Insurance Brokerage market was valued at USD 105.85 Bn in 2023 and is expected to reach USD 155.75 Bn by 2030, at a CAGR of 5.67 % during the forecast period. Definition: Insurance brokerage is a business, which act as an intermediate between insurance companies and clients. It helps to individuals and businesses to find insurance policies by comparing services and process from different insurers.Insurance Brokerage Market Overview:
The insurance brokerage industry is an expanding sector of the global insurance industry. The key players operating in the insurance brokerage market assists as a mediator between insurance companies and clients, simplifying the intricate insurance industry for both individuals and businesses. The insurance brokerage market growth is driven by the factors like awareness of insurance products, the requirement for risk management and regulatory changes. Insurance brokers are offering various services like risk assessment, policy selection, policy administration, claims assistance and risk management consulting to clients. Insurance brokers are focusing to provide customised insurance solutions from multiple providers by faithfully collaborating with their clients to understand their specific insurance requirements. Brokers are differentiating themselves by providing a personalised coverage solution, which encounters customer requirements.To know about the Research Methodology :- Request Free Sample Report Digital platforms are offering customers easy access to compare and buy insurance policies, and producing new competition for traditional brokers. Insurance brokers are expected to follow specific regulations in each country or region. The licencing and compliance requirements are necessary to ensure consumer protection, transparency and principled conduct. Regulations are assisting to maintain insurance brokerage market integrity and safeguard customer interests in the insurance industry. Tech innovations and digitalization are shifting insurance brokerage to improve their operations and customer experience. The rising insurance awareness and penetration are driving significant growth in global the insurance brokerage market. The development of innovative technologies like blockchain and smart contracts are presenting additional layers of difficulty and uncertainty to the regulatory landscape. Insurers are collaborating closely with regulatory supervisors to establish clear guidelines and frameworks for the usage of technologies in insurance operations. The dynamic regulatory landscape is expected to present key opportunities for insurance brokerages to impact technology and digitalization to recover operational efficiency and boost customer experiences.
The Middle East and Africa (MEA) region has witnessed a prominent modification of industry verticals, which is leading to a high demand for focused insurance brokerage services. The MEA region is now experiencing rapid integration of insurance in the applications area like technology, healthcare, construction, and tourism. The government initiatives, technological advancements, and consumer preferences for insurance policies are some of the prominent factors, which are expected to boost the insurance brokerage services in Middle East & Africa. The insurance brokerage market report has covered the size and forecast growth rate by region in detailed with country market data like North America (US, Canada and Mexico), Europe (UK, Italy, Germany, France, Spain, Austria, Russia, and rest of Europe), Asia Pacific (China, India, Japan, South Korea, Australia and rest of APAC), Middle East & Africa (South Africa, GCC and rest of middle east and Africa) and South America (Brazil, Argentina and rest of South America).
Insurance Brokerage Market Dynamics:
The global insurance brokerage market growth is driven by factors like risk landscapes, technological advancements, and shifting consumer necessities related to insurance. The insurance brokerage industry has witnessed significant digital transformation. The technological developments, consumer insurance requirements, and evolving risks like climate change and cybersecurity threats are expected to drive insurance brokerage market growth. Many insurers are prioritizing digital transformation across their value chain, and leveraging innovative technologies like data analytics to recover product development, supply channels, and backing processes. Digital Evolution is expected to reshape Insurance Brokerage Market. Online and mobile platforms are permitting customers to easily access insurance quotes, strategy details and claims processing. Brokers are utilising digital data analytics, artificial intelligence and automation to improve efficiency to offer customised insurance solutions based on individual risk profiles. Insurtech startups are disrupting traditional brokerage practises with advanced technologies and business models. Startups are adopting digital platforms and innovative analytics technologies to deliver efficient and user-friendly insurance solutions. The rapid evolution of digital technologies is reshaping the insurance brokerage landscape. An integration of artificial intelligence (AI), mobile applications platforms, and online portals are increasing operational efficiency and driving customer engagement. The North American insurance brokerage landscape is evolving because of expedited digital transformation. Insurance brokers are providing an AI-powered algorithms to streamline processes like underwriting and claims processing. The mobile apps and online portals are expected to offer convenient platforms for consumers to research, purchase, and manage insurance policies. The investments in digital technologies, coupled with targeted advertising expenditures on mobile app is expected to drive the market growth. Many insurance brokers are adopting to focus the client preferences of tech-savvy consumers. The integration of Environmental, Social, and Governance principles are expected to reshape the insurance brokerage market in, which is reflecting a wider global trend towards sustainable investing.The Cloud Adoption is expected to drive Insurance Brokerage Market. Cloud adoption is rapidly transforming the landscape of the insurance brokerage market. The cloud adoption is promising to reduce operating costs, which is a vital consideration in a competitive market. Many insurers are streamlining data management, automated workflows by leveraging cloud infrastructure. It empowers insurers to reply swiftly to market demands. The global insurance brokerage market has witnessed a deep transformation, which is driven by the high adoption of cloud technology. The implementation of tech-centric solutions and customer experiences are expected to boost the demand for cloud-based adoption. A shift towards a more customer-centric business model, integration of advanced technology adoption and cultural modifications in companies to minimalize siloed interactions are some of the prominent factors, which are expected to boost the insurance brokerage market growth. In 2023, the cloud adoption level of organizational data in India experienced a significant surge, with adoption rates reaching an impressive 78%, reflecting a broader trend across the Asia Pacific region. Cloud technology has played a key role in empowering insurance brokers to influence data more effectively, simplifying streamlined operations, improved analytics, and enhanced decision-making processes. The scalability and accessibility offered by cloud-based platforms are encouraging brokers to handle and manage services to clients. Strategic Insurtech partnerships between key players are transforming the insurance brokerage market. Strategic insurtech partnerships are transmuting the insurance brokerage market, which is marking it an important shift towards innovation and adaptability. Blockchain technology is expected to reform the insurance industry by facilitating real-time data processing, secure data transfer, and improved operational efficiency. The traditional insurance firms are partnering with InsurTech companies to exploit on emerging technologies, adoptive innovation, and meet the various requirements of customers. The partnerships are offering mutual benefits, which is empowering traditional insurers to influence the expertise and technological capabilities. Many InsurTech firms are assisting tech companies with access to larger customer bases. Strategic partnerships in the InsurTech are catalyzing a transformative shift in the insurance brokerage market. The Fintech Times and Dikla Wagner from Munich Re are instrumental in development of agility and addressing emerging market requirements. Innovative solutions are propelling in the forefront of the insurance landscape. insurance companies are embracing digital transformation initiatives and exploring new distribution strategies. The strategic partnerships and distribution channels are playing an essential role in driving the insurance brokerage market across the diverse landscape of Asia Pacific. In China, non-life insurance players are collaborating with e-commerce giants like JD and technology-enabled healthcare platforms like WeDoctor to tap into expansive customer bases. Regulators are placing increasing scrutiny on new insurance services, which is expected to limit the Insurance Brokerage Market Growth. The stringent licensing requirements dictate the entry barriers for new players, shaping market competitiveness. Consumer protection laws ensure fair and transparent dealings, fostering trust and credibility within the market. Regulators are placing increasing scrutiny on new insurance products and services, particularly those delivered online or via mobile platforms. Shifts in regulatory frameworks, introduction of new legislation, or legal actions amplify compliance hurdles and operational expenses. The regulatory changes significantly impact intermediaries, particularly smaller firms serving retail clients, as they grapple with heightened compliance costs and risks. The stringent regulations, especially regarding remuneration, require intermediaries to navigate intricate legal requirements while upholding customer relationships and profitability.
Insurance Brokerage Market Segment Analysis
Based on Product, the insurance brokerage market is segmented into property and casualty insurance, life and health insurance, specialty insurance and others. Property and Casualty insurance is an insurance, which includes services related to property damage and liability risks, commercial property and general liability insurance. Life and health insurance products include life, health and medical requirements like life, health and disability insurance. Specialty insurance is an insurance, which is related to markets and specific risks like cyber insurance and professional indemnity insurance. Property and Casualty Insurance held the dominant position in the insurance brokerage market with a value of USD 46929.17 Mn in 2023. The property and casualty insurance segment are expected to grow at a 5.59% rate of CAGR during the forecast period. It includes a number of clients from individuals, businesses to a broader customer base for brokers. Property damage and liability risks are expected to boost the demand for property and casualty insurance. By customers, the insurance brokerage market is segmented into individuals and families, small and medium-sized enterprises (smes) and large corporations and institutions. The small and medium-sized enterprises segment held the dominant position in the insurance brokerage market with a value of USD 41440.98 Mn in 2023. The presence of the number of small and medium-sized enterprises are expected to drive the adoption of insurance brokerage. Many small and medium-sized enterprises are requiring a variety of insurance covers like property and casualty insurance, life and health insurance and specialty insurance. By Distribution Channel, the insurance brokerage market is segmented into retail brokerage and wholesale and reinsurance brokerage. The retail brokerage held the dominant share in the insurance brokerage market with a value of USD 73699.44 Mn in 2023. It has direct contact with individual and small business clients that helps to build personal relationships and development loyalty. The retail brokerage service is expected to offer range of insurance products, which are expected to assist to fulfil client requirements. They have a high volume of transactions because of the presence of high number of the individual and small business clients. By End User, the insurance brokerage market is segmented into healthcare, manufacturing, construction, automotive and others. Healthcare sector held the dominant position in 2023 with a value of 29002.77 Mn. It is expected to grow at a 5.69% CAGR during the forecast period. The manufacturing sector held second dominant position in the insurance brokerage market with a value of 24397.75 Mn. The healthcare industry is focus to stringent rules and compliance requirements, which is making insurance brokerage services important for risk management. Hospitals, medical equipment, and pharmaceuticals are requiring high capital investment, which is expected to drive the need for insurance coverage. Innovative healthcare technologies and treatments are expected to increase the high risk, which also require specialized insurance solutions.Insurance Brokerage Market Regional Insight
North America held the dominant position in the global insurance brokerage market in 2023 with a value of USD 50014.71 Mn. The insurance brokers are reshaping the landscape of the insurance brokerage market in the US. The insurance brokers are expected to remain highly relevant despite the growing prominence of direct-to-customer models, as many end-insureds still depend on brokers, who helps to navigate complex insurance markets. Alera Group has aimed to strengthen its presence in the Northwest and Southeast regions, that helps to enhance its current offerings in insurance and financial service. In the United States, insurance brokers are propelling the insurance brokerage market forward by leveraging strong financial backing to drive growth and innovation in the insurance industry. According to Maximize Market Research, with 8,500 insurance customers across the life and property and casualty (P&C) segments, the key role of customer experience (CX) emerges as a key player for success.. In the US 10,000 people turn 65 every day for the next 10 years. Life and health insurers recognize both the huge potential upside and downside risks in these demographic shifts. Stringent EU regulations like the general data protection regulation (GDPR) and the insurance distribution directive (IDD) are key drivers, which are shaping the landscape of insurance brokerage in Europe. The strict regulations are imposing severe data protection measures and transparency requirements on insurance mediators, and also safeguarding compliance. Under the IDD, ancillary insurance intermediaries are mandated to register in their home EEA member states. The IDD regime covers to many market participants selling insurance products on an ancillary basis, requiring a thorough assessment of registration obligations for businesses engaging in insurance distribution activities.Global Insurance Brokerage Market Competitive Insight: The insurance brokerage market features a competitive landscape characterized by the presence of various players, including global insurance brokerage firms, regional and national brokers, niche specialists and Insurtech companies. Insurtech firms like Policy genius, Oscar Insurance and Lemonade focus on enhancing the customer experience, streamlining insurance processes and providing digital tools for insurance purchasing and management. Many firms are destructively competing for insurance brokerage market share that leads to highly competitive rivalry. Building and maintaining strong client relationships is a serious feature of success in the insurance brokerage sector. The process of gaining the confidence of clients is steady and it needs a proven track record for key players operating in the insurance brokerage market. New entrants are expected to struggle to achieve cost efficiencies primarily, it is expected to impact on their competitiveness. Additionally, the cost of establishing and maintaining operations are a significant barrier for new entrance key players operating in the insurance brokerage market. AIG has introduced AIG.com website alongside a reimagined myAIG Broker Portal, marking a key moment in reshaping the North American insurance brokerage landscape.
Insurance Brokerage Market Scope: Inquire before buying
Insurance Brokerage Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 105.85 Bn. Forecast Period 2024 to 2030 CAGR: 5.67% Market Size in 2030: US $ 155.75 Bn. Segments Covered: by Product Property and Casualty Insurance Life and Health Insurance Specialty Insurance Others by Services Risk Assessment and Management Insurance Placement and Policy Selection Claims Processing and Management Consulting and Advisory Services Others by Distribution Channel t Retail Brokerage Wholesale and Reinsurance Brokerage by Customers Individuals and Families Small and Medium-sized Enterprises (SMEs) Large Corporations and Institutions by Industry Verticals Healthcare Manufacturing Construction Automotive Others Insurance Brokerage Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argetina and Rest of South America)Leading Insurance Brokerage Key Players include:
1. Aon plc (United States) 2. Marsh & McLennan Companies, Inc. (United States) 3. Willis Towers Watson (United States) 4. Arthur J. Gallagher & Co. (United States) 5. Hub International Ltd. (United States) 6. Brown & Brown, Inc (United States) 7. Lockton Companies, LLC (United States) 8. Gallagher Bassett Services, Inc. (United States) 9. Integro Insurance Brokers (United States) 10. USI Insurance Services LLC (United States) 11. The Hylant Group (United States) 12. AssuredPartners, Inc. (United States) 13. Oswald Companies (United States) 14. Jardine Lloyd Thompson Group Ltd. (United Kingdom) 15. Ed Broking Group Ltd. (United Kingdom) 16. BMS Group Ltd. (United Kingdom) 17. JLT Specialty Limited (United Kingdom) 18. Bluefin Insurance Services Limited (United Kingdom) 19. Al Futtaim Willis (UAE) 20. Howden Insurance Brokers (South Africa) 21. Alexander Forbes Group Holdings Limited (South Africa) 22. AJG International B.V. (South Africa) 23. Griffiths & Armour (South Africa) Frequently asked Questions: 1] What segments are covered in the Global Insurance Brokerage Market report? Ans. The segments covered in the Insurance Brokerage Market report are based Product, Services, Distribution Channel, Customers, Industry Verticals, and Region. 2] Which region is expected to hold the highest share in the Global Insurance Brokerage Market? Ans. The North America region is expected to hold the highest share in the Insurance Brokerage Market. 3] How is technology impacting the insurance brokerage market? Ans: Technology is playing a transformative role in the insurance brokerage market. Insurtech innovations are streamlining processes, enhancing customer experiences, enabling digital interactions and providing data analytics tools for risk assessment and management. 4] What are the trends shaping the insurance brokerage market? Ans: Key trends include the rise of insurtech startups, the increasing demand for specialized insurance solutions, the adoption of digital platform 5] What was the market size of the Global Insurance Brokerage Market in 2023? Ans. The market size of the Insurance Brokerage Market in 2023 was valued at US$ 105.85 Bn.
1. Insurance Brokerage Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Insurance Brokerage Market: Dynamics 2.1. Insurance Brokerage Market Trends by Region 2.1.1. Global Insurance Brokerage Market Trends 2.1.2. North America Insurance Brokerage Market Trends 2.1.3. Europe Insurance Brokerage Market Trends 2.1.4. Asia Pacific Insurance Brokerage Market Trends 2.1.5. Middle East and Africa Insurance Brokerage Market Trends 2.1.6. South America Insurance Brokerage Market Trends 2.2. Insurance Brokerage Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Insurance Brokerage Market Drivers 2.2.1.2. North America Insurance Brokerage Market Restraints 2.2.1.3. North America Insurance Brokerage Market Opportunities 2.2.1.4. North America Insurance Brokerage Market Challenges 2.2.2. Europe 2.2.2.1. Europe Insurance Brokerage Market Drivers 2.2.2.2. Europe Insurance Brokerage Market Restraints 2.2.2.3. Europe Insurance Brokerage Market Opportunities 2.2.2.4. Europe Insurance Brokerage Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Insurance Brokerage Market Drivers 2.2.3.2. Asia Pacific Insurance Brokerage Market Restraints 2.2.3.3. Asia Pacific Insurance Brokerage Market Opportunities 2.2.3.4. Asia Pacific Insurance Brokerage Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Insurance Brokerage Market Drivers 2.2.4.2. Middle East and Africa Insurance Brokerage Market Restraints 2.2.4.3. Middle East and Africa Insurance Brokerage Market Opportunities 2.2.4.4. Middle East and Africa Insurance Brokerage Market Challenges 2.2.5. South America 2.2.5.1. South America Insurance Brokerage Market Drivers 2.2.5.2. South America Insurance Brokerage Market Restraints 2.2.5.3. South America Insurance Brokerage Market Opportunities 2.2.5.4. South America Insurance Brokerage Market Challenges 2.3. PORTER’s Five Power Sources Analysis 2.4. PESTLE Analysis 2.5. Value Chain Analysis 2.6. Regulatory Landscape by Region 2.6.1. Global 2.6.2. North America 2.6.3. Europe 2.6.4. Asia Pacific 2.6.5. Middle East and Africa 2.6.6. South America 2.7. Key Opinion Leader Analysis For Insurance Brokerage Market Industry Verticals 2.8. Analysis of Government Schemes and Initiatives For Insurance Brokerage Market Industry Verticals 2.9. The Global Pandemic Impact on Insurance Brokerage Market 2.10. Insurance Brokerage Market Price Trend Analysis (2022-23) 3. Insurance Brokerage Market: Global Market Size and Forecast by Segmentation (by Value) (2023-2030) 3.1. Insurance Brokerage Market Size and Forecast, By Product (2023-2030) 3.1.1. Property and Casualty Insurance 3.1.2. Life and Health Insurance 3.1.3. Specialty Insurance 3.1.4. Others 3.2. Insurance Brokerage Market Size and Forecast, By Services (2023-2030) 3.2.1. Transmission Substation 3.2.2. Distribution Substation 3.3. Insurance Brokerage Market Size and Forecast, By Distribution Channel (2023-2030) 3.3.1. Retail Brokerage 3.3.2. Wholesale and Reinsurance Brokerage 3.4. Insurance Brokerage Market Size and Forecast, By Customers (2023-2030) 3.4.1. Individuals and Families 3.4.2. Small and Medium-sized Enterprises (SMEs) 3.4.3. Large Corporations and Institutions 3.5. Insurance Brokerage Market Size and Forecast, By Industry Verticals (2023-2030) 3.5.1. Healthcare 3.5.2. Manufacturing 3.5.3. Construction 3.5.4. Automotive 3.5.5. Others 3.6. Insurance Brokerage Market Size and Forecast, by region (2023-2030) 3.6.1. North America 3.6.2. Europe 3.6.3. Asia Pacific 3.6.4. Middle East and Africa 3.6.5. South America 4. North America Insurance Brokerage Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) (2023-2030) 4.1. North America Insurance Brokerage Market Size and Forecast, By Product (2023-2030) 4.1.1. Property and Casualty Insurance 4.1.2. Life and Health Insurance 4.1.3. Specialty Insurance 4.1.4. Others 4.2. North America Insurance Brokerage Market Size and Forecast, By Services (2023-2030) 4.2.1. Risk Assessment and Management 4.2.2. Insurance Placement and Policy Selection 4.2.3. Claims Processing and Management 4.2.4. Consulting and Advisory Services 4.2.5. Others 4.3. North America Insurance Brokerage Market Size and Forecast, By Distribution Channel (2023-2030) 4.3.1. Retail Brokerage 4.3.2. Wholesale and Reinsurance Brokerage 4.4. North America Insurance Brokerage Market Size and Forecast, By Customers (2023-2030) 4.4.1. Individuals and Families 4.4.2. Small and Medium-sized Enterprises (SMEs) 4.4.3. Large Corporations and Institutions 4.5. North America Insurance Brokerage Market Size and Forecast, By Industry Verticals (2023-2030) 4.5.1. Healthcare 4.5.2. Manufacturing 4.5.3. Construction 4.5.4. Automotive 4.5.5. Others 4.6. North America Insurance Brokerage Market Size and Forecast, by Country (2023-2030) 4.6.1. United States 4.6.1.1. United States Insurance Brokerage Market Size and Forecast, By Product (2023-2030) 4.6.1.1.1. Property and Casualty Insurance 4.6.1.1.2. Life and Health Insurance 4.6.1.1.3. Specialty Insurance 4.6.1.1.4. Others 4.6.1.2. United States Insurance Brokerage Market Size and Forecast, By Services (2023-2030) 4.6.1.2.1. Risk Assessment and Management 4.6.1.2.2. Insurance Placement and Policy Selection 4.6.1.2.3. Claims Processing and Management 4.6.1.2.4. Consulting and Advisory Services 4.6.1.2.5. Others 4.6.1.3. United States Insurance Brokerage Market Size and Forecast, By Distribution Channel (2023-2030) 4.6.1.3.1. Retail Brokerage 4.6.1.3.2. Wholesale and Reinsurance Brokerage 4.6.1.4. United States Insurance Brokerage Market Size and Forecast, By Customers (2023-2030) 4.6.1.4.1.1. Individuals and Families 4.6.1.4.1.2. Small and Medium-sized Enterprises (SMEs) 4.6.1.4.1.3. Large Corporations and Institutions 4.6.1.5. United State Insurance Brokerage Market Size and Forecast, By Industry Verticals (2023-2030) 4.6.1.5.1.1. Healthcare 4.6.1.5.1.2. Manufacturing 4.6.1.5.1.3. Construction 4.6.1.5.1.4. Automotive 4.6.1.5.1.5. Others 4.6.2. Canada 4.6.2.1. Canada Insurance Brokerage Market Size and Forecast, By Product (2023-2030) 4.6.2.1.1. Property and Casualty Insurance 4.6.2.1.2. Life and Health Insurance 4.6.2.1.3. Specialty Insurance 4.6.2.1.4. Others 4.6.2.2. Canada Insurance Brokerage Market Size and Forecast, By Services (2023-2030) 4.6.2.2.1. Risk Assessment and Management 4.6.2.2.2. Insurance Placement and Policy Selection 4.6.2.2.3. Claims Processing and Management 4.6.2.2.4. Consulting and Advisory Services 4.6.2.2.5. Others 4.6.2.3. Canada Insurance Brokerage Market Size and Forecast, By Distribution Channel (2023-2030) 4.6.2.3.1. Retail Brokerage 4.6.2.3.2. Wholesale and Reinsurance Brokerage 4.6.2.4. Canada Insurance Brokerage Market Size and Forecast, By Customers (2023-2030) 4.6.2.4.1.1. Individuals and Families 4.6.2.4.1.2. Small and Medium-sized Enterprises (SMEs) 4.6.2.4.1.3. Large Corporations and Institutions 4.6.2.5. Canada Insurance Brokerage Market Size and Forecast, By Industry Verticals (2023-2030) 4.6.2.5.1.1. Healthcare 4.6.2.5.1.2. Manufacturing 4.6.2.5.1.3. Construction 4.6.2.5.1.4. Automotive 4.6.2.5.1.5. Others 4.6.3. Mexico 4.6.3.1. Mexico Insurance Brokerage Market Size and Forecast, By Product (2023-2030) 4.6.3.1.1. Property and Casualty Insurance 4.6.3.1.2. Life and Health Insurance 4.6.3.1.3. Specialty Insurance 4.6.3.1.4. Others 4.6.3.2. Mexico Insurance Brokerage Market Size and Forecast, By Services (2023-2030) 4.6.3.2.1. Risk Assessment and Management 4.6.3.2.2. Insurance Placement and Policy Selection 4.6.3.2.3. Claims Processing and Management 4.6.3.2.4. Consulting and Advisory Services 4.6.3.2.5. Others 4.6.3.3. Mexico Insurance Brokerage Market Size and Forecast, By Distribution Channel (2023-2030) 4.6.3.3.1. Retail Brokerage 4.6.3.3.2. Wholesale and Reinsurance Brokerage 4.6.3.4. Mexico Insurance Brokerage Market Size and Forecast, By Customers (2023-2030) 4.6.3.4.1.1. Individuals and Families 4.6.3.4.1.2. Small and Medium-sized Enterprises (SMEs) 4.6.3.4.1.3. Large Corporations and Institutions 4.6.3.5. Mexico Insurance Brokerage Market Size and Forecast, By Industry Verticals (2023-2030) 4.6.3.5.1.1. Healthcare 4.6.3.5.1.2. Manufacturing 4.6.3.5.1.3. Construction 4.6.3.5.1.4. Automotive 4.6.3.5.1.5. Others 5. Europe Insurance Brokerage Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) (2023-2030) 5.1. Europe Insurance Brokerage Market Size and Forecast, By Product (2023-2030) 5.2. Europe Insurance Brokerage Market Size and Forecast, By Services (2023-2030) 5.3. Europe Insurance Brokerage Market Size and Forecast, By Distribution Channel (2023-2030) 5.4. Europe Insurance Brokerage Market Size and Forecast, By Customers (2023-2030) 5.5. Europe Insurance Brokerage Market Size and Forecast, By Industry Verticals (2023-2030) 5.6. Europe Insurance Brokerage Market Size and Forecast, by Country (2023-2030) 5.6.1. United Kingdom 5.6.1.1. United Kingdom Insurance Brokerage Market Size and Forecast, By Product (2023-2030) 5.6.1.2. United Kingdom Insurance Brokerage Market Size and Forecast, By Services (2023-2030) 5.6.1.3. United Kingdom Insurance Brokerage Market Size and Forecast, By Distribution Channel (2023-2030) 5.6.1.4. United Kingdom Insurance Brokerage Market Size and Forecast, By Customers (2023-2030) 5.6.1.5. United Kingdom Insurance Brokerage Market Size and Forecast, By Industry Verticals (2023-2030) 5.6.2. France 5.6.2.1. France Insurance Brokerage Market Size and Forecast, By Product (2023-2030) 5.6.2.2. France Insurance Brokerage Market Size and Forecast, By Services (2023-2030) 5.6.2.3. France Insurance Brokerage Market Size and Forecast, By Distribution Channel (2023-2030) 5.6.2.4. France Insurance Brokerage Market Size and Forecast, By Customers (2023-2030) 5.6.2.5. France Insurance Brokerage Market Size and Forecast, By Industry Verticals (2023-2030) 5.6.3. Germany 5.6.3.1. Germany Insurance Brokerage Market Size and Forecast, By Product (2023-2030) 5.6.3.2. Germany Insurance Brokerage Market Size and Forecast, By Services (2023-2030) 5.6.3.3. Germany Insurance Brokerage Market Size and Forecast, By Distribution Channel (2023-2030) 5.6.3.4. Germany Insurance Brokerage Market Size and Forecast, By Customers (2023-2030) 5.6.3.5. Germany Insurance Brokerage Market Size and Forecast, By Industry Verticals (2023-2030) 5.6.3.6. 5.6.4. Italy 5.6.4.1. Italy Insurance Brokerage Market Size and Forecast, By Product (2023-2030) 5.6.4.2. Italy Insurance Brokerage Market Size and Forecast, By Services (2023-2030) 5.6.4.3. Italy Insurance Brokerage Market Size and Forecast, By Distribution Channel (2023-2030) 5.6.4.4. Italy Insurance Brokerage Market Size and Forecast, By Customers (2023-2030) 5.6.4.5. Italy Insurance Brokerage Market Size and Forecast, By Industry Verticals (2023-2030) 5.6.5. Spain 5.6.5.1. Spain Insurance Brokerage Market Size and Forecast, By Product (2023-2030) 5.6.5.2. Spain Insurance Brokerage Market Size and Forecast, By Services (2023-2030) 5.6.5.3. Spain Insurance Brokerage Market Size and Forecast, By Distribution Channel (2023-2030) 5.6.5.4. Spain Insurance Brokerage Market Size and Forecast, By Customers (2023-2030) 5.6.5.5. Spain Insurance Brokerage Market Size and Forecast, By Industry Verticals (2023-2030) 5.6.6. Sweden 5.6.6.1. Sweden Insurance Brokerage Market Size and Forecast, By Product (2023-2030) 5.6.6.2. Sweden Insurance Brokerage Market Size and Forecast, By Services (2023-2030) 5.6.6.3. Sweden Insurance Brokerage Market Size and Forecast, By Distribution Channel (2023-2030) 5.6.6.4. Sweden Insurance Brokerage Market Size and Forecast, By Customers (2023-2030) 5.6.6.5. Sweden Insurance Brokerage Market Size and Forecast, By Industry Verticals (2023-2030) 5.6.7. Austria 5.6.7.1. Austria Insurance Brokerage Market Size and Forecast, By Product (2023-2030) 5.6.7.2. Austria Insurance Brokerage Market Size and Forecast, By Services (2023-2030) 5.6.7.3. Austria Insurance Brokerage Market Size and Forecast, By Distribution Channel (2023-2030) 5.6.7.4. Austria Insurance Brokerage Market Size and Forecast, By Customers (2023-2030) 5.6.7.5. Austria Insurance Brokerage Market Size and Forecast, By Industry Verticals (2023-2030) 5.6.8. Rest of Europe 5.6.8.1. Rest of Europe Insurance Brokerage Market Size and Forecast, By Product (2023-2030) 5.6.8.2. Rest of Europe Insurance Brokerage Market Size and Forecast, By Services (2023-2030) 5.6.8.3. Rest of Europe Insurance Brokerage Market Size and Forecast, By Distribution Channel (2023-2030) 5.6.8.4. Rest of Europe Insurance Brokerage Market Size and Forecast, By Customers (2023-2030) 5.6.8.5. Rest Of Europe Insurance Brokerage Market Size and Forecast, By Industry Verticals (2023-2030) 6. Asia Pacific Insurance Brokerage Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) (2023-2030) 6.1. Asia Pacific Insurance Brokerage Market Size and Forecast, By Product (2023-2030) 6.2. Asia Pacific Insurance Brokerage Market Size and Forecast, By Services (2023-2030) 6.3. Asia Pacific Insurance Brokerage Market Size and Forecast, By Distribution Channel (2023-2030) 6.4. Asia Pacific Insurance Brokerage Market Size and Forecast, By Customers (2023-2030) 6.5. Europe Insurance Brokerage Market Size and Forecast, By Industry Verticals (2023-2030) 6.6. Asia Pacific Insurance Brokerage Market Size and Forecast, by Country (2023-2030) 6.6.1. China 6.6.1.1. China Insurance Brokerage Market Size and Forecast, By Product (2023-2030) 6.6.1.2. China Insurance Brokerage Market Size and Forecast, By Services (2023-2030) 6.6.1.3. China Insurance Brokerage Market Size and Forecast, By Distribution Channel (2023-2030) 6.6.1.4. China Insurance Brokerage Market Size and Forecast, By Customers (2023-2030) 6.6.1.5. China Insurance Brokerage Market Size and Forecast, By Industry Verticals (2023-2030) 6.6.2. S Korea 6.6.2.1. S Korea Insurance Brokerage Market Size and Forecast, By Product (2023-2030) 6.6.2.2. S Korea Insurance Brokerage Market Size and Forecast, By Services (2023-2030) 6.6.2.3. S Korea Insurance Brokerage Market Size and Forecast, By Distribution Channel (2023-2030) 6.6.2.4. S Korea Insurance Brokerage Market Size and Forecast, By Customers (2023-2030) 6.6.2.5. S korea Insurance Brokerage Market Size and Forecast, By Industry Verticals (2023-2030) 6.6.3. Japan 6.6.3.1. Japan Insurance Brokerage Market Size and Forecast, By Product (2023-2030) 6.6.3.2. Japan Insurance Brokerage Market Size and Forecast, By Services (2023-2030) 6.6.3.3. Japan Insurance Brokerage Market Size and Forecast, By Distribution Channel (2023-2030) 6.6.3.4. Japan Insurance Brokerage Market Size and Forecast, By Customers (2023-2030) 6.6.3.5. Japan Insurance Brokerage Market Size and Forecast, By Industry Verticals (2023-2030) 6.6.4. India 6.6.4.1. India Insurance Brokerage Market Size and Forecast, By Product (2023-2030) 6.6.4.2. India Insurance Brokerage Market Size and Forecast, By Services (2023-2030) 6.6.4.3. India Insurance Brokerage Market Size and Forecast, By Distribution Channel (2023-2030) 6.6.4.4. India Insurance Brokerage Market Size and Forecast, By Customers (2023-2030) 6.6.4.5. India Insurance Brokerage Market Size and Forecast, By Industry Verticals (2023-2030) 6.6.5. Australia 6.6.5.1. Australia Insurance Brokerage Market Size and Forecast, By Product (2023-2030) 6.6.5.2. Australia Insurance Brokerage Market Size and Forecast, By Services (2023-2030) 6.6.5.3. Australia Insurance Brokerage Market Size and Forecast, By Distribution Channel (2023-2030) 6.6.5.4. Australia Insurance Brokerage Market Size and Forecast, By Customers (2023-2030) 6.6.5.5. Australia Insurance Brokerage Market Size and Forecast, By Industry Verticals (2023-2030) 6.6.6. Indonesia 6.6.6.1. Indonesia Insurance Brokerage Market Size and Forecast, By Product (2023-2030) 6.6.6.2. Indonesia Insurance Brokerage Market Size and Forecast, By Services (2023-2030) 6.6.6.3. Indonesia Insurance Brokerage Market Size and Forecast, By Distribution Channel (2023-2030) 6.6.6.4. Indonesia Insurance Brokerage Market Size and Forecast, By Customers (2023-2030) 6.6.6.5. Indonesia Insurance Brokerage Market Size and Forecast, By Industry Verticals (2023-2030) 6.6.7. Malaysia 6.6.7.1. Malaysia Insurance Brokerage Market Size and Forecast, By Product (2023-2030) 6.6.7.2. Malaysia Insurance Brokerage Market Size and Forecast, By Services (2023-2030) 6.6.7.3. Malaysia Insurance Brokerage Market Size and Forecast, By Distribution Channel (2023-2030) 6.6.7.4. Malaysia Insurance Brokerage Market Size and Forecast, By Customers (2023-2030) 6.6.7.5. Malaysia Insurance Brokerage Market Size and Forecast, By Industry Verticals (2023-2030) 6.6.8. Rest of Asia Pacific 6.6.8.1. Rest of Asia Pacific Insurance Brokerage Market Size and Forecast, By Product (2023-2030) 6.6.8.2. Rest of Asia Pacific Insurance Brokerage Market Size and Forecast, By Services (2023-2030) 6.6.8.3. Rest of Asia Pacific Insurance Brokerage Market Size and Forecast, By Distribution Channel (2023-2030) 6.6.8.4. Rest of Asia Pacific Insurance Brokerage Market Size and Forecast, By Customers (2023-2030) 6.6.8.5. Rest of Asia Pacific Insurance Brokerage Market Size and Forecast, By Industry Verticals (2023-2030) 7. Middle East and Africa Insurance Brokerage Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) (2023-2030 7.1. Middle East and Africa Insurance Brokerage Market Size and Forecast, By Product (2023-2030) 7.2. Middle East and Africa Insurance Brokerage Market Size and Forecast, By Services (2023-2030) 7.3. Middle East and Africa Insurance Brokerage Market Size and Forecast, By Distribution Channel (2023-2030) 7.4. Middle East and Africa Insurance Brokerage Market Size and Forecast, By Customers (2023-2030) 7.5. Middle East and Africa Insurance Brokerage Market Size and Forecast, By Industry Verticals (2023-2030) 7.6. Middle East and Africa Insurance Brokerage Market Size and Forecast, by Country (2023-2030) 7.6.1. South Africa 7.6.1.1. South Africa Insurance Brokerage Market Size and Forecast, By Product (2023-2030) 7.6.1.2. South Africa Insurance Brokerage Market Size and Forecast, By Services (2023-2030) 7.6.1.3. South Africa Insurance Brokerage Market Size and Forecast, By Distribution Channel (2023-2030) 7.6.1.4. South Africa Insurance Brokerage Market Size and Forecast, By Customers (2023-2030) 7.6.1.5. South Africa Insurance Brokerage Market Size and Forecast, By Industry Verticals (2023-2030) 7.6.2. GCC 7.6.2.1. GCC Insurance Brokerage Market Size and Forecast, By Product (2023-2030) 7.6.2.2. GCC Insurance Brokerage Market Size and Forecast, By Services (2023-2030) 7.6.2.3. GCC Insurance Brokerage Market Size and Forecast, By Distribution Channel (2023-2030) 7.6.2.4. GCC Insurance Brokerage Market Size and Forecast, By Customers (2023-2030) 7.6.2.5. GCC Insurance Brokerage Market Size and Forecast, By Industry Verticals (2023-2030) 7.6.3. Rest of ME&A 7.6.3.1. Rest of ME&A Insurance Brokerage Market Size and Forecast, By Product (2023-2030) 7.6.3.2. Rest of ME&A Insurance Brokerage Market Size and Forecast, By Services (2023-2030) 7.6.3.3. Rest of ME&A Insurance Brokerage Market Size and Forecast, By Distribution Channel (2023-2030) 7.6.3.4. Rest of ME&A Insurance Brokerage Market Size and Forecast, By Customers (2023-2030) 7.6.3.5. Rest of ME&A Insurance Brokerage Market Size and Forecast, By Industry Verticals (2023-2030) 8. South America Insurance Brokerage Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) (2023-2030 8.1. South America Insurance Brokerage Market Size and Forecast, By Product (2023-2030) 8.2. South America Insurance Brokerage Market Size and Forecast, By Services (2023-2030) 8.3. South America Insurance Brokerage Market Size and Forecast, By Distribution Channel (2023-2030) 8.4. South America Insurance Brokerage Market Size and Forecast, By Customers (2023-2030) 8.5. South America Insurance Brokerage Market Size and Forecast, By Industry Verticals (2023-2030) 8.6. South America Insurance Brokerage Market Size and Forecast, By End User (2023-2030) 8.7. South America Insurance Brokerage Market Size and Forecast, by Country (2023-2030) 8.7.1. Brazil 8.7.1.1. Brazil Insurance Brokerage Market Size and Forecast, By Product (2023-2030) 8.7.1.2. Brazil Insurance Brokerage Market Size and Forecast, By Services (2023-2030) 8.7.1.3. Brazil Insurance Brokerage Market Size and Forecast, By Distribution Channel (2023-2030) 8.7.1.4. Brazil Insurance Brokerage Market Size and Forecast, By Customers (2023-2030) 8.7.1.5. Brazil Insurance Brokerage Market Size and Forecast, By Industry Verticals (2023-2030) 8.7.2. Argentina 8.7.2.1. Argentina Insurance Brokerage Market Size and Forecast, By Product (2023-2030) 8.7.2.2. Argentina Insurance Brokerage Market Size and Forecast, By Services (2023-2030) 8.7.2.3. Argentina Insurance Brokerage Market Size and Forecast, By Distribution Channel (2023-2030) 8.7.2.4. Argentina Insurance Brokerage Market Size and Forecast, By Customers (2023-2030) 8.7.2.5. Argentina Insurance Brokerage Market Size and Forecast, By Industry Verticals (2023-2030) 8.7.3. Rest Of South America 8.7.3.1. Rest Of South America Insurance Brokerage Market Size and Forecast, By Product (2023-2030) 8.7.3.2. Rest Of South America Insurance Brokerage Market Size and Forecast, By Services (2023-2030) 8.7.3.3. Rest Of South America Insurance Brokerage Market Size and Forecast, By Distribution Channel (2023-2030) 8.7.3.4. Rest of South America Insurance Brokerage Market Size and Forecast, By Customers (2023-2030) 8.7.3.5. Rest of South America Insurance Brokerage Market Size and Forecast, By Industry Verticals (2023-2030) 9. Global Insurance Brokerage Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Product Segment 9.3.3. End-user Segment 9.3.4. Revenue (2023) 9.4. Leading Insurance Brokerage Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. Aon plc (United States) 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Recent Developments 10.2. Marsh & McLennan Companies, Inc. (United States) 10.3. Willis Towers Watson (United States) 10.4. Arthur J. Gallagher & Co. (United States) 10.5. Hub International Ltd. (United States) 10.6. Brown & Brown, Inc. (United States) 10.7. Lockton Companies, LLC (United States) 10.8. Gallagher Bassett Services, Inc. (United States) 10.9. Integro Insurance Brokers (United States) 10.10. USI Insurance Services LLC (United States) 10.11. The Hylant Group (United States) 10.12. AssuredPartners, Inc. (United States) 10.13. Oswald Companies (United States) 10.14. Jardine Lloyd Thompson Group Ltd. (United Kingdom) 10.15. Ed Broking Group Ltd. (United Kingdom) 10.16. BMS Group Ltd. (United Kingdom) 10.17. JLT Specialty Limited (United Kingdom) 10.18. Bluefin Insurance Services Limited (United Kingdom) 10.19. Al Futtaim Willis (UAE) 10.20. Howden Insurance Brokers (South Africa) 10.21. Alexander Forbes Group Holdings Limited (South Africa) 10.22. AJG International B.V. (South Africa) 10.23. Griffiths & Armour (South Africa) 11. Key Findings 12. Industry Verticals Recommendations 13. Insurance Brokerage Market: Research Methodology 14. Terms and Glossary
