Global Insurance Brokers

Global Insurance Brokers


Summary

Global Insurance Brokers industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • Insurance broker refers to an individual or corporate firm selling insurance policies. An insurance broker represents the insurance policy holder with the insurance transactions, unlike an insurance agent, who represents the insurance company. The insurance broker also acts as an advisor to the insurance policy holder on which insurance policy suits him the best. Market value is calculated by multiplying insurance broker share with the total insurance premium in the relevant market segment.
  • The global insurance brokers sector recorded revenues of $1,354.7 billion in 2023, representing a compound annual growth rate (CAGR) of 7.5% between 2018 and 2023.
  • The general insurance segment accounted for the sector's largest proportion in 2023, with total revenues of $981.9 billion, equivalent to 72.5% of the sector's overall value.
  • North America held the largest share of the global insurance brokers sector at 61.1% in 2023.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance brokers market in the global
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global insurance brokers market
  • Leading company profiles reveal details of key insurance brokers market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Global insurance brokers market with five year forecasts by both value and volume
Reasons to Buy
  • What was the size of the Global insurance brokers market by value in 2023?
  • What will be the size of the Global insurance brokers market in 2028?
  • What factors are affecting the strength of competition in the Global insurance brokers market?
  • How has the market performed over the last five years?
  • Who are the top competitors in the global's insurance brokers market?


1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What are the strengths of the leading players?
7.3. What strategies do the leading players follow?
7.4. What are the recent developments in the sector?
8 Company Profiles
8.1. Marsh & McLennan Companies Inc
8.2. Aon Plc
8.3. Willis Towers Watson PLC
8.4. Arthur J. Gallagher & Co
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Global insurance brokers sector value: $ million, 2018-23
Table 2: Global insurance brokers sector category segmentation: % share, by value, 2018-23
Table 3: Global insurance brokers sector category segmentation: $ million, 2018-23
Table 4: Global insurance brokers sector geography segmentation: $ million, 2023
Table 5: Global insurance brokers sector value forecast: $ million, 2023-28
Table 6: Marsh & McLennan Companies Inc: Key Facts
Table 7: Marsh & McLennan Companies Inc: Annual Financial Ratios
Table 8: Marsh & McLennan Companies Inc: Key Employees
Table 9: Marsh & McLennan Companies Inc: Key Employees Continued
Table 10: Aon Plc: Key Facts
Table 11: Aon Plc: Annual Financial Ratios
Table 12: Aon Plc: Key Employees
Table 13: Aon Plc: Key Employees Continued
Table 14: Aon Plc: Key Employees Continued
Table 15: Willis Towers Watson PLC: Key Facts
Table 16: Willis Towers Watson PLC: Annual Financial Ratios
Table 17: Willis Towers Watson PLC: Key Employees
Table 18: Willis Towers Watson PLC: Key Employees Continued
Table 19: Arthur J. Gallagher & Co: Key Facts
Table 20: Arthur J. Gallagher & Co: Annual Financial Ratios
Table 21: Arthur J. Gallagher & Co: Key Employees
Table 22: Arthur J. Gallagher & Co: Key Employees Continued
Table 23: Global Exchange Rate, 2018-23
List of Figures
Figure 1: Global insurance brokers sector value: $ million, 2018-23
Figure 2: Global insurance brokers sector category segmentation: $ million, 2018-23
Figure 3: Global insurance brokers sector geography segmentation: % share, by value, 2023
Figure 4: Global insurance brokers sector value forecast: $ million, 2023-28
Figure 5: Forces driving competition in the global insurance brokers sector, 2023
Figure 6: Drivers of buyer power in the global insurance brokers sector, 2023
Figure 7: Drivers of supplier power in the global insurance brokers sector, 2023
Figure 8: Factors influencing the likelihood of new entrants in the global insurance brokers sector, 2023
Figure 9: Factors influencing the threat of substitutes in the global insurance brokers sector, 2023
Figure 10: Drivers of degree of rivalry in the global insurance brokers sector, 2023

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