Finance & Professional Services

Insurance Brokerage Services: Market Size, Growth & Forecast to 2030

The Insurance Brokerage Services market is valued at about $388 billion (2026) and is projected to grow at a 5.2% CAGR through 2030. The largest cost driver is Personnel and Licensed Broker Salaries (55% of spend). North America leads demand at 45%.

Market size
$388.0 bn (2026)
CAGR to 2030
+5.2%
Buyer power
Favours buyers
Tracked suppliers
150

Projected market growth to 2030

Market size index, 2026 = 100, at the 5.2% CAGR.

1291191101001002026105.22027110.72028116.42029122.52030128.82031

Cost structure

Personnel and Licensed Broker Salaries
55%
Technology Infrastructure and InsurTech Software
18%
Regulatory Compliance and Licensing Fees
12%
Office Operations and Real Estate
8%
Travel and Client Acquisition Expenses
7%

Regional demand split

North America demand
45%
Europe demand
30%
Asia Pacific demand
15%
Rest of world demand
10%

Key suppliers

Marsh McLennanAonArthur J. GallagherAllianzAXABrown & Brown
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Claight market analysis of proprietary and public data. Full report: /category-intelligence/insurance-brokerage-services