Insurance Brokerage Market Size, Share, and Trends 2025 to 2034

The global insurance brokerage market is on track to expand from USD 314 billion in 2024 to nearly USD 758 billion by 2034, advancing at a CAGR of 9.21%. Rising consumer awareness, digital platforms, and the demand for customized insurance plans are fueling growth, with North America leading today and Asia Pacific emerging as the fastest-growing region.

Last Updated : August 2025  |  Report Code : 5199  |  Category : ICT  |  Format : PDF / PPT / Excel

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID-19 Impact on Insurance Brokerage Market 

5.1. COVID-19 Landscape: Insurance Brokerage Industry Impact

5.2. COVID-19  Impact Assessment for the Industry

5.3. COVID-19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Insurance Brokerage Market, By Insurance

8.1. Insurance Brokerage Market, by Insurance

8.1.1 Life Insurance

8.1.1.1. Market Revenue and Forecast

8.1.2. Property & Casualty Insurance

8.1.2.1. Market Revenue and Forecast

Chapter 9. Global Insurance Brokerage Market, By Brokerage

9.1. Insurance Brokerage Market, by Brokerage

9.1.1. Retail

9.1.1.1. Market Revenue and Forecast

9.1.2. Wholesale

9.1.2.1. Market Revenue and Forecast

Chapter 10. Global Insurance Brokerage Market, By End Use

10.1. Insurance Brokerage Market, by End Use

10.1.1. Individual

10.1.1.1. Market Revenue and Forecast

10.1.2. Corporate

10.1.2.1. Market Revenue and Forecast

Chapter 11. Global Insurance Brokerage Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Insurance

11.1.2. Market Revenue and Forecast, by Brokerage

11.1.3. Market Revenue and Forecast, by End Use

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Insurance

11.1.4.2. Market Revenue and Forecast, by Brokerage

11.1.4.3. Market Revenue and Forecast, by End Use

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Insurance

11.1.5.2. Market Revenue and Forecast, by Brokerage

11.1.5.3. Market Revenue and Forecast, by End Use

11.2. Europe

11.2.1. Market Revenue and Forecast, by Insurance

11.2.2. Market Revenue and Forecast, by Brokerage

11.2.3. Market Revenue and Forecast, by End Use

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Insurance

11.2.4.2. Market Revenue and Forecast, by Brokerage

11.2.4.3. Market Revenue and Forecast, by End Use

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Insurance

11.2.5.2. Market Revenue and Forecast, by Brokerage

11.2.5.3. Market Revenue and Forecast, by End Use

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Insurance

11.2.6.2. Market Revenue and Forecast, by Brokerage

11.2.6.3. Market Revenue and Forecast, by End Use

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Insurance

11.2.7.2. Market Revenue and Forecast, by Brokerage

11.2.7.3. Market Revenue and Forecast, by End Use

11.3. APAC

11.3.1. Market Revenue and Forecast, by Insurance

11.3.2. Market Revenue and Forecast, by Brokerage

11.3.3. Market Revenue and Forecast, by End Use

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Insurance

11.3.4.2. Market Revenue and Forecast, by Brokerage

11.3.4.3. Market Revenue and Forecast, by End Use

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Insurance

11.3.5.2. Market Revenue and Forecast, by Brokerage

11.3.5.3. Market Revenue and Forecast, by End Use

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Insurance

11.3.6.2. Market Revenue and Forecast, by Brokerage

11.3.6.3. Market Revenue and Forecast, by End Use

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Insurance

11.3.7.2. Market Revenue and Forecast, by Brokerage

11.3.7.3. Market Revenue and Forecast, by End Use

11.4. MEA

11.4.1. Market Revenue and Forecast, by Insurance

11.4.2. Market Revenue and Forecast, by Brokerage

11.4.3. Market Revenue and Forecast, by End Use

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Insurance

11.4.4.2. Market Revenue and Forecast, by Brokerage

11.4.4.3. Market Revenue and Forecast, by End Use

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Insurance

11.4.5.2. Market Revenue and Forecast, by Brokerage

11.4.5.3. Market Revenue and Forecast, by End Use

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Insurance

11.4.6.2. Market Revenue and Forecast, by Brokerage

11.4.6.3. Market Revenue and Forecast, by End Use

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Insurance

11.4.7.2. Market Revenue and Forecast, by Brokerage

11.4.7.3. Market Revenue and Forecast, by End Use

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Insurance

11.5.2. Market Revenue and Forecast, by Brokerage

11.5.3. Market Revenue and Forecast, by End Use

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Insurance

11.5.4.2. Market Revenue and Forecast, by Brokerage

11.5.4.3. Market Revenue and Forecast, by End Use

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Insurance

11.5.5.2. Market Revenue and Forecast, by Brokerage

11.5.5.3. Market Revenue and Forecast, by End Use

Chapter 12. Company Profiles

12.1. Marsh & McLennan Companies, Inc.

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Aon plc

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Willis Towers Watson

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Arthur J. Gallagher & Co.

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Brown & Brown, Inc.

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Lockton Companies

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Alliant Insurance Services

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. HUB International Limited

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Edgewood Partners Insurance Center (EPIC)

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. USI Insurance Services

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

For questions or customization requests, please reach out to us at sales@precedenceresearch.com

Frequently Asked Questions

The global insurance brokerage market size is expected to grow from USD 314.00 billion in 2024 to USD 757.80 billion by 2034.

The insurance brokerage market is anticipated to grow at a CAGR of 9.21% between 2025 and 2034.

The major players operating in the insurance brokerage market are Marsh & McLennan Companies, Inc., Aon plc, Willis Towers Watson, Arthur J. Gallagher & Co., Brown & Brown, Inc., Lockton Companies, Alliant Insurance Services, HUB International Limited, Edgewood Partners Insurance Center (EPIC), USI Insurance Services, and Others.

The driving factors of the insurance brokerage market are the increase in demand for insurance policies and also requirements for compulsory motor insurance play their part in this direction.

North America region will lead the global insurance brokerage market during the forecast period 2025 to 2034.

Ask For Sample

No cookie-cutter, only authentic analysis – take the 1st step to become a Precedence Research client