Global Insurance Brokerage Market Size & Outlook, 2024-2030
Global insurance brokerage market, 2018-2030 (US$M)
Global insurance brokerage market highlights
- The global insurance brokerage market generated a revenue of USD 287,404.6 million in 2023 and is expected to reach USD 524,797.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 9% by 2030.
- In terms of segment, life insurance accounted for a revenue of USD 287,404.6 million in 2023.
- Life Insurance is the most lucrative insurance segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 287,404.6 million |
| Market revenue in 2030 | USD 524,797.1 million |
| Growth rate | 9% (CAGR from 2023 to 2030) |
| Largest segment | Life insurance |
| Fastest growing segment | Life Insurance |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Life Insurance |
Other key industry trends
- In terms of revenue, the North America accounted for 30.5% of the global insurance brokerage market in 2023.
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Insurance Brokerage Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Edgewood Partners Insurance Center | View profile | 1001-5000 | San Francisco, California, United States, North America | http://www.edgewoodins.com |
| Cline Wood, a Marsh & McLennan Agency LLC company | View profile | 101-250 | Leawood, Kansas, United States, North America | http://clinewood.com |
| Gallagher | View profile | 10001+ | Rolling Meadows, Illinois, United States, North America | http://www.ajg.com |
| Brown & Brown Insurance Services of California | View profile | 101-250 | Anaheim, California, United States, North America | https://www.bbrown.com/us/ |
| Lockton | View profile | 5001-10000 | Kansas City, Missouri, United States, North America | https://www.lockton.com/offices/uk |
| HUB International | View profile | 10001+ | Chicago, Illinois, United States, North America | https://www.hubinternational.com |
| Alliant Insurance Services | View profile | 1001-5000 | Newport Beach, California, United States, North America | https://alliant.com |
| Aon PLC Class A | View profile | 50000 | James Joyce Street, Metropolitan Building, Dublin 1, Ireland, D01 K0Y8 | https://www.aon.com |
| Willis Towers Watson PLC | View profile | 48000 | C/o Willis Group Ltd, 51 Lime Street, London, United Kingdom, EC3M 7DQ | https://www.willistowerswatson.com |
| USI Insurance Services | View profile | 10001+ | Valhalla, New York, United States, North America | https://www.usi.com/ |
Global insurance brokerage market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to insurance brokerage market will help companies and investors design strategic landscapes.
Life insurance was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Global insurance brokerage market based on life insurance covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Insurance Brokerage Insurance Outlook (Revenue, USD Million, 2018-2030)
- Life Insurance
- Property & Casualty Insurance
- Global Insurance Brokerage Brokerage Outlook (Revenue, USD Million, 2018-2030)
- Wholesale
- Retail
- Global Insurance Brokerage End Use Outlook (Revenue, USD Million, 2018-2030)
- Individual
- Corporate
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Horizon Databook provides a detailed overview of global-level data and insights on the Global insurance brokerage market , including forecasts for subscribers. This global databook contains high-level insights into Global insurance brokerage market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global insurance brokerage market size, by regions, 2018-2030 (US$M)
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