How big is the Insurance Brokerage market?

The insurance brokerage market size is estimated to grow at $$ 117.3 bn in 2025-2029. <a href='https://www.technavio.com/report/insurance-brokerage-market-industry-analysis'>Read More</a>

Which segment accounted for the largest Insurance Brokerage market share?

Market segmentation by type (Non-life insurance and Life insurance), end-user (Individuals, Corporate, APAC, South America, and MEA), and channel (Offline, Online, APAC, South America, and .... <a href='https://www.technavio.com/report/insurance-brokerage-market-industry-analysis'>Read More</a>

Who are the key players in the Insurance Brokerage market?

Acrisure LLC, Alliant Insurance Services Inc., AmWINS Group Inc., Aon plc, Arthur J. Gallagher and Co., Assured Partners Inc., Beacon Insurance Brokers Pvt. Ltd., Brown .... <a href='https://www.technavio.com/report/insurance-brokerage-market-industry-analysis'>Read More</a>

What are the factors driving the Insurance Brokerage market?

The key factors driving the insurance brokerage market growth are: Increased demand for insurance policies Integration of IT and analytic solutions .... <a href='https://www.technavio.com/report/insurance-brokerage-market-industry-analysis'>Read More</a>

Insurance Brokerage Market Analysis, Size, and Forecast 2025-2029: North America (US and Canada), Europe (France, Germany, Italy, UK), APAC (China, India, Japan), South America (Brazil), and Middle East and Africa

Published: Feb 2025
Pages: 227
SKU: IRTNTR40862

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Insurance Brokerage Market Size 2025-2029

The insurance brokerage market size is forecast to increase by USD 117.3 billion at a CAGR of 8.2% between 2024 and 2029.

The market is experiencing significant growth, driven primarily by the increasing demand for insurance policies in both personal and commercial sectors. This trend is fueled by various factors, including an expanding global population, rising disposable income, and heightened awareness of risk management. Furthermore, the integration of IT and analytic solutions in the insurance industry is revolutionizing the way insurance policies are underwritten, priced, and distributed. This technological advancement enables insurance brokers to offer more personalized and efficient services, enhancing customer experience and satisfaction. Another key trend shaping the market is the direct purchase of insurance policies by customers, which is becoming increasingly common due to the convenience and accessibility offered by digital platforms.
However, this trend also presents challenges for insurance brokers, as they must adapt to the changing market dynamics and find ways to differentiate their services to remain competitive. To capitalize on market opportunities and navigate challenges effectively, insurance brokers must focus on enhancing their digital capabilities, expanding their product offerings, and building strong relationships with customers. By staying abreast of industry trends and leveraging technology, insurance brokers can position themselves as trusted advisors and value-added partners to their clients.

What will be the Size of the Insurance Brokerage Market during the forecast period?

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1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Market Segmentation by Channel
- Executive Summary - Chart on Market Segmentation by Consumer
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Technavio Analysis

2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation

2.3 Factors of disruption
- Overview on factors of disruption

2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029

3 Market Landscape

3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market

3.2 Market characteristics
- Market characteristics analysis

3.3 Value chain analysis
- Value chain analysis

4 Market Sizing

4.1 Market definition
- Offerings of companies included in the market definition

4.2 Market segment analysis
- Market segments

4.3 Market size 2024

4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ billion)
- Data Table on Global - Market size and forecast 2024-2029 ($ billion)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)

5 Historic Market Size

5.1 Global Insurance Brokerage Market 2019 - 2023
- Historic Market Size - Data Table on Global Insurance Brokerage Market 2019 - 2023 ($ billion)

5.2 Type segment analysis 2019 - 2023
- Historic Market Size - Type Segment 2019 - 2023 ($ billion)

5.3 End-user segment analysis 2019 - 2023
- Historic Market Size - End-user Segment 2019 - 2023 ($ billion)

5.4 Channel segment analysis 2019 - 2023
- Historic Market Size - Channel Segment 2019 - 2023 ($ billion)

5.5 Consumer segment analysis 2019 - 2023
- Historic Market Size - Consumer Segment 2019 - 2023 ($ billion)

5.6 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ billion)

5.7 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ billion)

6 Qualitative Analysis

6.1 Impact of AI on Global Insurance Brokerage Market

7 Five Forces Analysis

7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029

7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029

7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029

7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029

7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029

7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029

7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029

8 Market Segmentation by Type

8.1 Market segments
- Chart on Type - Market share 2024-2029 (%)
- Data Table on Type - Market share 2024-2029 (%)

8.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type

8.3 Non-life insurance - Market size and forecast 2024-2029
- Chart on Non-life insurance - Market size and forecast 2024-2029 ($ billion)
- Data Table on Non-life insurance - Market size and forecast 2024-2029 ($ billion)
- Chart on Non-life insurance - Year-over-year growth 2024-2029 (%)
- Data Table on Non-life insurance - Year-over-year growth 2024-2029 (%)

8.4 Life insurance - Market size and forecast 2024-2029
- Chart on Life insurance - Market size and forecast 2024-2029 ($ billion)
- Data Table on Life insurance - Market size and forecast 2024-2029 ($ billion)
- Chart on Life insurance - Year-over-year growth 2024-2029 (%)
- Data Table on Life insurance - Year-over-year growth 2024-2029 (%)

8.5 Market opportunity by Type
- Market opportunity by Type ($ billion)
- Data Table on Market opportunity by Type ($ billion)

9 Market Segmentation by End-user

9.1 Market segments
- Chart on End-user - Market share 2024-2029 (%)
- Data Table on End-user - Market share 2024-2029 (%)

9.2 Comparison by End-user
- Chart on Comparison by End-user
- Data Table on Comparison by End-user

9.3 Individuals - Market size and forecast 2024-2029
- Chart on Individuals - Market size and forecast 2024-2029 ($ billion)
- Data Table on Individuals - Market size and forecast 2024-2029 ($ billion)
- Chart on Individuals - Year-over-year growth 2024-2029 (%)
- Data Table on Individuals - Year-over-year growth 2024-2029 (%)

9.4 Corporate - Market size and forecast 2024-2029
- Chart on Corporate - Market size and forecast 2024-2029 ($ billion)
- Data Table on Corporate - Market size and forecast 2024-2029 ($ billion)
- Chart on Corporate - Year-over-year growth 2024-2029 (%)
- Data Table on Corporate - Year-over-year growth 2024-2029 (%)

9.5 Market opportunity by End-user
- Market opportunity by End-user ($ billion)
- Data Table on Market opportunity by End-user ($ billion)

10 Market Segmentation by Channel

10.1 Market segments
- Chart on Channel - Market share 2024-2029 (%)
- Data Table on Channel - Market share 2024-2029 (%)

10.2 Comparison by Channel
- Chart on Comparison by Channel
- Data Table on Comparison by Channel

10.3 Offline - Market size and forecast 2024-2029
- Chart on Offline - Market size and forecast 2024-2029 ($ billion)
- Data Table on Offline - Market size and forecast 2024-2029 ($ billion)
- Chart on Offline - Year-over-year growth 2024-2029 (%)
- Data Table on Offline - Year-over-year growth 2024-2029 (%)

10.4 Online - Market size and forecast 2024-2029
- Chart on Online - Market size and forecast 2024-2029 ($ billion)
- Data Table on Online - Market size and forecast 2024-2029 ($ billion)
- Chart on Online - Year-over-year growth 2024-2029 (%)
- Data Table on Online - Year-over-year growth 2024-2029 (%)

10.5 Market opportunity by Channel
- Market opportunity by Channel ($ billion)
- Data Table on Market opportunity by Channel ($ billion)

11 Market Segmentation by Consumer

11.1 Market segments
- Chart on Consumer - Market share 2024-2029 (%)
- Data Table on Consumer - Market share 2024-2029 (%)

11.2 Comparison by Consumer
- Chart on Comparison by Consumer
- Data Table on Comparison by Consumer

11.3 Retail - Market size and forecast 2024-2029
- Chart on Retail - Market size and forecast 2024-2029 ($ billion)
- Data Table on Retail - Market size and forecast 2024-2029 ($ billion)
- Chart on Retail - Year-over-year growth 2024-2029 (%)
- Data Table on Retail - Year-over-year growth 2024-2029 (%)

11.4 Wholesale - Market size and forecast 2024-2029
- Chart on Wholesale - Market size and forecast 2024-2029 ($ billion)
- Data Table on Wholesale - Market size and forecast 2024-2029 ($ billion)
- Chart on Wholesale - Year-over-year growth 2024-2029 (%)
- Data Table on Wholesale - Year-over-year growth 2024-2029 (%)

11.5 Market opportunity by Consumer
- Market opportunity by Consumer ($ billion)
- Data Table on Market opportunity by Consumer ($ billion)

12 Customer Landscape

12.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

13 Geographic Landscape

13.1 Geographic segmentation
- Chart on Market share by geography 2024-2029 (%)
- Data Table on Market share by geography 2024-2029 (%)

13.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison

13.3 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ billion)
- Data Table on North America - Market size and forecast 2024-2029 ($ billion)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)

13.4 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ billion)
- Data Table on Europe - Market size and forecast 2024-2029 ($ billion)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)

13.5 APAC - Market size and forecast 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ billion)
- Data Table on APAC - Market size and forecast 2024-2029 ($ billion)
- Chart on APAC - Year-over-year growth 2024-2029 (%)
- Data Table on APAC - Year-over-year growth 2024-2029 (%)

13.6 South America - Market size and forecast 2024-2029
- Chart on South America - Market size and forecast 2024-2029 ($ billion)
- Data Table on South America - Market size and forecast 2024-2029 ($ billion)
- Chart on South America - Year-over-year growth 2024-2029 (%)
- Data Table on South America - Year-over-year growth 2024-2029 (%)

13.7 Middle East and Africa - Market size and forecast 2024-2029
- Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)

13.8 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ billion)
- Data Table on US - Market size and forecast 2024-2029 ($ billion)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)

13.9 UK - Market size and forecast 2024-2029
- Chart on UK - Market size and forecast 2024-2029 ($ billion)
- Data Table on UK - Market size and forecast 2024-2029 ($ billion)
- Chart on UK - Year-over-year growth 2024-2029 (%)
- Data Table on UK - Year-over-year growth 2024-2029 (%)

13.10 Canada - Market size and forecast 2024-2029
- Chart on Canada - Market size and forecast 2024-2029 ($ billion)
- Data Table on Canada - Market size and forecast 2024-2029 ($ billion)
- Chart on Canada - Year-over-year growth 2024-2029 (%)
- Data Table on Canada - Year-over-year growth 2024-2029 (%)

13.11 Japan - Market size and forecast 2024-2029
- Chart on Japan - Market size and forecast 2024-2029 ($ billion)
- Data Table on Japan - Market size and forecast 2024-2029 ($ billion)
- Chart on Japan - Year-over-year growth 2024-2029 (%)
- Data Table on Japan - Year-over-year growth 2024-2029 (%)

13.12 China - Market size and forecast 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ billion)
- Data Table on China - Market size and forecast 2024-2029 ($ billion)
- Chart on China - Year-over-year growth 2024-2029 (%)
- Data Table on China - Year-over-year growth 2024-2029 (%)

13.13 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ billion)
- Data Table on Germany - Market size and forecast 2024-2029 ($ billion)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)

13.14 France - Market size and forecast 2024-2029
- Chart on France - Market size and forecast 2024-2029 ($ billion)
- Data Table on France - Market size and forecast 2024-2029 ($ billion)
- Chart on France - Year-over-year growth 2024-2029 (%)
- Data Table on France - Year-over-year growth 2024-2029 (%)

13.15 India - Market size and forecast 2024-2029
- Chart on India - Market size and forecast 2024-2029 ($ billion)
- Data Table on India - Market size and forecast 2024-2029 ($ billion)
- Chart on India - Year-over-year growth 2024-2029 (%)
- Data Table on India - Year-over-year growth 2024-2029 (%)

13.16 Italy - Market size and forecast 2024-2029
- Chart on Italy - Market size and forecast 2024-2029 ($ billion)
- Data Table on Italy - Market size and forecast 2024-2029 ($ billion)
- Chart on Italy - Year-over-year growth 2024-2029 (%)
- Data Table on Italy - Year-over-year growth 2024-2029 (%)

13.17 Brazil - Market size and forecast 2024-2029
- Chart on Brazil - Market size and forecast 2024-2029 ($ billion)
- Data Table on Brazil - Market size and forecast 2024-2029 ($ billion)
- Chart on Brazil - Year-over-year growth 2024-2029 (%)
- Data Table on Brazil - Year-over-year growth 2024-2029 (%)

13.18 Market opportunity by geography
- Market opportunity by geography ($ billion)
- Data Tables on Market opportunity by geography ($ billion)

14 Drivers, Challenges, and Opportunity/Restraints

14.1 Market drivers

14.2 Market challenges

14.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029

14.4 Market opportunities/restraints

15 Competitive Landscape

15.1 Overview

15.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation

15.3 Landscape disruption
- Overview on factors of disruption

15.4 Industry risks
- Impact of key risks on business

16 Competitive Analysis

16.1 Companies profiled
- Companies covered

16.2 Market positioning of companies
- Matrix on companies position and classification

16.3 Acrisure LLC
- Acrisure LLC - Overview
- Acrisure LLC - Product / Service
- Acrisure LLC - Key offerings

16.4 Alliant Insurance Services Inc.
- Alliant Insurance Services Inc. - Overview
- Alliant Insurance Services Inc. - Product / Service
- Alliant Insurance Services Inc. - Key offerings

16.5 AmWINS Group Inc.
- AmWINS Group Inc. - Overview
- AmWINS Group Inc. - Product / Service
- AmWINS Group Inc. - Key offerings

16.6 Aon plc
- Aon plc - Overview
- Aon plc - Product / Service
- Aon plc - Key offerings

16.7 Arthur J. Gallagher and Co.
- Arthur J. Gallagher and Co. - Overview
- Arthur J. Gallagher and Co. - Product / Service
- Arthur J. Gallagher and Co. - Key offerings

16.8 Assured Partners Inc.
- Assured Partners Inc. - Overview
- Assured Partners Inc. - Product / Service
- Assured Partners Inc. - Key offerings

16.9 Beacon Insurance Brokers Pvt. Ltd.
- Beacon Insurance Brokers Pvt. Ltd. - Overview
- Beacon Insurance Brokers Pvt. Ltd. - Product / Service
- Beacon Insurance Brokers Pvt. Ltd. - Key offerings

16.10 Brown and Brown Inc.
- Brown and Brown Inc. - Overview
- Brown and Brown Inc. - Product / Service
- Brown and Brown Inc. - Key offerings

16.11 Funk Group GmbH
- Funk Group GmbH - Overview
- Funk Group GmbH - Product / Service
- Funk Group GmbH - Key offerings

16.12 HUB International Ltd.
- HUB International Ltd. - Overview
- HUB International Ltd. - Product / Service
- HUB International Ltd. - Key offerings

16.13 India Insure Risk Management and Insurance Broking Services Ltd.
- India Insure Risk Management and Insurance Broking Services Ltd. - Overview
- India Insure Risk Management and Insurance Broking Services Ltd. - Product / Service
- India Insure Risk Management and Insurance Broking Services Ltd. - Key offerings

16.14 Lockton Co.
- Lockton Co. - Overview
- Lockton Co. - Product / Service
- Lockton Co. - Key offerings

16.15 Howden Insurance Brokers
- Howden Insurance Brokers - Overview
- Howden Insurance Brokers - Product / Service
- Howden Insurance Brokers - Key offerings

16.16 Marsh and McLennan Co. Inc.
- Marsh and McLennan Co. Inc. - Overview
- Marsh and McLennan Co. Inc. - Product / Service
- Marsh and McLennan Co. Inc. - Key offerings

16.17 Navnit Insurance Broking Pvt. Ltd.
- Navnit Insurance Broking Pvt. Ltd. - Overview
- Navnit Insurance Broking Pvt. Ltd. - Product / Service
- Navnit Insurance Broking Pvt. Ltd. - Key offerings

16.18 NFP Corp.
- NFP Corp. - Overview
- NFP Corp. - Product / Service
- NFP Corp. - Key offerings

16.19 Regent Insurance Brokers Europe GmbH
- Regent Insurance Brokers Europe GmbH - Overview
- Regent Insurance Brokers Europe GmbH - Product / Service
- Regent Insurance Brokers Europe GmbH - Key offerings

16.20 Integro Insurance Brokers
- Integro Insurance Brokers - Overview
- Integro Insurance Brokers - Product / Service
- Integro Insurance Brokers - Key offerings

16.21 USI Insurance Services
- USI Insurance Services - Overview
- USI Insurance Services - Product / Service
- USI Insurance Services - Key offerings

16.22 Willis Towers Watson Public Ltd. Co.
- Willis Towers Watson Public Ltd. Co. - Overview
- Willis Towers Watson Public Ltd. Co. - Product / Service
- Willis Towers Watson Public Ltd. Co. - Key offerings

17 Appendix