Learn about the global insurance brokers market through The Business Research Company, which provides information on insurance brokers market size, insurance brokers market drivers and restraints, insurance brokers market players, the COVID-19 impact on the insurance brokers market, and more.

The global insurance brokers market size is expected to grow from $90.52 billion in 2021 to $97.46 billion in 2022 at a compound annual growth rate (CAGR) of 7.7%. The global insurance broker market size is expected to grow to $122.69 billion in 2026 at a CAGR of 5.9%.

The increasing demand for insurance policies is expected to fuel the growth of the insurance brokers market over the coming years.

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The insurance brokers market consists of sales of insurance policies by entities (organizations, sole traders, and partnerships) that act as intermediaries (i.e., agents or brokers) in selling annuities and insurance policies. Only goods and services traded between entities or sold to end consumers are included.

Global Insurance Brokers Market Segments Include:
By Type: Life Insurance, General Insurance, Health Insurance, Others

By Mode: Offline, Online

By End-User: Corporate, Individual

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the insurance brokers market in 2021.

The integration of AI in the insurance sector is a key trend gaining popularity in the insurance brokers market. The AI and human creativity combined power integrate the Intelligent Broker, an automation program for the insurance industry. Brokers will be able to resolve complicated obstacles, produce innovative products and services, and join or build new markets. In addition to this, AI in the insurance industry will improve customer service and prevent customers from fraud.

TBRC’s insurance brokers market report covers:

Major Market Players: Aon Plc, Arthur J. Gallagher & Co, BB&T Corp., Brown & Brown Insurance Inc., HUB International Ltd., Marsh & McLennan Companies Inc., NFP Corp., Willis Towers Watson Plc, Wells Fargo Insurance Services, and Meadowbrook Insurance Group.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Insurance Brokers Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides insurance brokers market overviews, analyzes and forecasts market size, share, insurance brokers market players, insurance brokers market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s insurance brokers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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Insurance Brokers & Agents Global Market Report 2022

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