Insurance Brokers and Agents Market Size & Share 2026-2035

Insurance Brokers and Agents Market Size

The global insurance brokers and agents market was estimated at USD 276.5 billion in 2025. The market is expected to grow from USD 299.6 billion in 2026 to USD 653.4 billion in 2035, at a CAGR of 9.1%, according to latest report published by Global Market Insights Inc.

The rapid evolution of global risk landscapes, driven by economic uncertainty, digital transformation, and increasingly complex regulatory environments, is significantly reshaping the market. Traditionally focused on policy distribution and customer acquisition, brokers and agents have evolved into strategic advisors, helping clients navigate diverse risk exposures, optimize coverage structures, and ensure compliance with evolving insurance regulations. Across corporate enterprises, SMEs, and individual consumers, intermediaries now play a critical role in delivering tailored risk management solutions and enhancing customer experience.

Growing demand for personalized insurance solutions and advisory services is further elevating the importance of brokers and agents. Clients increasingly expect customized policy structures, risk assessments, and ongoing support, particularly in complex segments such as cyber insurance, health coverage, and commercial liability. At the same time, transparency in pricing, policy terms, and claims processes is becoming essential, with customers seeking clear insights and unbiased recommendations to make informed decisions.

Rising focus on customer-centricity and digital engagement is also transforming the market. Insurance intermediaries are adopting omnichannel strategies that integrate digital platforms with traditional advisory models, enabling seamless customer interactions across online and offline touchpoints. This shift not only improves customer acquisition and retention but also enhances operational efficiency through automated policy comparisons, digital onboarding, and claims assistance tools.

In November 2025, Aon launched its AI-powered Claims Copilot platform, integrating digital broker tools with claims analytics and client portals, enabling faster claims resolution, real-time risk insights, and improved digital engagement across its global insurance client base.

The increasing complexity of insurance products and regulatory requirements is accelerating the adoption of specialized and integrated brokerage services. Organizations are turning to brokers capable of offering end-to-end solutions, including risk assessment, policy placement, claims management, and compliance advisory. This transition supports streamlined operations, reduces administrative burden, and improves risk mitigation across industries such as BFSI, healthcare, manufacturing, and energy.

Technological innovation is playing a transformative role in redefining brokerage operations. Advanced tools such as AI-powered underwriting support, data analytics platforms, and automated customer relationship management (CRM) systems are gaining traction. These technologies enable better risk profiling, faster policy issuance, and enhanced customer engagement. Additionally, digital marketplaces and insurtech partnerships are enabling brokers to expand product offerings and improve pricing competitiveness.

Regulatory compliance and risk governance have become central pillars of the insurance brokers and agents market. With evolving global standards and local regulatory frameworks, intermediaries must ensure adherence to licensing requirements, data protection laws, and fair advisory practices. This has led to increased investment in compliance management systems, audit processes, and employee training to mitigate legal and reputational risks.

North America and Europe represent mature markets for insurance brokers and agents, supported by well-established regulatory frameworks, high insurance penetration, and strong adoption of advisory-driven models. The presence of global brokerage firms and advanced digital infrastructure continues to drive innovation and competitive differentiation in these regions.

Asia-Pacific is the fastest-growing market, driven by expanding middle-class populations, increasing awareness of insurance products, and rapid digital adoption. Countries such as China, India, Japan, and Southeast Asian nations are witnessing rising demand for accessible and customized insurance solutions, supported by regulatory reforms and the growth of insurtech ecosystems.

Insurance Brokers and Agents Market Trends

Insurance brokers and agents are increasingly transitioning from traditional policy sellers to strategic advisors. Clients now expect comprehensive support, including risk assessment, portfolio optimization, and claims management. This shift is driven by the growing complexity of risks such as cyber threats, regulatory changes, and climate-related exposures. By offering consultative services, brokers can build deeper client relationships, enhance trust, and improve retention rates while also creating additional revenue streams beyond standard commissions.

For instance, in April 2026, Marsh McLennan Agency accelerated its digital transformation by implementing unified data platforms and targeted AI investments to improve operational efficiency and producer productivity, enabling better client insights and streamlined brokerage operations across its expanding global network.

Digital transformation is reshaping how brokers and agents engage with customers. The adoption of mobile apps, digital platforms, and online policy comparison tools allows customers to interact seamlessly across multiple channels. Omnichannel strategies combine digital convenience with personalized human advisory services, improving customer experience and accessibility. This trend also enables brokers to automate processes such as onboarding and policy issuance, reducing operational costs while increasing efficiency and expanding their reach to digitally savvy consumers.

Collaboration between traditional brokers and insurtech firms is accelerating innovation in the market. By leveraging technologies such as artificial intelligence, machine learning, and robotic process automation, brokers can enhance underwriting accuracy, streamline operations, and improve service delivery. These partnerships enable faster policy comparisons, real-time data access, and improved customer insights. As competition intensifies, integration with insurtech ecosystems helps brokers stay relevant and competitive in a rapidly evolving, technology-driven insurance landscape.

The increasing complexity of global risks has led to rising demand for specialized insurance products, including cyber insurance, climate risk coverage, and parametric policies. Brokers and agents are expanding their expertise to address these niche segments and provide tailored solutions. This trend is particularly strong among corporate clients and high-net-worth individuals seeking customized coverage. By focusing on specialized offerings, brokers can differentiate themselves in the market and tap into new, high-growth revenue opportunities.

Data analytics is becoming a critical tool for brokers and agents to enhance decision-making and customer engagement. Advanced analytics enables better understanding of customer behavior, risk profiles, and market trends, allowing brokers to offer highly personalized insurance solutions. Predictive analytics and AI-driven insights support more accurate pricing, targeted marketing, and proactive risk management. This trend not only improves customer satisfaction but also increases operational efficiency and competitiveness in a data-driven insurance environment.

Insurance Brokers and Agents Market Analysis

Based on business type, the market is divided into retail brokerage, and wholesale brokerage. The retail brokerage segment dominated the insurance brokers and agents market, accounting for around 69% in 2025 and is expected to grow at a CAGR of more than 6.3% through 2035.

• The insurance brokers and agents industry is largely dominated by retail brokerage, driven by the strong demand for personalized insurance solutions among individuals and small to medium-sized enterprises. Retail brokers and agents maintain direct relationships with customers, enabling them to understand specific needs, recommend suitable policies, and provide ongoing support. Their accessibility, localized presence, and ability to simplify complex insurance products make them a preferred distribution channel, particularly in life, health, and personal lines insurance segments.
• Additionally, the growth of retail brokerage is supported by increasing insurance awareness, expanding middle-class populations, and regulatory frameworks that encourage advisory-driven sales. Retail intermediaries also play a crucial role in customer education, claim assistance, and policy renewals, enhancing trust and long-term engagement. With the integration of digital tools and omnichannel strategies, retail brokers are further strengthening their market position by combining personalized service with improved efficiency and broader reach.
• For instance, in October 2025, Aon reported stronger-than-expected quarterly profits, driven by robust demand for its risk management and insurance brokerage services, highlighting how businesses and individuals continue to rely on brokers for policy placement and advisory support amid evolving risk environments.
• The Wholesale brokerage segment is expected to experience a faster growth of more than 10.5% over the forecast period, driven by due to rising demand for complex and high-value risk placement services, especially in commercial and specialty insurance lines. Growth is further driven by increasing reinsurance activities, cross-border insurance transactions, and hardening market conditions, where primary brokers rely on wholesale brokers to access global insurers and manage capacity constraints efficiently.

Based on insurance type, the market is categorized into life & health insurance, health insurance, and property & casualty insurance. The property & casualty insurance segment dominates the market accounting for around 49.6% share in 2025, and the segment is expected to grow at a CAGR of over 10.1% from 2026-2035.

• The insurance brokers and agents market is primarily led by the property & casualty (P&C) insurance segment due to the high demand for coverage against diverse and evolving risks affecting both individuals and businesses. These include risks related to property damage, liability claims, natural disasters, and accidents. Brokers and agents play a crucial role in helping clients assess these risks and select appropriate policies, particularly in commercial sectors such as construction, manufacturing, and transportation where coverage requirements are complex and customized.
• Additionally, the frequent occurrence of catastrophic events and rising awareness of liability protection are driving continuous demand for P&C insurance. Regulatory requirements in many industries also mandate specific liability coverage, further supporting segment growth. Brokers add value through policy comparison, risk advisory, and claims support, making them essential intermediaries in the distribution of P&C insurance products across global markets.
• For instance, in April 2026, Aon highlighted that increasing complexity in casualty and long-tail risks, particularly in sectors such as aviation and U.S. liability insurance, is driving greater reliance on brokers for portfolio restructuring and risk transfer solutions across global insurance markets.

Based on end use, the global insurance brokers and agents market is divided into individual, and corporate. The individual segment held the major market share in 2025. 

• The Individual segment holds the largest share in the market owing to the high penetration of personal insurance products such as life, health, motor, and home insurance. Individuals form the largest customer base for insurance globally, driven by increasing awareness of financial protection, rising healthcare costs, and the need for income security. Brokers and agents play a key role in helping individuals compare policies, understand coverage benefits, and select suitable plans across multiple insurers.
• Additionally, growing urbanization, rising disposable income, and mandatory insurance requirements in areas like motor insurance are further boosting demand in this segment. The ease of accessing insurance through digital platforms and intermediaries has also encouraged more individuals to purchase policies. As a result, continuous demand for personal risk coverage ensures that the individual segment maintains a dominant position in the market.
• For instance, in December 2025, Willis Towers Watson expanded its corporate insurance advisory and placement services following its acquisition of Newfront, strengthening its ability to serve mid-to-large enterprise clients with integrated risk and insurance solutions across global markets.
• The corporate segment is expected to grow with a CAGR of more than 9.6% due to the increasing complexity of business risks and the rising need for comprehensive insurance coverage among enterprises. Corporations across industries such as IT, manufacturing, healthcare, and finance are expanding globally, which exposes them to diverse risks including operational disruptions, regulatory penalties, cyber threats, and supply chain vulnerabilities. This is driving strong demand for tailored insurance solutions that can effectively manage multi-dimensional risk exposure.

Based on distribution channel, the insurance brokers and agents market is divided into offline, and online. The offline segment dominated the market.

• The offline segment dominates the market due to the continued preference for face-to-face advisory services, particularly in complex insurance products such as life, health, and commercial coverage. Many customers, especially in emerging economies and rural regions, rely on personal interactions with agents to better understand policy terms, compare options, and build trust before making purchasing decisions. Offline channels also provide stronger relationship management, which is critical for renewals and claims assistance.
• Additionally, offline distribution remains dominant because insurance often involves high-value and long-term financial commitments that require detailed consultation and customized solutions. Traditional agents and broker networks have deep local penetration, enabling them to reach underserved markets where digital adoption is still limited. Despite growing digitalization, offline channels continue to play a crucial role in customer acquisition, advisory services, and policy servicing across both individual and commercial insurance segments.
• For instance, in December 2025, Willis Towers Watson announced a $1.3 billion acquisition of brokerage firm Newfront, aiming to strengthen its presence in the U.S. middle market and expand its digitally enabled brokerage and advisory capabilities for corporate clients.

• The online segment is expected to grow with a CAGR of more than 10.1% due to the rapid digital transformation of the insurance industry and increasing consumer preference for convenient, self-service platforms. The rising adoption of smartphones, internet penetration, and mobile applications is enabling customers to compare policies, purchase insurance, and manage claims digitally without the need for physical interaction. This shift is significantly enhancing accessibility and transparency in insurance distribution.
  
  
  
  
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U.S. dominated the insurance brokers and agents market in North America with around 83.6% share and generated USD 89.7 billion in revenue in 2025.

• The U.S. market is experiencing robust growth due to the increasing demand for complex commercial insurance solutions, rising corporate risk exposure, and strong reliance on advisory-led distribution models. Businesses across sectors such as healthcare, technology, manufacturing, and financial services depend heavily on brokers to structure customized coverage for property, liability, cyber risk, and employee benefits. This has strengthened the role of intermediaries as essential risk advisors in a highly developed insurance ecosystem.
• Additionally, frequent natural catastrophes, escalating litigation risks, and evolving regulatory requirements in the United States are further driving demand for broker-led insurance services. The presence of a highly mature insurance market, along with strong penetration of large brokerage firms such as Marsh McLennan and Aon, enhances market efficiency and innovation. Increasing adoption of digital tools and data analytics is also improving broker productivity and customer engagement, further supporting market expansion.
• For instance, in 2026, Marsh McLennan Agency expanded its U.S. business insurance insights and analytics capabilities to support corporate clients with data-driven risk placement, claims optimization, and insurance program structuring, reflecting growing sophistication in the U.S. brokerage ecosystem.
• Canada is projected to grow at a significant CAGR in the insurance brokers and agents market due to the rising demand for complex commercial insurance solutions, increasing awareness of risk protection, and strong reliance on broker-led advisory services. Businesses across sectors such as energy, manufacturing, financial services, and healthcare require customized coverage for property, liability, cyber risks, and employee benefits, which strengthens the role of insurance brokers as key intermediaries in risk assessment and policy structuring.

The insurance brokers and agents market in Germany is expected to experience significant and promising growth from 2026 to 2035.

• Europe accounts for over 29.4% of the market in 2025 and is expected to grow at a CAGR of around 8.6% due to the presence of a highly developed insurance ecosystem, strict regulatory frameworks, and strong demand for advisory-led insurance distribution services. Businesses and individuals across the region rely heavily on brokers and agents to navigate complex insurance products, ensure compliance with evolving EU regulations, and manage diverse risk exposures such as property, liability, health, and cyber risks.
• Germany is a strong market leader due to its highly structured and mature insurance ecosystem, strong regulatory framework, and deep penetration of both commercial and personal insurance products. The country has a well-established network of brokers and agents who play a critical role in advising clients on complex insurance needs, particularly in industrial sectors such as automotive, manufacturing, engineering, and logistics, where risk exposure is high and coverage requirements are highly specialized.
• Germany’s strong focus on risk management culture, compliance with stringent EU insurance regulations, and high awareness of financial protection further support broker-driven distribution. The presence of leading global insurers and intermediaries, combined with increasing digitalization of insurance processes, enhances operational efficiency and customer engagement. Rising demand for cyber insurance, liability coverage, and climate-related risk protection is also strengthening the role of brokers in the German insurance market.
• For instance, in June 2025, Brown & Brown expanded aggressively through acquisitions in North America and Europe, reflecting a broader industry trend of consolidation that also strengthens broker capabilities in advanced markets such as Germany through expanded specialty distribution networks.
• The UK is emerging as a strong growth market for insurance brokers and agents due to its highly developed financial services ecosystem, strong insurance penetration, and increasing demand for complex commercial and specialty insurance products. London’s position as a global insurance hub, particularly for Lloyd’s market activities, strengthens the role of brokers in facilitating large-scale international risk placements and reinsurance transactions across diverse industries.

The insurance brokers and agents market in China is expected to experience significant and promising growth from 2026-2035.

• Asia Pacific accounts for over 26.5% of the market in 2025 and is expected to grow at a CAGR of around 11.3% between 2026 and 2035 owing to rapid economic expansion, increasing insurance penetration, and strong growth in commercial and retail insurance demand. Rising urbanization, expanding middle-class populations, and increasing awareness of risk protection are significantly boosting the adoption of insurance products across countries such as China, India, Japan, and Southeast Asia.
• China is the market leader in the insurance brokers and agents segment due to its massive insurance customer base, rapid economic development, and strong expansion of both retail and commercial insurance demand. The country’s large population, rising middle class, and increasing awareness of financial protection have significantly boosted demand for life, health, property, and commercial insurance products. Brokers and agents play a critical role in educating customers, simplifying complex insurance offerings, and facilitating policy adoption across urban and semi-urban regions.
• China’s accelerating digital transformation and strong fintech and insurtech ecosystem are enhancing the efficiency of insurance distribution. The integration of online platforms, mobile apps, and AI-driven underwriting tools is enabling brokers to reach a wider customer base and improve service delivery. Government support for financial sector modernization, combined with rising exposure to natural disasters, healthcare needs, and corporate risk management requirements, further strengthens China’s leadership in the market.
• For instance, in 2025, AIA Group reported strong new business value growth driven by robust demand in mainland China, highlighting the expanding insurance market and increasing role of distribution networks and intermediaries in supporting life and health insurance uptake.
• India is becoming one of the fastest-growing markets in the insurance brokers and agents sector due to rapid economic expansion, increasing financial inclusion, and rising awareness of insurance as a key risk protection tool. The growing middle-class population, urbanization, and higher disposable incomes are driving strong demand for life, health, and general insurance products. Brokers and agents play a vital role in educating customers, simplifying policy selection, and expanding insurance penetration across both urban and rural regions.

The insurance brokers and agents market in Brazil is expected to experience significant and promising growth from 2026 to 2035.

• Latin America holds around 3.2% of the market in 2025 and is growing steadily at a CAGR of around 7.9% between 2026 and 2035 due to increasing insurance awareness, gradual economic stabilization, and rising demand for both personal and commercial insurance products. The expanding middle-class population and improving access to financial services are encouraging greater adoption of life, health, and property insurance across countries such as Brazil, Mexico, Argentina, and Chile.
• Brazil dominates the market in Latin America due to its large population base, well-developed insurance industry, and strong presence of established brokerage networks. The country has a relatively mature financial services sector compared to other regional economies, which supports higher insurance penetration across life, health, property, and commercial segments. Brokers and agents play a crucial role in distributing complex insurance products, particularly in urban centers where corporate and retail demand is concentrated.
• Brazil’s regulatory framework encourages broker-led distribution, making intermediaries essential in policy placement and advisory services. Rising awareness of risk protection, increasing urbanization, and growing exposure to natural disasters such as floods and droughts further support insurance demand. The expansion of digital insurance platforms and partnerships between global insurers and local brokers is also enhancing accessibility and efficiency, strengthening Brazil’s leadership in the Latin American market.
• For instance, in November 2025, Aon reported continued growth in its Latin America commercial risk business, with Brazil contributing significantly due to rising demand for property, casualty, and specialty insurance brokerage services across industrial and infrastructure sectors.
• The insurance brokers and agents market in Mexico is experiencing high growth due to rising insurance awareness, increasing financial inclusion, and growing demand for both personal and commercial risk coverage. The expansion of the middle-class population and improving economic conditions are driving greater adoption of life, health, motor, and property insurance products. Brokers and agents play a key role in educating customers, simplifying complex policy structures, and improving insurance penetration across urban and semi-urban regions.

The insurance brokers and agents market in UAE is expected to experience significant and promising growth from 2026-2035.

• MEA holds around 2.1% of the market in 2025 and is growing steadily at a CAGR of around 9.5% between 2026 and 2035 due to increasing insurance awareness, gradual economic diversification, and rising demand for risk protection across both corporate and retail segments. The expansion of industries such as oil & gas, construction, logistics, and tourism is driving the need for specialized insurance solutions, where brokers and agents play a critical role in structuring and placing complex coverage.
• The UAE dominates the MEA market due to its highly developed financial services sector, strong regulatory framework, and position as a regional insurance and reinsurance hub. The country hosts a large concentration of multinational insurers, brokerage firms, and reinsurers, particularly in financial free zones such as Dubai International Financial Centre (DIFC) and Abu Dhabi Global Market (ADGM), which support efficient insurance distribution and cross-border risk placements.
• Additionally, the UAE’s diversified economy, strong infrastructure development, and high penetration of corporate insurance demand across sectors such as construction, aviation, tourism, and energy significantly drive broker-led services. Increasing regulatory emphasis on insurance compliance, coupled with rising adoption of digital insurance platforms and insurtech solutions, is further enhancing market efficiency. The country’s exposure to high-value commercial risks and its role as a gateway between global and regional insurance markets strengthen its dominance in the MEA insurance brokers and agents industry.

• Saudi Arabia is expected to grow at the fastest CAGR in the MEA market due to strong economic diversification under Vision 2030, which is driving rapid expansion in non-oil sectors such as construction, tourism, healthcare, and financial services. This transformation is significantly increasing demand for corporate and retail insurance products, where brokers and agents play a key role in risk assessment, policy structuring, and insurance distribution.

Insurance Brokers and Agents Market Share

• The top 7 companies in the market are Marsh McLennan, Aon, Allianz SE, AXA, Brown & Brown, Willis Towers Watson, and Lockton Companies, contributed around 23.2% of the market in 2025.
• Marsh McLennan focuses on expanding its integrated risk, insurance, and consulting ecosystem through data analytics, AI-driven risk modeling, and global advisory services. The company strengthens its position via acquisitions, digital transformation, and expansion in specialty lines such as cyber and climate risk. It emphasizes cross-selling across Marsh, Guy Carpenter, Mercer, and Oliver Wyman to deliver end-to-end enterprise risk solutions.
• Aon’s strategy centers on unifying risk capital and human capital solutions through advanced analytics and data-driven advisory services. It invests heavily in cloud-based platforms, catastrophe modeling, and client insights tools. The company focuses on strengthening reinsurance, commercial risk, and health solutions while expanding in cyber and ESG-related insurance advisory. Strategic acquisitions also enhance their global brokerage and consulting capabilities.
• Allianz adopts a vertically integrated strategy combining insurance underwriting with brokerage and asset management. It leverages its global agent network and digital platforms to enhance customer reach. The company focuses on expanding health, life, and commercial insurance segments while investing in automation and digital distribution. Sustainability and climate risk solutions are key strategic priorities, aligning offerings with evolving ESG requirements.
• AXA’s strategy emphasizes customer-centric digital transformation and expansion in health, life, and property insurance. The company invests in insurtech partnerships, AI-driven underwriting, and mobile-first distribution channels. AXA is strengthening its presence in high-growth markets and focusing on climate risk insurance and sustainability-linked products. It also enhances operational efficiency through automation and simplified claims management systems.
• Brown & Brown follows an acquisition-driven growth strategy focused on expanding its retail, wholesale, and specialty brokerage businesses. The company operates a decentralized model that empowers local teams while leveraging centralized support for efficiency. It emphasizes niche market expertise, strong client relationships, and organic growth through cross-selling insurance products. Its strategy also includes digital modernization and expansion into high-growth U.S. regions.
• WTW focuses on integrated risk management, brokerage, and advisory services supported by data analytics and global expertise. The company emphasizes enterprise risk solutions, reinsurance brokerage, and employee benefits consulting. It is strengthening digital platforms for risk modeling and client servicing. Strategic partnerships and technology investments help WTW enhance efficiency, improve pricing accuracy, and expand its presence in complex commercial insurance markets.
• Lockton Companies focuses on client-centric, privately owned brokerage services with strong emphasis on personalized risk advisory. The company prioritizes organic growth, employee ownership culture, and deep client relationships. It invests in expanding specialty lines such as cyber, construction, and healthcare insurance. Lockton also enhances digital capabilities to improve client service while maintaining flexibility and independence from shareholder pressure, enabling long-term strategic focus.
   

Insurance Brokers and Agents Market Companies

Major players operating in the insurance brokers and agents industry are:

• Allianz 
• Aon
• AXA
• Brown & Brown
• Chubb 
• Lockton Companies
• Lockton Companies 
• Marsh McLennan
• Willis Towers Watson 
• Zurich Insurance 

• Strategic partnerships and ecosystem integration are accelerating growth in the insurance brokers and agents market. Leading brokers are collaborating with insurers, insurtech firms, banks, and digital platforms to deliver seamless end-to-end insurance solutions. These partnerships enable enhanced distribution reach, faster policy issuance, and improved customer experience through embedded insurance, API-driven platforms, and digital marketplaces. Such collaborations also help brokers expand into new product lines like cyber, health, and specialty insurance while improving operational efficiency and market penetration across retail and commercial segments.
• Regulatory compliance and risk governance are shaping market strategies in the insurance brokers and agents industry. Strict regulatory frameworks governing licensing, fiduciary responsibility, data protection, and fair selling practices are compelling brokers to adopt advanced compliance management systems. Increasing focus on transparency, consumer protection, and solvency requirements is driving investment in digital audit trails, automated reporting tools, and governance frameworks.

Insurance Brokers and Agents Industry News

• In December 2025, Willis Towers Watson announced a definitive agreement to acquire Newfront for approximately $1.3 billion, strengthening its presence in the U.S. middle market insurance brokerage segment. The deal integrates Newfront’s AI-driven placement automation and digital client platforms with WTW’s existing risk analytics and brokerage systems, enhancing advisory efficiency, improving client servicing, and accelerating digital transformation across commercial insurance distribution.
• In March 2025, Arthur J. Gallagher & Co. agreed to acquire Woodruff Sawyer for approximately $1.2 billion, enhancing its expertise in management liability, construction, and real estate insurance segments. The acquisition expands Gallagher’s U.S. retail brokerage footprint and strengthens its niche advisory capabilities, while leveraging global resources and integrated service platforms to improve client risk management solutions.
• In December 2024, Arthur J. Gallagher & Co. announced its largest-ever acquisition of AssuredPartners for $13.45 billion, expanding its retail and middle-market brokerage capabilities across the U.S., U.K., and Ireland. The acquisition strengthens Gallagher’s specialty insurance offerings, including healthcare, energy, and transportation, while enabling cross-selling opportunities and operational synergies through standardized brokerage systems and analytics-driven risk placement.
• In November 2024, Marsh McLennan completed the acquisition of McGriff Insurance Services, expanding its U.S. middle-market brokerage presence. The integration added over 3,500 professionals and strengthened Marsh McLennan Agency’s capabilities in commercial insurance, employee benefits, cyber risk, and specialty insurance, enhancing its client service depth and expanding advisory-driven distribution across regional markets.

The insurance brokers and agents market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue ($Bn), from 2022 to 2035, for the following segments:

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Market, By Business Type

• Retail Brokerage
• Wholesale Brokerage

Market, By Insurance Type

• Life Insurance
• Health Insurance
• Property & Casualty Insurance
  • Auto
  • Home
  • Commercial
  • Cyber Liability
  • Others

Market, By End Use

• Individual
• Corporate

Market, By Distribution Channel

• Offline
• Online

The above information is provided for the following regions and countries:

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Belgium
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Philippines
  • Indonesia
• Latin America
  • Brazil
  • Mexico
  • Argentina

• MEA   
  • South Africa
  • Saudi Arabia
  • UAE