Financial Services

Insights Into The Insurance Agencies Market’s Growth Opportunities Through 2023-2032 – Includes Insurance Agencies Market Growth

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032


Increased awareness about the benefits of insurance coverage are expected to drive innovation in insurance agencies manufacturing, thus driving the market during the forecast period.


The global insurance agencies market is expected to grow from $125.59 billion in 2022 to $132.27 billion in 2023 at a compound annual growth rate (CAGR) of 5.3%. The global insurance agencies market is expected to grow to $156.46 billion in 2027 at a CAGR of 4.3%.


Get A Free Sample On The Global Insurance Agencies Market Report:


Global Insurance Agencies Market Segments Include:

  • By Insurance: Life Insurance, Property And Casualty Insurance, Health And Medical Insurance, Other Insurance
  • By Mode: Online, Offline
  • 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 is the largest region in the global insurance agencies market in 2021.


Major Market Players in the insurance agencies market include McGriff Insurance Services, Marsh & McLennan Agency LLC., Aon PLC., Brown & Brown Insurance Inc., HUB International Ltd., and USI Insurance Services.


Introduction to technology-enabled services and platforms is a leading trend in the insurance agencies market. Insurance and technology companies are assisting insurance agencies by developing technology-enabled services and platforms for enhancing smooth customer experience and versatility. For instance, April 2020, Aureus Analytics, an artificial intelligence technology company, partnered with HawkSoft to help independent insurance agents understand better how well their agency serves the insured. Furthermore, in October 2021, a digital asset financial services platform called BVNK was launched which would make crypto financial services more accessible to the patients.


The Insurance Agencies Global Market Report 2023  provides a insurance agencies market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The insurance agencies market forecast analyzes insurance agencies market size, insurance agencies market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.


An insurance agency is a business or individual authorized by an insurance company to sell their insurance products on their behalf. They find, write, and bind policies between their clients and insurance companies.


Explore Similar Reports From The Business Research Company:

Insurance Brokers Global Market Report 2023

Insurance Global Market Report 2023

Insurance (Providers, Brokers And Re-Insurers) Global Market Report 2023


Learn More About The Business Research Company

The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.


Contact us at:
The Business Research Company:
+1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at

Follow us on:

Global Market Model:

Found this article helpful? Share it on:

Leave a Reply

Your email address will not be published. Required fields are marked *