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Global Insurance Brokers & Agencies Industry Data and Analysis
Insurance brokers and agencies worldwide have displayed remarkable resilience and adaptability in recent years, navigating a volatile macroeconomic landscape shaped by factors such as natural disasters, economic fluctuations and regulatory changes. Brokers and agents, who earn commissions tied to insurance policy premiums, play an essential role in helping consumers and businesses manage risk. The increased incidence of environmental hazards such as floods and wildfires has boosted demand for property and casualty (P&C) insurance, subsequently benefiting the providers. In addition, the growing global per capita income, particularly in emerging markets, has led to increased spending on insurance services to protect newly acquired wealth.
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What's included in this industry analysis
IBISWorld's research coverage on the Global Insurance Brokers & Agencies industry includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released November 2025.
About this industry
What's this industry report about?
The Global Insurance Brokers & Agencies industry operates under the industry code J5711-GL. Companies in this industry act as brokers or agents in selling annuities and insurance policies. Brokers act on behalf of clients, whereas agents represent insurance companies. Insurance brokers and agents earn commission income that's calculated as a percentage of the premiums of policies sold. They also earn some fee income for risk management consulting and other value-added services, including insurance program administration. Related terms covered in the Global Insurance Brokers & Agencies industry include bancassurance, underwriting, property and casualty insurance and life and health insurance.
What's included in this industry?
Products and services covered in Global Insurance Brokers & Agencies industry include Commercial and personal P&C insurance, Health and medical insurance and Life and accident insurance.
What companies are included in this industry?
The Global Insurance Brokers & Agencies industry is highly fragmented with no companies holding a market share greater than 5%.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Global Insurance Brokers & Agencies industry.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Global Insurance Brokers & Agencies industry.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Global Insurance Brokers & Agencies industry.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Global Insurance Brokers & Agencies industry. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Global Insurance Brokers & Agencies industry. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Global Insurance Brokers & Agencies industry. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Global Insurance Brokers & Agencies industry. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Global Insurance Brokers & Agencies industry.
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Frequently Asked Questions
What is the market size of the Global Insurance Brokers & Agencies industry in 2026?
The market size of the Global Insurance Brokers & Agencies industry is $641.8bn in 2026.
How many businesses are there in the Global Insurance Brokers & Agencies industry in 2025?
There are 1m businesses in the Global Insurance Brokers & Agencies industry, which has declined at a CAGR of 1.3 % between 2020 and 2025.
How may import tariffs affect the Global Insurance Brokers & Agencies industry?
The Global Insurance Brokers & Agencies industry is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Global Insurance Brokers & Agencies industry?
The Global Insurance Brokers & Agencies industry is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Global Insurance Brokers & Agencies industry grown or declined over the past 5 years?
The market size of the Global Insurance Brokers & Agencies industry has been growing at a CAGR of 1.8 % between 2020 and 2025.
What is the forecast growth of the Global Insurance Brokers & Agencies industry over the next 5 years?
Over the next five years, the Global Insurance Brokers & Agencies industry is expected to grow.
What does the Global Insurance Brokers & Agencies industry include?
Property and casualty insurance policy brokerage and Health and medical insurance brokerage are part of the Global Insurance Brokers & Agencies industry.
How competitive is the Global Insurance Brokers & Agencies industry?
The level of competition is high and increasing in the Global Insurance Brokers & Agencies industry.
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