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There are xx businesses in the Global Insurance Brokers & Agencies industry in Global, which is expected to decline at xx% over the next five years. 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.
Curious about what drives these trends? IBISWorld's Global Insurance Brokers & Agencies industry coverage has got you covered.
Total value (#) and annual change from 2012 – 2030.
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There is 1,014,310 Global Insurance Brokers & Agencies businesses as of 2025, an decrease of -2.8% from 2024.
The number of Global Insurance Brokers & Agencies businesses has declined -1.3% per year on average over the five years between 2020 and 2025.
See our full analysis of the Global Insurance Brokers & Agencies to understand if the mumber of bussinesses is expected to grow or decline over the next five years.