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Insurance Brokerage Market in Europe 2024-2028

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    Report

  • 139 Pages
  • December 2024
  • Region: Europe
  • TechNavio
  • ID: 5547433
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The insurance brokerage market in europe is forecasted to grow by USD 9.8 billion during 2023-2028, accelerating at a CAGR of 6.8% during the forecast period. The report on the insurance brokerage market in europe 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 market is driven by increased demand for insurance policies, increase in hnwis, and implementation of distinct valuation strategies.

The insurance brokerage market in europe is segmented as below:

By Type

  • Retail
  • Wholesale

By Geographical Landscape

  • Europe
This study identifies the integration of it and analytic solutions as one of the prime reasons driving the insurance brokerage market in europe growth during the next few years. Also, increased number of campaigns organized by vendors and advent of digital marketing platform will lead to sizable demand in the market.

The report on the insurance brokerage market in europe covers the following areas:

  • Insurance Brokerage Market in Europe sizing
  • Insurance Brokerage Market in Europe forecast
  • Insurance Brokerage Market in Europe industry analysis
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading insurance brokerage market in europe vendors that include Acrisure LLC, AmWINS Group Inc., Aon plc, Arthur J. Gallagher and Co., Assured Partners Inc., Blythin and Brown Ltd., Brown and Brown Inc., Foa and Son Corp., Funk Group GmbH, HUB International Ltd., Lloyds and Corp., Lockton Companies, Marsh and McLennan Co. Inc., NFP Corp., QBE European Operations plc, Regent Insurance Brokers Europe GmbH, Swiss Re Ltd., Truist Financial Corp., USI Insurance Services, and Willis Towers Watson Public Ltd. Co. Also, the insurance brokerage market in europe 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 primary and secondary research. 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 accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Country Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market 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 2023 and 2028
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 2023
4.4 Market outlook: Forecast for 2023-2028
Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Data Table on Regional - Market size and forecast 2023-2028 ($ billion)
Chart on Europe: Year-over-year growth 2023-2028 (%)
Data Table on Regional - Market size and forecast 2023-2028 ($ billion)
5 Historic Market Size
5.1 Insurance Brokerage Market in Europe 2018 - 2022
Historic Market Size - Data Table on Insurance Brokerage Market in Europe 2018 - 2022 ($ billion)
5.2 Type segment analysis 2018 - 2022
Historic Market Size - Type Segment 2018 - 2022 ($ billion)
5.3 Geography segment analysis 2018 - 2022
Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
6 Qualitative Analysis
6.1 Impact of AI on Insurance Brokerage Market in Europe
7 Five Forces Analysis
7.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
7.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
7.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
7.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
7.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
7.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
7.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
8 Market Segmentation by Type
8.1 Market segments
Chart on Type - Market share 2023-2028 (%)
Data Table on Type - Market share 2023-2028 (%)
8.2 Comparison by Type
Chart on Comparison by Type
Data Table on Comparison by Type
8.3 Retail - Market size and forecast 2023-2028
Chart on Retail - Market size and forecast 2023-2028 ($ billion)
Data Table on Retail - Market size and forecast 2023-2028 ($ billion)
Chart on Retail - Year-over-year growth 2023-2028 (%)
Data Table on Retail - Year-over-year growth 2023-2028 (%)
8.4 Wholesale - Market size and forecast 2023-2028
Chart on Wholesale - Market size and forecast 2023-2028 ($ billion)
Data Table on Wholesale - Market size and forecast 2023-2028 ($ billion)
Chart on Wholesale - Year-over-year growth 2023-2028 (%)
Data Table on Wholesale - Year-over-year growth 2023-2028 (%)
8.5 Market opportunity by Type
Market opportunity by Type ($ billion)
Data Table on Market opportunity by Type ($ billion)
9 Customer Landscape
9.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
10 Geographic Landscape
10.1 Geographic segmentation
Chart on Market share By Geographical Landscape - 2023-2028 (%)
Data Table on Market share By Geographical Landscape - 2023-2028 (%)
10.2 Geographic comparison
Chart on Geographic comparison
Data Table on Geographic comparison
10.3 UK - Market size and forecast 2023-2028
Chart on UK - Market size and forecast 2023-2028 ($ billion)
Data Table on UK - Market size and forecast 2023-2028 ($ billion)
Chart on UK - Year-over-year growth 2023-2028 (%)
Data Table on UK - Year-over-year growth 2023-2028 (%)
10.4 France - Market size and forecast 2023-2028
Chart on France - Market size and forecast 2023-2028 ($ billion)
Data Table on France - Market size and forecast 2023-2028 ($ billion)
Chart on France - Year-over-year growth 2023-2028 (%)
Data Table on France - Year-over-year growth 2023-2028 (%)
10.5 Germany - Market size and forecast 2023-2028
Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Chart on Germany - Year-over-year growth 2023-2028 (%)
Data Table on Germany - Year-over-year growth 2023-2028 (%)
10.6 Italy - Market size and forecast 2023-2028
Chart on Italy - Market size and forecast 2023-2028 ($ billion)
Data Table on Italy - Market size and forecast 2023-2028 ($ billion)
Chart on Italy - Year-over-year growth 2023-2028 (%)
Data Table on Italy - Year-over-year growth 2023-2028 (%)
10.7 Rest of Europe - Market size and forecast 2023-2028
Chart on Rest of Europe - Market size and forecast 2023-2028 ($ billion)
Data Table on Rest of Europe - Market size and forecast 2023-2028 ($ billion)
Chart on Rest of Europe - Year-over-year growth 2023-2028 (%)
Data Table on Rest of Europe - Year-over-year growth 2023-2028 (%)
10.8 Market opportunity By Geographical Landscape
Market opportunity By Geographical Landscape ($ billion)
Data Table on Market opportunity By Geographical Landscape ($ billion)
11 Drivers, Challenges, and Opportunity/Restraints
11.1 Market drivers
11.2 Market challenges
11.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
11.4 Market opportunities/restraints
12 Competitive Landscape
12.1 Overview
12.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
12.3 Landscape disruption
Overview on factors of disruption
12.4 Industry risks
Impact of key risks on business
13 Competitive Analysis
13.1 Companies profiled
Companies covered
13.2 Company ranking index
Company ranking index
13.3 Market positioning of companies
Matrix on companies position and classification
13.4 AmWINS Group Inc.
AmWINS Group Inc. - Overview
AmWINS Group Inc. - Product / Service
AmWINS Group Inc. - Key offerings
SWOT
13.5 Aon plc
Aon plc - Overview
Aon plc - Business segments
Aon plc - Key news
Aon plc - Key offerings
Aon plc - Segment focus
SWOT
13.6 Arthur J. Gallagher and Co.
Arthur J. Gallagher and Co. - Overview
Arthur J. Gallagher and Co. - Business segments
Arthur J. Gallagher and Co. - Key news
Arthur J. Gallagher and Co. - Key offerings
Arthur J. Gallagher and Co. - Segment focus
SWOT
13.7 Assured Partners Inc.
Assured Partners Inc. - Overview
Assured Partners Inc. - Product / Service
Assured Partners Inc. - Key offerings
SWOT
13.8 Blythin and Brown Ltd.
Blythin and Brown Ltd. - Overview
Blythin and Brown Ltd. - Product / Service
Blythin and Brown Ltd. - Key offerings
SWOT
13.9 HUB International Ltd.
HUB International Ltd. - Overview
HUB International Ltd. - Product / Service
HUB International Ltd. - Key news
HUB International Ltd. - Key offerings
SWOT
13.10 Lockton Companies
Lockton Companies - Overview
Lockton Companies - Product / Service
Lockton Companies - Key offerings
SWOT
13.11 Marsh and McLennan Co. Inc.
Marsh and McLennan Co. Inc. - Overview
Marsh and McLennan Co. Inc. - Business segments
Marsh and McLennan Co. Inc. - Key news
Marsh and McLennan Co. Inc. - Key offerings
Marsh and McLennan Co. Inc. - Segment focus
SWOT
13.12 NFP Corp.
NFP Corp. - Overview
NFP Corp. - Product / Service
NFP Corp. - Key offerings
SWOT
13.13 Willis Towers Watson Public Ltd. Co.
Willis Towers Watson Public Ltd. Co. - Overview
Willis Towers Watson Public Ltd. Co. - Business segments
Willis Towers Watson Public Ltd. Co. - Key news
Willis Towers Watson Public Ltd. Co. - Key offerings
Willis Towers Watson Public Ltd. Co. - Segment focus
SWOT
14 Appendix
14.1 Scope of the report
14.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
14.3 Currency conversion rates for US$
Currency conversion rates for US$
14.4 Research methodology
Research methodology
14.5 Data procurement
Information sources
14.6 Data validation
Data validation
14.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
14.8 Data synthesis
Data synthesis
14.9 360 degree market analysis
360 degree market analysis
14.10 List of abbreviations
List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by Type
Exhibits 6: Executive Summary - Chart on Incremental Growth
Exhibits 7: Executive Summary - Data Table on Incremental Growth
Exhibits 8: Executive Summary - Chart on Company Market Positioning
Exhibits 9: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 10: Overview on criticality of inputs and factors of differentiation
Exhibits 11: Overview on factors of disruption
Exhibits 12: Impact of drivers and challenges in 2023 and 2028
Exhibits 13: Parent Market
Exhibits 14: Data Table on - Parent Market
Exhibits 15: Market characteristics analysis
Exhibits 16: Value chain analysis
Exhibits 17: Offerings of companies included in the market definition
Exhibits 18: Market segments
Exhibits 19: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibits 20: Data Table on Regional - Market size and forecast 2023-2028 ($ billion)
Exhibits 21: Chart on Europe: Year-over-year growth 2023-2028 (%)
Exhibits 22: Data Table on Regional - Market size and forecast 2023-2028 ($ billion)
Exhibits 23: Historic Market Size - Data Table on Insurance Brokerage Market in Europe 2018 - 2022 ($ billion)
Exhibits 24: Historic Market Size - Type Segment 2018 - 2022 ($ billion)
Exhibits 25: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
Exhibits 26: Five forces analysis - Comparison between 2023 and 2028
Exhibits 27: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 28: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 29: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 30: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 31: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 32: Chart on Market condition - Five forces 2023 and 2028
Exhibits 33: Chart on Type - Market share 2023-2028 (%)
Exhibits 34: Data Table on Type - Market share 2023-2028 (%)
Exhibits 35: Chart on Comparison by Type
Exhibits 36: Data Table on Comparison by Type
Exhibits 37: Chart on Retail - Market size and forecast 2023-2028 ($ billion)
Exhibits 38: Data Table on Retail - Market size and forecast 2023-2028 ($ billion)
Exhibits 39: Chart on Retail - Year-over-year growth 2023-2028 (%)
Exhibits 40: Data Table on Retail - Year-over-year growth 2023-2028 (%)
Exhibits 41: Chart on Wholesale - Market size and forecast 2023-2028 ($ billion)
Exhibits 42: Data Table on Wholesale - Market size and forecast 2023-2028 ($ billion)
Exhibits 43: Chart on Wholesale - Year-over-year growth 2023-2028 (%)
Exhibits 44: Data Table on Wholesale - Year-over-year growth 2023-2028 (%)
Exhibits 45: Market opportunity by Type ($ billion)
Exhibits 46: Data Table on Market opportunity by Type ($ billion)
Exhibits 47: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 48: Chart on Market share By Geographical Landscape - 2023-2028 (%)
Exhibits 49: Data Table on Market share By Geographical Landscape - 2023-2028 (%)
Exhibits 50: Chart on Geographic comparison
Exhibits 51: Data Table on Geographic comparison
Exhibits 52: Chart on UK - Market size and forecast 2023-2028 ($ billion)
Exhibits 53: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
Exhibits 54: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibits 55: Data Table on UK - Year-over-year growth 2023-2028 (%)
Exhibits 56: Chart on France - Market size and forecast 2023-2028 ($ billion)
Exhibits 57: Data Table on France - Market size and forecast 2023-2028 ($ billion)
Exhibits 58: Chart on France - Year-over-year growth 2023-2028 (%)
Exhibits 59: Data Table on France - Year-over-year growth 2023-2028 (%)
Exhibits 60: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibits 61: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibits 62: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibits 63: Data Table on Germany - Year-over-year growth 2023-2028 (%)
Exhibits 64: Chart on Italy - Market size and forecast 2023-2028 ($ billion)
Exhibits 65: Data Table on Italy - Market size and forecast 2023-2028 ($ billion)
Exhibits 66: Chart on Italy - Year-over-year growth 2023-2028 (%)
Exhibits 67: Data Table on Italy - Year-over-year growth 2023-2028 (%)
Exhibits 68: Chart on Rest of Europe - Market size and forecast 2023-2028 ($ billion)
Exhibits 69: Data Table on Rest of Europe - Market size and forecast 2023-2028 ($ billion)
Exhibits 70: Chart on Rest of Europe - Year-over-year growth 2023-2028 (%)
Exhibits 71: Data Table on Rest of Europe - Year-over-year growth 2023-2028 (%)
Exhibits 72: Market opportunity By Geographical Landscape ($ billion)
Exhibits 73: Data Table on Market opportunity By Geographical Landscape ($ billion)
Exhibits 74: Impact of drivers and challenges in 2023 and 2028
Exhibits 75: Overview on criticality of inputs and factors of differentiation
Exhibits 76: Overview on factors of disruption
Exhibits 77: Impact of key risks on business
Exhibits 78: Companies covered
Exhibits 79: Company ranking index
Exhibits 80: Matrix on companies position and classification
Exhibits 81: AmWINS Group Inc. - Overview
Exhibits 82: AmWINS Group Inc. - Product / Service
Exhibits 83: AmWINS Group Inc. - Key offerings
Exhibits 84: SWOT
Exhibits 85: Aon plc - Overview
Exhibits 86: Aon plc - Business segments
Exhibits 87: Aon plc - Key news
Exhibits 88: Aon plc - Key offerings
Exhibits 89: Aon plc - Segment focus
Exhibits 90: SWOT
Exhibits 91: Arthur J. Gallagher and Co. - Overview
Exhibits 92: Arthur J. Gallagher and Co. - Business segments
Exhibits 93: Arthur J. Gallagher and Co. - Key news
Exhibits 94: Arthur J. Gallagher and Co. - Key offerings
Exhibits 95: Arthur J. Gallagher and Co. - Segment focus
Exhibits 96: SWOT
Exhibits 97: Assured Partners Inc. - Overview
Exhibits 98: Assured Partners Inc. - Product / Service
Exhibits 99: Assured Partners Inc. - Key offerings
Exhibits 100: SWOT
Exhibits 101: Blythin and Brown Ltd. - Overview
Exhibits 102: Blythin and Brown Ltd. - Product / Service
Exhibits 103: Blythin and Brown Ltd. - Key offerings
Exhibits 104: SWOT
Exhibits 105: HUB International Ltd. - Overview
Exhibits 106: HUB International Ltd. - Product / Service
Exhibits 107: HUB International Ltd. - Key news
Exhibits 108: HUB International Ltd. - Key offerings
Exhibits 109: SWOT
Exhibits 110: Lockton Companies - Overview
Exhibits 111: Lockton Companies - Product / Service
Exhibits 112: Lockton Companies - Key offerings
Exhibits 113: SWOT
Exhibits 114: Marsh and McLennan Co. Inc. - Overview
Exhibits 115: Marsh and McLennan Co. Inc. - Business segments
Exhibits 116: Marsh and McLennan Co. Inc. - Key news
Exhibits 117: Marsh and McLennan Co. Inc. - Key offerings
Exhibits 118: Marsh and McLennan Co. Inc. - Segment focus
Exhibits 119: SWOT
Exhibits 120: NFP Corp. - Overview
Exhibits 121: NFP Corp. - Product / Service
Exhibits 122: NFP Corp. - Key offerings
Exhibits 123: SWOT
Exhibits 124: Willis Towers Watson Public Ltd. Co. - Overview
Exhibits 125: Willis Towers Watson Public Ltd. Co. - Business segments
Exhibits 126: Willis Towers Watson Public Ltd. Co. - Key news
Exhibits 127: Willis Towers Watson Public Ltd. Co. - Key offerings
Exhibits 128: Willis Towers Watson Public Ltd. Co. - Segment focus
Exhibits 129: SWOT
Exhibits 130: Inclusions checklist
Exhibits 131: Exclusions checklist
Exhibits 132: Currency conversion rates for US$
Exhibits 133: Research methodology
Exhibits 134: Information sources
Exhibits 135: Data validation
Exhibits 136: Validation techniques employed for market sizing
Exhibits 137: Data synthesis
Exhibits 138: 360 degree market analysis
Exhibits 139: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the insurance brokerage market in europe: Acrisure LLC, AmWINS Group Inc., Aon plc, Arthur J. Gallagher and Co., Assured Partners Inc., Blythin and Brown Ltd., Brown and Brown Inc., Foa and Son Corp., Funk Group GmbH, HUB International Ltd., Lloyds and Corp., Lockton Companies, Marsh and McLennan Co. Inc., NFP Corp., QBE European Operations plc, Regent Insurance Brokers Europe GmbH, Swiss Re Ltd., Truist Financial Corp., USI Insurance Services, and Willis Towers Watson Public Ltd. Co..

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is integration of it and analytic solutions."

According to the report, one of the major drivers for this market is the increased demand for insurance policies.

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 a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Acrisure LLC
  • AmWINS Group Inc.
  • Aon plc
  • Arthur J. Gallagher and Co.
  • Assured Partners Inc.
  • Blythin and Brown Ltd.
  • Brown and Brown Inc.
  • Foa and Son Corp.
  • Funk Group GmbH
  • HUB International Ltd.
  • Lloyds and Corp.
  • Lockton Companies
  • Marsh and McLennan Co. Inc.
  • NFP Corp.
  • QBE European Operations plc
  • Regent Insurance Brokers Europe GmbH
  • Swiss Re Ltd.
  • Truist Financial Corp.
  • USI Insurance Services
  • Willis Towers Watson Public Ltd. Co.