The Insurance Brokers Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Insurance Brokers Market?
The global market report for insurance brokers has displayed a growth trend in the past few years. The market size increased from $119.37 billion in 2024 to $125.38 billion in 2025, showing a Compound Annual Growth Rate (CAGR) of 5.0%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Insurance Brokers Industry?
The Insurance Brokers Global Market Report projects that by 2029, the market size will be $151.24 billion, growing at a compound annual growth rate (CAGR) of 4.8%.
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What are the Key Growth Drivers Fueling the Insurance Brokers Market?
The key drivers in the insurance brokers market are:
• Rising incidence of chronic diseases and disabilities
• Expansion of the middle class in emerging markets
• Surge in mergers and acquisitions in the insurance sector
• Widespread adoption of technologies enabling insurance automation and digital distribution.
Global Market Segmentation: Identifying Major Insurance Brokers Industry Segments
The insurance brokers market covered in this report is segmented –
1) By Type: Life Insurance, General Insurance, Health Insurance, Other Types
2) By Mode: Offline, Online
3) By End User: Corporate, Individuals
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What are the Emerging Trends Shaping the Future of the Insurance Brokers Market?
The key trends in the insurance brokers market are:
• Insurance automation technologies are emerging as a significant trend.
• Adoption of insurance portals and digital distribution channels is increasingly trending for efficiency.
• The market is observing a rise in the entry of nontraditional firms.
• There is a growing trend of increasing mergers and acquisitions in the insurance brokers market.
Who Are the Top Competitors & Leading Players in the Insurance Brokers Market?
Major companies in the insurance brokers market are:
• Marsh & McLennan Cos Inc
• Aon PLC
• Arthur J Gallagher & Co
• Willis Towers Watson PLC
• Acrisure LLC
• Brown & Brown Inc.
• Truist Insurance Holdings Inc.
• USI Insurance Services LLC
• Lockton Companies Inc.
• HUB International Limited
• Beacon Insurance Brokers Pvt. Ltd.
• Urjita Insurance Brokers Pvt. Ltd.
• Mahindra Insurance Brokers Limited
• Efficient Insurance Brokers Pvt. Ltd.
• Vibhuti Insurance Brokers Pvt.Ltd.
• Unison Insurance Broking Services Pvt. Ltd.
• Uib Insurance Brokers (India) Private Limited
• Mga Insurance Brokers
• Mega Capital
• Roderick Insurance Brokers
• Unity Insurance Brokers
• Insurance Advisernet Australia
• Fanhua Inc.
• Chang'an Insurance Brokers Co., Ltd.
• Mintaian Insurance Surveyors & Loss Adjusters Group Co., Ltd
• Shenzhen Huakang Insurance Agency Co., Ltd.
• Jiangtai Insurance Broker Co. Ltd.
• Air Union Insurance Brokers Co. Ltd.
• Huatai Insurance Agency & Consultant Service Ltd
• Axa France Vie
• Icare Insurance Brokers
• Western Europe
• Lloyd's Of London Limited
• Aon Holding Deutschland Gmbh
• Funk Gruppe Gmbh
• Ecclesia Holding Gmbh
• Allianz Global
• Crédit Agricole Assurances
• Cnp Assurance
• Société Générale
• Bnp Paribas Cardif
• Mai Insurance Brokers Poland Sp. Z O.O.
• Howden Insurance Brokers Nederland B.V
• Meijers Assurantiën B.V
• Aon Nederland
• International Insurance Brokers S.R.O.
• Cbiz, Inc.
• Canadian Insurance Brokers Inc.
• Aligned Insurance Inc.
• Novamar Insurance
• Jah Insurance Brokers Corp
• Thb Mexico, Intermediario De Reaseguro, S.A. De C.V.
• Alliant Insurance Services, Inc
• Nfp Corp
• Assured Partners Inc
• Ttms Argentina S.A
• 123seguro
• Insur Insurance Company S.A.
• Src Brokers
• Uai Brazil Insurance Broker
• Alc Corretora De Seguros
• Aon Brasil
• São Paulo
• Ez Towers
• Middle East
• Bupa Arabia For Cooperative Insurance
• Abu Dhabi Insurance Brokers L.L.C
• Nexus Insurance Brokers Llc
• Wehbe Insurance Services Llc
• New Shield Insurance Brokers Llc
• Gulf Oasis Insurance Brokers Llc
• Earnest Insurance Brokers Llc
• Al Noor Insurance Broker
• Arab Orient Insurance Brokers
• Lusail Insurance Brokers
• Insurance Brokers of Nigeria (Ibn)
• Northlink Insurance Brokers
• Carrier Insurance Brokers
• Glanvills Enthoven
• Union Commercial Insurance Brokers
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the insurance brokers market in 2024
