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The insurance brokerage market is forecasted to grow by USD 100.3 billion during 2023-2028, accelerating at a CAGR of 7.62% during the forecast period.
The market is driven by increased demand for insurance policies, implementation of distinct valuation strategies, and increase in HNWIs globally. This study identifies the integration of IT and analytic solutions as one of the prime reasons driving the insurance brokerage market growth during the next few years. Also, growing number of mergers and acquisitions in insurance brokerage industry and emergence of digital marketing platform will lead to sizable demand in the market.
The report on the insurance brokerage market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
The insurance brokerage market is segmented as below:
By Type
- Non-life insurance
- Life insurance
By End-user
- Individuals
- Corporate
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
The report on the insurance brokerage market covers the following areas:
- Insurance brokerage market sizing
- Insurance brokerage market forecast
- Insurance brokerage market industry analysis
The report provides a detailed analysis of several leading insurance brokerage market vendors that include 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 and Brown Inc., Funk Group GmbH, Hellman and Friedman LLC, India Insure Risk Management & Insurance Broking Services Pvt. Lt, Lockton Companies, Mahindra and Mahindra Ltd., Marsh and McLennan Companies Inc., Navnit Insurance Broking Pvt. Ltd., NFP Corp., Regent Insurance Brokers Europe GmbH, Truist Financial Corp., USI Insurance Services, and Willis Towers Watson Public Ltd. Co.. Also, the insurance brokerage market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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 and Brown Inc.
- Funk Group GmbH
- Hellman and Friedman LLC
- India Insure Risk Management & Insurance Broking Services Pvt. Lt
- Lockton Companies
- Mahindra and Mahindra Ltd.
- Marsh and McLennan Companies Inc.
- Navnit Insurance Broking Pvt. Ltd.
- NFP Corp.
- Regent Insurance Brokers Europe GmbH
- Truist Financial Corp.
- USI Insurance Services
- Willis Towers Watson Public Ltd. Co.
