Report overview
The insurance brokers and agents market is primarily engaged in acting as intermediaries (i.e., agents, brokers) in selling annuities and insurance policies. They represent consumers in insurance transactions. Insurance brokers and agents can be contracted with single or multiple insurance companies as they try to meet different client needs with suitable insurance products. This market excludes the direct selling of insurance products by insurance companies.
This report contains market size and forecasts of Insurance Brokers and Agents in Global, including the following market information:
Global Insurance Brokers and Agents Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Insurance Brokers and Agents market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Insurance Brokers Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Insurance Brokers and Agents include Marsh & McLennan Companies, Aon plc, Arthur J. Gallagher & Co., Willis Group, Branch Banking and Trust Company, Brown & Brown, HUB International, USI Insurance Services and Lockton, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Insurance Brokers and Agents companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Insurance Brokers and Agents Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Insurance Brokers and Agents Market Segment Percentages, by Type, 2021 (%)
Insurance Brokers
Insurance Agents
Global Insurance Brokers and Agents Market, by Enterprise Size, 2017-2022, 2023-2028 ($ millions)
Global Insurance Brokers and Agents Market Segment Percentages, by Enterprise Size, 2021 (%)
Individual
Small Enterprises (10 to 49 Employees)
Medium-sized Enterprises (50 to 249 Employees)
Large Enterprises (Employ 250 or More People)
Global Insurance Brokers and Agents Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Insurance Brokers and Agents Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Insurance Brokers and Agents revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Insurance Brokers and Agents revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Marsh & McLennan Companies
Aon plc
Arthur J. Gallagher & Co.
Willis Group
Branch Banking and Trust Company
Brown & Brown
HUB International
USI Insurance Services
Lockton
Alliant Insurance Services
NFP
Acrisure
AmWINS Group
Assured Partners
