Insurance Brokers & Agents Market Report 2025: Analyzes Growth By Type (Agencies, Insurance Brokers, Bancassurance, Other), Insurance, Mode, End User And Region

(MENAFN- GlobeNewsWire - Nasdaq) Key market opportunities include leveraging digital technologies like AI for efficiency and cost reduction, expanding in emerging markets with rising middle-class demand, and forming strategic partnerships to enhance distribution

Dublin, Sept. 12, 2025 (GLOBE NEWSWIRE) -- The "Insurance Brokers & Agents Market Report 2025" has been added to ResearchAndMarkets's offering.

The global insurance brokers and agents market has experienced robust expansion and is projected to continue its upward trajectory. The market is set to grow from $467.3 billion in 2024 to $496.31 billion in 2025 at a CAGR of 6.2%, driven by economic growth in emerging markets, rising healthcare costs, and insurance reforms. By 2029, the market size is expected to reach $636.99 billion, with a CAGR of 6.4%, reflecting increased demand in chronic disease management, middle-class expansion, and COVID-19's lingering effects.

Key trends involve the integration of AI, strategic collaborations, and moves towards digital transformation. The adoption of digital insurance portals and platforms is becoming vital, demonstrated by companies like Marsh & McLennan and Aon. Digitalization not only boosts sales but also improves efficiency, with 39% of agencies offering online services, and 78% leveraging social media to reach new clients.

The forecast reflects a slight reduction in growth due to global trade tensions, particularly US tariffs, impacting technology import costs and commission margins. These economic conditions necessitate the diversification and digital acceleration of market players to mitigate risks and maintain profitability.

Innovation remains central, as seen with platforms like Willis Towers Watson's Neuron, an advanced trading solution that enhances the connection between brokers and insurers, optimizing insurance processes. Moreover, partnerships like Bold Penguin's collaboration with Darkhorse Insurance Services exemplify industry efforts to streamline operations and enhance commercial insurance agent capabilities through digital solutions.

The market's dynamic nature is further highlighted by leading companies such as Arthur J Gallagher and Truist Insurance Holdings, which are embracing technological advancements and pursuing strategic mergers and acquisitions. These entities are continually adapting to provide enhanced products and services, addressing an increasing market demand for innovative insurance solutions.

Geographically, North America leads the market, followed by Western Europe, with significant growth opportunities in regions such as Asia-Pacific and South America. The major countries driving market activity include the USA, China, India, and several European nations, reflecting a broad geographic spread of opportunities.

Report Scope

The report delves into the largest and fastest-growing markets for insurance brokers and agents, analyzing their relationship with broader economic and demographic dynamics. It explores the impact of technological disruptions, regulatory changes, and shifting consumer preferences on the market. This comprehensive global report addresses these inquiries and more, providing insights into market characteristics, size, growth, segmentation, competitive landscape, and trends.

Markets Covered:

• Type: Insurance Agencies, Insurance Brokers, Bancassurance, Other Intermediaries
• Insurance: Life, Property & Casualty, Health & Medical
• Mode: Online, Offline
• End User: Corporate, Individual

Subsegments:

• Insurance Agencies: Captive, Independent
• Insurance Brokers: Retail, Wholesale

Key Companies Profiled: Marsh & McLennan Cos Inc, Aon PLC, Arthur J Gallagher & Co, Willis Towers Watson PLC, Brown & Brown Inc., and others.

Countries and Regions: Includes comprehensive data on markets across continents and regions such as Asia-Pacific, Western and Eastern Europe, North and South America, Middle East, and Africa.

Data and Time Series: Encompasses five years of historical data with forecasts spanning ten years, offering a deep dive into market sizes, GDP correlations, expenditure per capita, and competitive benchmarks.

Key Attributes

Report Attribute	Details
No. of Pages	250
Forecast Period	2025-2029
Estimated Market Value (USD) in 2025	$496.31 Billion
Forecasted Market Value (USD) by 2029	$636.99 Billion
Compound Annual Growth Rate	6.4%
Regions Covered	Global

The companies featured in this Insurance Brokers & Agents market report include:

• Marsh & McLennan Cos Inc
• Aon PLC
• Arthur J Gallagher & Co
• Willis Towers Watson PLC
• Brown & Brown Inc.
• Truist Insurance Holdings Inc.
• Lockton Companies Inc
• Acrisure LLC
• USI Insurance Services LLC
• HUB International Limited
• Beacon Insurance Brokers Pvt. Ltd.
• Urjita Insurance Brokers Pvt. Ltd.
• Mahindra Insurance Brokers Limited
• EFFICIENT Insurance Brokers Pvt. Ltd.
• VIBHUTI INSURANCE BROKERS PVT. LTD.
• UNISON Insurance Broking Services Pvt. Ltd.
• UIB Insurance Brokers Private Limited
• MGA Insurance Brokers
• Mega Capital
• Roderick Insurance Brokers
• Unity Insurance Brokers
• Insurance Advisernet Australia
• Fanhua Inc.
• Chang'an Insurance Brokers Co., Ltd.
• Mintaian Insurance Surveyors & Loss Adjusters Group Co., Ltd.
• Shenzhen Huakang Insurance Agency Co., Ltd.
• Union Insurance Broker Co., Ltd.
• JiangTai Insurance Broker Co. Ltd.
• Air Union Insurance Brokers Co. Ltd.
• Huatai Insurance Agency & Consultant Service Ltd.
• Willis Insurance Brokers Co. Ltd.
• Lloyd's of London Limited (UK)
• Funk Gruppe GmbH
• Ecclesia Holding GmbH
• Insurance Brokers LLC
• MAI Insurance Brokers Poland Sp. z o.o.
• Meijers Assurantien B.V.
• International Insurance Brokers s.r.o.
• Arthur J. Gallagher
• Lockton Inc.
• Alliant Insurance Services, Inc.
• NFP Corp.
• Assured Partners Inc.
• CBIZ, Inc.
• Canadian Insurance Brokers Inc.
• iCare Insurance Brokers
• ALIGNED Insurance Inc.
• Novamar Insurance Mexico
• JAH Insurance Brokers Corp
• THB MEXICO, Intermediario de Reaseguro, S.A. de C.V.
• TTMS Argentina S.A.
• 123Seguro
• Insur Insurance Company S.A.
• SRC Brokers
• Lockton Brasil Corretora de Seguros Ltda
• Uai Brazil Insurance Broker
• ALC Corretora de Seguros
• Capital Shield Insurance Brokers L.L.C.
• Nexus Insurance Brokers LLC
• Wehbe Insurance Services LLC
• New Shield Insurance Brokers LLC
• Unitrust Insurance Broker LLC
• Gulf Oasis Insurance Brokers LLC
• Earnest Insurance Brokers LLC
• Al Noor Insurance Broker
• Arab Orient Insurance Brokers
• Lusail Insurance Brokers
• Glenrand MIB Limited
• Howden
• Northlink Insurance Brokers
• Carrier Insurance Brokers
• Glanvills Enthoven
• Union Commercial Insurance Broker

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• Insurance Brokers & Agents Market

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