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News  ›  GlobeNewswire Inc.

Insurance Brokerage Market to Attain USD 562B by 2031 with Retail Brokerage Holding Over 75% Revenue, Says a 2026 Mordor Intelligence Report

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Mordor Intelligence
Insurance Brokerage Market to Attain USD 562B by 2031 with Retail Brokerage Holding Over 75% Revenue, Says a 2026 Mordor Intelligence Report

The global insurance brokerage market is projected to grow from USD 328.47 billion in 2025 to USD 562.48 billion by 2031, expanding at a 9.38% CAGR. Growth is driven by rising demand for cyber insurance, life insurance in emerging markets, digital adoption, and regulatory compliance needs. North America remains dominant while Asia-Pacific emerges as the fastest-growing region.

Insights
BDX   neutral

Mentioned as a market participant without specific performance details


AON   positive

Major player in expanding insurance brokerage market with tailwinds from cyber insurance demand, digital adoption, and compliance advisory services growth