North America Insurance Brokerage Market Size & Outlook

The insurance brokerage market in North America is expected to reach a projected revenue of US$ 145,263.8 million by 2030. A compound annual growth rate of 7.5% is expected of North America insurance brokerage market from 2024 to 2030.
Revenue, 2023 (US$M)
$87,645.1
Forecast, 2030 (US$M)
$145,263.8
CAGR, 2024 - 2030
7.5%
Report Coverage
North America

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

North
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North America insurance brokerage market highlights

  • The North America insurance brokerage market generated a revenue of USD 87,645.1 million in 2023.
  • The market is expected to grow at a CAGR of 7.5% 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.


North America data book summary

Market revenue in 2023USD 87,645.1 million
Market revenue in 2030USD 145,263.8 million
Growth rate7.5% (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, North America region accounted for 30.5% 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.

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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

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


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

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North America insurance brokerage market

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