Global Insurance Brokers industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- An insurance broker refers to an individual or corporate firm selling insurance policies. An insurance broker represents the insurance policy holder with the insurance transactions, unlike an insurance agent, who represents the insurance company. The insurance broker also acts as an advisor to the insurance policy holder on which insurance policy suits him the best. Market value is calculated by multiplying the insurance broker's share by the total insurance premium in the relevant market segment.
- The global insurance brokers sector recorded revenues of $1.99 trillion in 2024, representing a compound annual growth rate (CAGR) of 7.2% between 2019 and 2024.
- The life insurance and pension segment accounted for the sector's largest proportion in 2024, with total revenues of $1.01 trillion, equivalent to 51.1% of the sector's overall value.
- In 2024, North America held the largest share of the global insurance brokers sector at 74.3%, followed by Europe at 17.0%, Asia-Pacific at 6.2%, the Middle East & Africa at 1.9%, and South America at 0.5%.
Report Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance brokers market in the global
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global insurance brokers market
- Leading company profiles reveal details of key insurance brokers market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Global insurance brokers market with five year forecasts by both value and volume
Reasons to Buy
- What was the size of the Global insurance brokers market by value in 2024?
- What will be the size of the Global insurance brokers market in 2029?
- What factors are affecting the strength of competition in the Global insurance brokers market?
- How has the market performed over the last five years?
- Who are the top competitors in the global's insurance brokers market?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Marsh & McLennan Companies Inc
- Aon Plc
- Willis Towers Watson PLC
- Arthur J. Gallagher & Co
