Latin America Insurance Brokerage Market Size & Outlook

The insurance brokerage market in Latin America is expected to reach a projected revenue of US$ 49,803.3 million by 2030. A compound annual growth rate of 9.9% is expected of Latin America insurance brokerage market from 2024 to 2030.
Revenue, 2023 (US$M)
$25,769.5
Forecast, 2030 (US$M)
$49,803.3
CAGR, 2024 - 2030
9.9%
Report Coverage
Latin America

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

Latin
Unlock Premium

Latin America insurance brokerage market highlights

  • The Latin America insurance brokerage market generated a revenue of USD 25,769.5 million in 2023.
  • The market is expected to grow at a CAGR of 9.9% from 2024 to 2030.
  • In terms of segment, life insurance was the largest revenue generating insurance in 2023.
  • Life Insurance is the most lucrative insurance segment registering the fastest growth during the forecast period.


Latin America data book summary

Market revenue in 2023USD 25,769.5 million
Market revenue in 2030USD 49,803.3 million
Growth rate9.9% (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, Latin America region accounted for 9.0% of the global insurance brokerage market in 2023.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 168,145.0 million by 2030.

No credit card required*

Horizon in a snapshot

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more

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

Latin America 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 Latin America insurance brokerage market based on life insurance covering the revenue growth of each sub-segment from 2018 to 2030.


Reasons to subscribe to Latin America insurance brokerage market databook:

  • Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
  • Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
  • Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
  • Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
  • Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.

Target buyers of Latin America insurance brokerage market databook

  • Our clientele includes a mix of insurance brokerage market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

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

Partial client list

  • logo

Latin America insurance brokerage market

Sign up - it's easy, and free!

Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our free plan indefinitely.

Explore all plans

Included in Horizon account

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more