokerage Products, Services and Solutions
5.2.4 National Financial Partners Insurance Brokerage Revenue (US$ Million) & (2018-2023)
5.2.5 National Financial Partners Recent Developments
5.3 Meadowbrook Insurance Group
5.3.1 Meadowbrook Insurance Group Profile
5.3.2 Meadowbrook Insurance Group Main Business
5.3.3 Meadowbrook Insurance Group Insurance Brokerage Products, Services and Solutions
5.3.4 Meadowbrook Insurance Group Insurance Brokerage Revenue (US$ Million) & (2018-2023)
5.3.5 Jardine Lloyd Thompson Group Recent Developments
5.4 Jardine Lloyd Thompson Group
5.4.1 Jardine Lloyd Thompson Group Profile
5.4.2 Jardine Lloyd Thompson Group Main Business
5.4.3 Jardine Lloyd Thompson Group Insurance Brokerage Products, Services and Solutions
5.4.4 Jardine Lloyd Thompson Group Insurance Brokerage Revenue (US$ Million) & (2018-2023)
5.4.5 Jardine Lloyd Thompson Group Recent Developments
5.5 BB&T Insurance Services
5.5.1 BB&T Insurance Services Profile
5.5.2 BB&T Insurance Services Main Business
5.5.3 BB&T Insurance Services Insurance Brokerage Products, Services and Solutions
5.5.4 BB&T Insurance Services Insurance Brokerage Revenue (US$ Million) & (2018-2023)
5.5.5 BB&T Insurance Services Recent Developments
5.6 Willis Group
5.6.1 Willis Group Profile
5.6.2 Willis Group Main Business
5.6.3 Willis Group Insurance Brokerage Products, Services and Solutions
5.6.4 Willis Group Insurance Brokerage Revenue (US$ Million) & (2018-2023)
5.6.5 Willis Group Recent Developments
5.7 Marsh & McLennan
5.7.1 Marsh & McLennan Profile
5.7.2 Marsh & McLennan Main Business
5.7.3 Marsh & McLennan Insurance Brokerage Products, Services and Solutions
5.7.4 Marsh & McLennan Insurance Brokerage Revenue (US$ Million) & (2018-2023)
5.7.5 Marsh & McLennan Recent Developments
5.8 Arthur J. Gallagher
5.8.1 Arthur J. Gallagher Profile
5.8.2 Arthur J. Gallagher Main Business
5.8.3 Arthur J. Gallagher Insurance Brokerage Products, Services and Solutions
5.8.4 Arthur J. Gallagher Insurance Brokerage Revenue (US$ Million) & (2018-2023)
5.8.5 Arthur J. Gallagher Recent Developments
5.9 Hub International
5.9.1 Hub International Profile
5.9.2 Hub International Main Business
5.9.3 Hub International Insurance Brokerage Products, Services and Solutions
5.9.4 Hub International Insurance Brokerage Revenue (US$ Million) & (2018-2023)
5.9.5 Hub International Recent Developments
5.10 Brown & Brown
5.10.1 Brown & Brown Profile
5.10.2 Brown & Brown Main Business
5.10.3 Brown & Brown Insurance Brokerage Products, Services and Solutions
5.10.4 Brown & Brown Insurance Brokerage Revenue (US$ Million) & (2018-2023)
5.10.5 Brown & Brown Recent Developments
6 North America
6.1 North America Insurance Brokerage Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Insurance Brokerage Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Insurance Brokerage Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Insurance Brokerage Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Insurance Brokerage Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Insurance Brokerage Market Dynamics
11.1 Insurance Brokerage Industry Trends
11.2 Insurance Brokerage Market Drivers
11.3 Insurance Brokerage Market Challenges
11.4 Insurance Brokerage Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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