Global Insurance Brokerage Market Size, Share, Growth Analysis Report - Forecast 2034
Insurance Brokerage Market By Insurance Type (Life Insurance, Health Insurance, Property & Casualty Insurance, Travel Insurance, Auto Insurance, Others), By Brokerage Type (Retail Brokerage, Wholesale Brokerage), By End-user (Individuals, Small & Medium Enterprises, Large Enterprises, Government), By Distribution Channel (Online, Offline), and By Region: Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 - 2034
Category: Technology & Media Report Format : PDF
Pages: 187 Report Code: ZMR-5563
Published Date: Jun-2025 Status : Published
| Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 314.53 Billion | USD 758.37 Billion | 9.2% | 2024 |
Table Of Content
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Insurance Brokerage Market, (2022 - 2030) (USD Billion)
- 2.2 Global Insurance Brokerage Market : snapshot
- Chapter 3. Global Insurance Brokerage Market - Industry Analysis
- 3.1 Insurance Brokerage Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Growing uncertainties in terms of financial loss to restrict market expansion
- 3.3 Market Restraints
- 3.3.1. Partial reliance on insurance agents to restrict market expansion
- 3.4 Market Opportunities
- 3.4.1. Growing demand for vehicle insurance to provide growth opportunities
- 3.5 Market Challenges
- 3.5.1. Direct purchasing by consumers to act as a major challenge
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Mode
- 3.7.2 Market attractiveness analysis By Type
- 3.7.3 Market attractiveness analysis By End-User
- Chapter 4. Global Insurance Brokerage Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Insurance Brokerage Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Insurance Brokerage Market - Mode Analysis
- 5.1 Global Insurance Brokerage Market overview: By Mode
- 5.1.1 Global Insurance Brokerage Market share, By Mode, 2021 and 2030
- 5.2 Online
- 5.2.1 Global Insurance Brokerage Market by Online, 2022 - 2030 (USD Billion)
- 5.3 Offline
- 5.3.1 Global Insurance Brokerage Market by Offline, 2022 - 2030 (USD Billion)
- 5.1 Global Insurance Brokerage Market overview: By Mode
- Chapter 6. Global Insurance Brokerage Market - Type Analysis
- 6.1 Global Insurance Brokerage Market overview: By Type
- 6.1.1 Global Insurance Brokerage Market share, By Type, 2021 and 2030
- 6.2 General Insurance
- 6.2.1 Global Insurance Brokerage Market by General Insurance, 2022 - 2030 (USD Billion)
- 6.3 Life Insurance
- 6.3.1 Global Insurance Brokerage Market by Life Insurance, 2022 - 2030 (USD Billion)
- 6.4 Health Insurance
- 6.4.1 Global Insurance Brokerage Market by Health Insurance, 2022 - 2030 (USD Billion)
- 6.1 Global Insurance Brokerage Market overview: By Type
- Chapter 7. Global Insurance Brokerage Market - End-User Analysis
- 7.1 Global Insurance Brokerage Market overview: By End-User
- 7.1.1 Global Insurance Brokerage Market share, By End-User, 2021 and 2030
- 7.2 Individuals
- 7.2.1 Global Insurance Brokerage Market by Individuals, 2022 - 2030 (USD Billion)
- 7.3 Corporate
- 7.3.1 Global Insurance Brokerage Market by Corporate, 2022 - 2030 (USD Billion)
- 7.1 Global Insurance Brokerage Market overview: By End-User
- Chapter 8. Insurance Brokerage Market - Regional Analysis
- 8.1 Global Insurance Brokerage Market Regional Overview
- 8.2 Global Insurance Brokerage Market Share, by Region, 2021 & 2030 (USD Billion)
- 8.3. North America
- 8.3.1 North America Insurance Brokerage Market, 2022 - 2030 (USD Billion)
- 8.3.1.1 North America Insurance Brokerage Market, by Country, 2022 - 2030 (USD Billion)
- 8.3.1 North America Insurance Brokerage Market, 2022 - 2030 (USD Billion)
- 8.4 North America Insurance Brokerage Market, by Mode, 2022 - 2030
- 8.4.1 North America Insurance Brokerage Market, by Mode, 2022 - 2030 (USD Billion)
- 8.5 North America Insurance Brokerage Market, by Type, 2022 - 2030
- 8.5.1 North America Insurance Brokerage Market, by Type, 2022 - 2030 (USD Billion)
- 8.6 North America Insurance Brokerage Market, by End-User, 2022 - 2030
- 8.6.1 North America Insurance Brokerage Market, by End-User, 2022 - 2030 (USD Billion)
- 8.4. Europe
- 8.4.2 Europe Insurance Brokerage Market, 2022 - 2030 (USD Billion)
- 8.4.2.1 Europe Insurance Brokerage Market, by Country, 2022 - 2030 (USD Billion)
- 8.4.2 Europe Insurance Brokerage Market, 2022 - 2030 (USD Billion)
- 8.4 Europe Insurance Brokerage Market, by Mode, 2022 - 2030
- 8.4.1 Europe Insurance Brokerage Market, by Mode, 2022 - 2030 (USD Billion)
- 8.5 Europe Insurance Brokerage Market, by Type, 2022 - 2030
- 8.5.1 Europe Insurance Brokerage Market, by Type, 2022 - 2030 (USD Billion)
- 8.6 Europe Insurance Brokerage Market, by End-User, 2022 - 2030
- 8.6.1 Europe Insurance Brokerage Market, by End-User, 2022 - 2030 (USD Billion)
- 8.5. Asia Pacific
- 8.5.3 Asia Pacific Insurance Brokerage Market, 2022 - 2030 (USD Billion)
- 8.5.3.1 Asia Pacific Insurance Brokerage Market, by Country, 2022 - 2030 (USD Billion)
- 8.5.3 Asia Pacific Insurance Brokerage Market, 2022 - 2030 (USD Billion)
- 8.4 Asia Pacific Insurance Brokerage Market, by Mode, 2022 - 2030
- 8.4.1 Asia Pacific Insurance Brokerage Market, by Mode, 2022 - 2030 (USD Billion)
- 8.5 Asia Pacific Insurance Brokerage Market, by Type, 2022 - 2030
- 8.5.1 Asia Pacific Insurance Brokerage Market, by Type, 2022 - 2030 (USD Billion)
- 8.6 Asia Pacific Insurance Brokerage Market, by End-User, 2022 - 2030
- 8.6.1 Asia Pacific Insurance Brokerage Market, by End-User, 2022 - 2030 (USD Billion)
- 8.6. Latin America
- 8.6.4 Latin America Insurance Brokerage Market, 2022 - 2030 (USD Billion)
- 8.6.4.1 Latin America Insurance Brokerage Market, by Country, 2022 - 2030 (USD Billion)
- 8.6.4 Latin America Insurance Brokerage Market, 2022 - 2030 (USD Billion)
- 8.4 Latin America Insurance Brokerage Market, by Mode, 2022 - 2030
- 8.4.1 Latin America Insurance Brokerage Market, by Mode, 2022 - 2030 (USD Billion)
- 8.5 Latin America Insurance Brokerage Market, by Type, 2022 - 2030
- 8.5.1 Latin America Insurance Brokerage Market, by Type, 2022 - 2030 (USD Billion)
- 8.6 Latin America Insurance Brokerage Market, by End-User, 2022 - 2030
- 8.6.1 Latin America Insurance Brokerage Market, by End-User, 2022 - 2030 (USD Billion)
- 8.7. The Middle-East and Africa
- 8.7.5 The Middle-East and Africa Insurance Brokerage Market, 2022 - 2030 (USD Billion)
- 8.7.5.1 The Middle-East and Africa Insurance Brokerage Market, by Country, 2022 - 2030 (USD Billion)
- 8.7.5 The Middle-East and Africa Insurance Brokerage Market, 2022 - 2030 (USD Billion)
- 8.4 The Middle-East and Africa Insurance Brokerage Market, by Mode, 2022 - 2030
- 8.4.1 The Middle-East and Africa Insurance Brokerage Market, by Mode, 2022 - 2030 (USD Billion)
- 8.5 The Middle-East and Africa Insurance Brokerage Market, by Type, 2022 - 2030
- 8.5.1 The Middle-East and Africa Insurance Brokerage Market, by Type, 2022 - 2030 (USD Billion)
- 8.6 The Middle-East and Africa Insurance Brokerage Market, by End-User, 2022 - 2030
- 8.6.1 The Middle-East and Africa Insurance Brokerage Market, by End-User, 2022 - 2030 (USD Billion)
- Chapter 9. Company Profiles
- 9.1 Marsh and McLennan Companies Inc.
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 Alliant Insurance Services Inc.
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 HUB International Ltd.
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 Navnit Insurance Broking Pvt. Ltd.
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 Mahindra Insurance Brokers Ltd.
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 Truist Financial Corp.
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.1 Marsh and McLennan Companies Inc.
Table Of Figures
- 1. Market research Type
- 2. Market research methodology
- 3. Global Insurance Brokerage Market, 2022 - 2030 (USD Billion)
- 4. Porter’s Five Forces Analysis
- 5. Global Insurance Brokerage Market attractiveness, By Mode
- 6. Global Insurance Brokerage Market attractiveness, By Type
- 7. Global Insurance Brokerage Market attractiveness, By End-User
- 8. Global Insurance Brokerage Market share by Mode, 2022 and 2030 (USD Billion)
- 9. Global Insurance Brokerage Market by Online, 2022 - 2030 (USD Billion)
- 10. Global Insurance Brokerage Market by Offline, 2022 - 2030 (USD Billion)
- 11. Global Insurance Brokerage Market share by Type, 2022 and 2030 (USD Billion)
- 12. Global Insurance Brokerage Market by General Insurance, 2022 - 2030 (USD Billion)
- 13. Global Insurance Brokerage Market by Life Insurance, 2022 - 2030 (USD Billion)
- 14. Global Insurance Brokerage Market by Health Insurance, 2022 - 2030 (USD Billion)
- 15. Global Insurance Brokerage Market share by End-User, 2022 and 2030 (USD Billion)
- 16. Global Insurance Brokerage Market by Individuals, 2022 - 2030 (USD Billion)
- 17. Global Insurance Brokerage Market by Corporate, 2022 - 2030 (USD Billion)
- 18. Global Insurance Brokerage Market share, by Region, 2022 and 2030
- 19. North America Insurance Brokerage Market, 2022 - 2030 (USD Billion)
- 20. Europe Insurance Brokerage Market, 2022 - 2030 (USD Billion)
- 21. Asia Pacific Insurance Brokerage Market, 2022 - 2030 (USD Billion)
- 22. Latin America Insurance Brokerage Market, 2022 - 2030 (USD Billion)
- 23. The Middle-East and Africa Insurance Brokerage Market, 2022 - 2030 (USD Billion)
Table Of Tables
- 1. Global Insurance Brokerage Market: Snapshot
- 2. Drivers of the Insurance Brokerage Market: impact analysis
- 3. North America Insurance Brokerage Market revenue, By Mode, 2022 - 2030 (USD Billion)
- 4. North America Insurance Brokerage Market revenue, By Type, 2022 - 2030 (USD Billion)
- 5. North America Insurance Brokerage Market revenue, By End-User, 2022 - 2030 (USD Billion)
- 6. U.S. Insurance Brokerage Market revenue, By Mode, 2022 - 2030 (USD Billion)
- 7. U.S. Insurance Brokerage Market revenue, By Type, 2022 - 2030 (USD Billion)
- 8. U.S. Insurance Brokerage Market revenue, By End-User, 2022 - 2030 (USD Billion)
- 9. Canada Insurance Brokerage Market revenue, By Mode, 2022 - 2030 (USD Billion)
- 10. Canada Insurance Brokerage Market revenue, By Type, 2022 - 2030 (USD Billion)
- 11. Canada Insurance Brokerage Market revenue, By End-User, 2022 - 2030 (USD Billion)
- 12. Europe Insurance Brokerage Market revenue, By Mode, 2022 - 2030 (USD Billion)
- 13. Europe Insurance Brokerage Market revenue, By Type, 2022 - 2030 (USD Billion)
- 14. Europe Insurance Brokerage Market revenue, By End-User, 2022 - 2030 (USD Billion)
- 15. Germany Insurance Brokerage Market revenue, By Mode, 2022 - 2030 (USD Billion)
- 16. Germany Insurance Brokerage Market revenue, By Type, 2022 - 2030 (USD Billion)
- 17. Germany Insurance Brokerage Market revenue, By End-User, 2022 - 2030 (USD Billion)
- 18. France Insurance Brokerage Market revenue, By Mode, 2022 - 2030 (USD Billion)
- 19. France Insurance Brokerage Market revenue, By Type, 2022 - 2030 (USD Billion)
- 20. France Insurance Brokerage Market revenue, By End-User, 2022 - 2030 (USD Billion)
- 21. U.K. Insurance Brokerage Market revenue, By Mode, 2022 - 2030 (USD Billion)
- 22. U.K. Insurance Brokerage Market revenue, By Type, 2022 - 2030 (USD Billion)
- 23. U.K. Insurance Brokerage Market revenue, By End-User, 2022 - 2030 (USD Billion)
- 24. Italy Insurance Brokerage Market revenue, By Mode, 2022 - 2030 (USD Billion)
- 25. Italy Insurance Brokerage Market revenue, By Type, 2022 - 2030 (USD Billion)
- 26. Italy Insurance Brokerage Market revenue, By End-User, 2022 - 2030 (USD Billion)
- 27. Spain Insurance Brokerage Market revenue, By Mode, 2022 - 2030 (USD Billion)
- 28. Spain Insurance Brokerage Market revenue, By Type, 2022 - 2030 (USD Billion)
- 29. Spain Insurance Brokerage Market revenue, By End-User, 2022 - 2030 (USD Billion)
- 30. Rest of Europe Insurance Brokerage Market revenue, By Mode, 2022 - 2030 (USD Billion)
- 31. Rest of Europe Insurance Brokerage Market revenue, By Type, 2022 - 2030 (USD Billion)
- 32. Rest of Europe Insurance Brokerage Market revenue, By End-User, 2022 - 2030 (USD Billion)
- 33. Asia Pacific Insurance Brokerage Market revenue, By Mode, 2022 - 2030 (USD Billion)
- 34. Asia Pacific Insurance Brokerage Market revenue, By Type, 2022 - 2030 (USD Billion)
- 35. Asia Pacific Insurance Brokerage Market revenue, By End-User, 2022 - 2030 (USD Billion)
- 36. China Insurance Brokerage Market revenue, By Mode, 2022 - 2030 (USD Billion)
- 37. China Insurance Brokerage Market revenue, By Type, 2022 - 2030 (USD Billion)
- 38. China Insurance Brokerage Market revenue, By End-User, 2022 - 2030 (USD Billion)
- 39. Japan Insurance Brokerage Market revenue, By Mode, 2022 - 2030 (USD Billion)
- 40. Japan Insurance Brokerage Market revenue, By Type, 2022 - 2030 (USD Billion)
- 41. Japan Insurance Brokerage Market revenue, By End-User, 2022 - 2030 (USD Billion)
- 42. India Insurance Brokerage Market revenue, By Mode, 2022 - 2030 (USD Billion)
- 43. India Insurance Brokerage Market revenue, By Type, 2022 - 2030 (USD Billion)
- 44. India Insurance Brokerage Market revenue, By End-User, 2022 - 2030 (USD Billion)
- 45. South Korea Insurance Brokerage Market revenue, By Mode, 2022 - 2030 (USD Billion)
- 46. South Korea Insurance Brokerage Market revenue, By Type, 2022 - 2030 (USD Billion)
- 47. South Korea Insurance Brokerage Market revenue, By End-User, 2022 - 2030 (USD Billion)
- 48. South-East Asia Insurance Brokerage Market revenue, By Mode, 2022 - 2030 (USD Billion)
- 49. South-East Asia Insurance Brokerage Market revenue, By Type, 2022 - 2030 (USD Billion)
- 50. South-East Asia Insurance Brokerage Market revenue, By End-User, 2022 - 2030 (USD Billion)
- 51. Rest of Asia Pacific Insurance Brokerage Market revenue, By Mode, 2022 - 2030 (USD Billion)
- 52. Rest of Asia Pacific Insurance Brokerage Market revenue, By Type, 2022 - 2030 (USD Billion)
- 53. Rest of Asia Pacific Insurance Brokerage Market revenue, By End-User, 2022 - 2030 (USD Billion)
- 54. Latin America Insurance Brokerage Market revenue, By Mode, 2022 - 2030 (USD Billion)
- 55. Latin America Insurance Brokerage Market revenue, By Type, 2022 - 2030 (USD Billion)
- 56. Latin America Insurance Brokerage Market revenue, By End-User, 2022 - 2030 (USD Billion)
- 57. Brazil Insurance Brokerage Market revenue, By Mode, 2022 - 2030 (USD Billion)
- 58. Brazil Insurance Brokerage Market revenue, By Type, 2022 - 2030 (USD Billion)
- 59. Brazil Insurance Brokerage Market revenue, By End-User, 2022 - 2030 (USD Billion)
- 60. Mexico Insurance Brokerage Market revenue, By Mode, 2022 - 2030 (USD Billion)
- 61. Mexico Insurance Brokerage Market revenue, By Type, 2022 - 2030 (USD Billion)
- 62. Mexico Insurance Brokerage Market revenue, By End-User, 2022 - 2030 (USD Billion)
- 63. Rest of Latin America Insurance Brokerage Market revenue, By Mode, 2022 - 2030 (USD Billion)
- 64. Rest of Latin America Insurance Brokerage Market revenue, By Type, 2022 - 2030 (USD Billion)
- 65. Rest of Latin America Insurance Brokerage Market revenue, By End-User, 2022 - 2030 (USD Billion)
- 66. The Middle-East and Africa Insurance Brokerage Market revenue, By Mode, 2022 - 2030 (USD Billion)
- 67. The Middle-East and Africa Insurance Brokerage Market revenue, By Type, 2022 - 2030 (USD Billion)
- 68. The Middle-East and Africa Insurance Brokerage Market revenue, By End-User, 2022 - 2030 (USD Billion)
- 69. GCC Countries Insurance Brokerage Market revenue, By Mode, 2022 - 2030 (USD Billion)
- 70. GCC Countries Insurance Brokerage Market revenue, By Type, 2022 - 2030 (USD Billion)
- 71. GCC Countries Insurance Brokerage Market revenue, By End-User, 2022 - 2030 (USD Billion)
- 72. South Africa Insurance Brokerage Market revenue, By Mode, 2022 - 2030 (USD Billion)
- 73. South Africa Insurance Brokerage Market revenue, By Type, 2022 - 2030 (USD Billion)
- 74. South Africa Insurance Brokerage Market revenue, By End-User, 2022 - 2030 (USD Billion)
- 75. Rest of Middle-East Africa Insurance Brokerage Market revenue, By Mode, 2022 - 2030 (USD Billion)
- 76. Rest of Middle-East Africa Insurance Brokerage Market revenue, By Type, 2022 - 2030 (USD Billion)
- 77. Rest of Middle-East Africa Insurance Brokerage Market revenue, By End-User, 2022 - 2030 (USD Billion)
Methodology
FrequentlyAsked Questions
Insurance brokerage refers to the business of providing independent advice and related services to people in terms of insurance schemes available and their benefits. Insurance is a measure by which people can protect their financial interests, especially losses. Insurance brokerage involves two parties in which one provides the other with a nominal and regular fee in return for an agreement that the other party will compensate monetarily in case of certain events, loss of life, or health conditions. The process is conducted with the aid of an insurance broker who acts as an intermediary between the company and the client. Insurance brokers differ from insurance agents in the sense that the former acts on behalf of the client as they hold negotiations with multiple insurance-based companies whereas the latter acts as a salesperson on behalf of the company.
The global insurance brokerage market is expected to grow due to rising demand for personalized insurance solutions, growing complexity of insurance products, and digital transformation enabling efficient policy comparison and sales.
According to a study, the global insurance brokerage market size was worth around USD 314.53 Billion in 2024 and is expected to reach USD 758.37 Billion by 2034.
The global insurance brokerage market is expected to grow at a CAGR of 9.2% during the forecast period.
North America is expected to dominate the insurance brokerage market over the forecast period.
Leading players in the global insurance brokerage market include Marsh and McLennan Companies Inc., Alliant Insurance Services Inc., HUB International Ltd., Navnit Insurance Broking Pvt. Ltd., Mahindra Insurance Brokers Ltd., and Truist Financial Corp., among others.
The report explores crucial aspects of the insurance brokerage market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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