Global Insurance Brokerage Market Size & Outlook

The insurance brokerage industry worldwide is expected to reach a projected revenue of US$ 524,797.1 million by 2030. A compound annual growth rate of 9% is expected of the worldwide insurance brokerage industry from 2024 to 2030.
Revenue, 2023 (US$M)
$287,404.6
Forecast, 2030 (US$M)
$524,797.1
CAGR, 2024 - 2030
9%
Report Coverage
Worldwide

Global insurance brokerage market, 2018-2030 (US$M)

Global insurance brokerage market highlights

  • The global insurance brokerage market generated a revenue of USD 287,404.6 million in 2023 and is expected to reach USD 524,797.1 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 9% by 2030.
  • In terms of segment, life insurance accounted for a revenue of USD 287,404.6 million in 2023.
  • Life Insurance is the most lucrative insurance segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2023.

Global data book summary

Market revenue in 2023USD 287,404.6 million
Market revenue in 2030USD 524,797.1 million
Growth rate9% (CAGR from 2023 to 2030)
Largest segmentLife insurance
Fastest growing segmentLife Insurance
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationLife Insurance

Other key industry trends

  • In terms of revenue, the North America accounted for 30.5% of the global insurance brokerage market in 2023.

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Insurance Brokerage Market Scope

Insurance brokerage market segmentation & scope
Property & Casualty Insurance
Brokerage
Retail
Wholesale
End Use
Individual
Corporate
Countries
U.S.
Canada
Mexico
UK
Sweden
Spain
Norway
Italy
Germany
France
Denmark
Brazil
Argentina
Australia
China
India
Japan
South Korea
Thailand
UAE
South Africa
Saudi Arabia
Kuwait

Insurance Brokerage Market Companies

Name Profile # Employees HQ Website

Global insurance brokerage market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to insurance brokerage market will help companies and investors design strategic landscapes.


Life insurance was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Global insurance brokerage market based on life insurance covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Insurance Brokerage Insurance Outlook (Revenue, USD Million, 2018-2030)
    • Life Insurance
    • Property & Casualty Insurance
  • Global Insurance Brokerage Brokerage Outlook (Revenue, USD Million, 2018-2030)
    • Retail
    • Wholesale
  • Global Insurance Brokerage End Use Outlook (Revenue, USD Million, 2018-2030)
    • Individual
    • Corporate

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Horizon Databook provides a detailed overview of global-level data and insights on the Global insurance brokerage market , including forecasts for subscribers. This global databook contains high-level insights into Global insurance brokerage market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global insurance brokerage market size, by regions, 2018-2030 (US$M)

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