U.S. insurance brokers generate an average of 1.2 million dollars in revenue per employee. The ten largest firms control 70 percent of global revenue. Figures on market size, technology use, and workforce composition outline the scale and structure of the industry.
Key Takeaways
- U.S. insurance brokerage industry average revenue per employee was $1.2 million in 2023.
- Marsh McLennan holds 25% global brokerage market share in 2023.
- The global insurance brokerage market size was valued at USD 285.4 billion in 2023 and is projected to grow at a CAGR of 7.2% from 2024 to 2030.
- 60% of brokers now using AI for risk assessment in 2023.
- U.S. insurance brokerage employment totaled 450,000 in 2023.
Insurance broker data shows steady demand and growing customer reliance on expert guidance for better coverage.
Related reading
01 · Category
Financial Metrics30 stats
01
U.S. insurance brokerage industry average revenue per employee was $1.2 million in 2023.
02
Global top insurance brokers' combined revenue exceeded $100 billion in 2023.
03
Average profit margin for U.S. brokers was 12.5% in 2023.
04
UK brokers' EBITDA margins averaged 15-20% in 2022.
05
Marsh & McLennan revenue from brokerage $18.5 billion in 2023.
06
Aon plc brokerage revenue $12.5 billion in FY2023.
07
Willis Towers Watson brokerage fees $9.7 billion in 2023.
08
Arthur J. Gallagher revenue $9.5 billion in 2023.
09
Brown & Brown net income $1.15 billion in 2023.
10
Hub International revenue surpassed $5 billion in 2023.
11
U.S. brokers' commission income grew 6.8% to $150 billion in 2023.
12
Global brokerage fee revenue CAGR 5.5% 2018-2023.
13
Average ROE for public brokers 18.2% in 2023.
14
European brokers' organic growth 4.2% in 2023.
15
U.S. P&C brokerage commissions $80 billion in 2023.
16
Asia-Pacific brokers revenue growth 9% YoY 2023.
17
Canadian brokers average revenue per broker CAD 2.5 million.
18
Global M&A in brokerage totaled $25 billion in 2023.
19
U.S. brokers expense ratio 85% of revenue in 2023.
20
Australia brokers profit before tax margin 18% average.
21
Fee-based revenue now 40% of total for top U.S. brokers.
22
UK independent brokers revenue £10 billion in 2023.
23
India brokerage commission income INR 15,000 crore.
24
Global brokers EBITDA $25 billion combined in 2023.
25
U.S. life brokers contingency fees $5 billion.
26
France brokers net profit growth 7% in 2023.
27
German brokers revenue per employee €500,000.
28
Brazil brokerage fees BRL 5 billion in 2023.
29
South Africa brokers commission ratio 15%.
30
Japan brokers operating income JPY 300 billion.
Interpretation
Financial Metrics Interpretation
Despite the eye-watering individual employee productivity, sky-high industry revenues, and healthy profit margins, the insurance brokerage business remains a fiercely competitive, acquisition-hungry, and expense-heavy global game where success is measured in billions and defended percentage point by percentage point.
03 · Category
Market Size and Growth30 stats
01
The global insurance brokerage market size was valued at USD 285.4 billion in 2023 and is projected to grow at a CAGR of 7.2% from 2024 to 2030.
02
U.S. insurance brokers and agents industry revenue reached $287.1 billion in 2023.
03
The European insurance brokerage market is expected to reach €150 billion by 2025.
04
Insurance brokerage market in Asia-Pacific grew by 8.5% YoY in 2022.
05
UK insurance broker gross written premium intermediated £62.5 billion in 2022.
06
Canadian insurance brokerage industry market size estimated at CAD 15.2 billion in 2023.
07
Global reinsurance brokerage market valued at $25 billion in 2023.
08
U.S. property & casualty insurance brokerage segment grew 5.2% in 2023.
09
Insurance brokerage market in India projected to reach INR 50,000 crore by 2025.
10
Australian insurance broking industry revenue hit AUD 2.8 billion in 2023.
11
Latin America insurance brokerage market expected CAGR 6.8% through 2028.
12
Middle East insurance brokerage sector grew 9.1% in 2023.
13
U.S. employee benefits brokerage market size $45 billion in 2023.
14
China insurance brokerage premiums reached RMB 1.2 trillion in 2022.
15
Global specialty insurance brokerage market at $50 billion in 2023.
16
France insurance brokers handled €120 billion in premiums in 2022.
17
Germany brokerage market share of total insurance premiums at 85% in 2023.
18
Brazil insurance brokerage market valued at BRL 20 billion in 2023.
19
South Africa brokers intermediated 70% of commercial insurance in 2023.
20
Japan non-life brokerage market grew 4.5% YoY in 2023.
21
Global cyber insurance brokerage segment projected to $15 billion by 2025.
22
U.S. health insurance brokerage market at $30 billion in 2023.
23
Italy insurance brokers market size €25 billion in 2022.
24
Singapore brokerage industry revenue SGD 1.5 billion in 2023.
25
Mexico insurance brokerage grew 7% in 2023.
26
Global MGU (managing general underwriter) brokerage at $10 billion.
27
Netherlands brokers handled €50 billion premiums in 2023.
28
Turkey insurance brokerage market CAGR 10% 2023-2028.
29
U.S. life insurance brokerage segment $20 billion in 2023.
30
Worldwide brokerage density 1 broker per 5,000 people in 2023.
Interpretation
Market Size and Growth Interpretation
The sheer weight of all this global premium money suggests that, for an industry built on assessing risk, the one sure bet is that people will always pay to make their worries someone else's problem.
More related reading
04 · Category
Trends and Technology20 stats
01
60% of brokers now using AI for risk assessment in 2023.
02
Insurtech adoption in brokerage reached 75% by 2023.
03
Digital platforms handle 40% of small business quotes.
04
ESG integration in 85% of brokerage proposals.
05
Cyber risk brokerage demand up 50% YoY.
06
API integrations reduced quoting time by 70%.
07
55% brokers offer parametric insurance products.
08
Blockchain used by 20% for claims processing.
09
Video client meetings 65% of interactions post-pandemic.
10
Data analytics drives 30% revenue growth for tech-savvy brokers.
11
Climate risk modeling adopted by 90% large brokers.
12
Embedded insurance via brokers 25% market penetration.
13
RPA automates 50% admin tasks in brokerages.
14
Generative AI pilots in 40% of top brokers.
15
Mobile apps for policy management 80% usage.
16
Open banking APIs 35% broker integration.
17
Telematics data used in 60% auto brokerage renewals.
18
VR site surveys trialed by 15% brokers.
19
NFT-based parametric triggers emerging in 5% specialty.
20
Quantum computing pilots for modeling in 2% advanced brokers.
Interpretation
Trends and Technology Interpretation
The modern insurance broker has become a tech-savvy guardian, augmenting their timeless counsel with AI to assess risks, APIs for speed, and a data-driven focus on emerging threats from cybercrime to climate, proving that even in a digital whirlwind the irreplaceable value lies in a human's ability to synthesize it all into wise and practical protection.
05 · Category
Workforce and Employment26 stats
01
U.S. insurance brokerage employment totaled 450,000 in 2023.
02
Global insurance brokers workforce approximately 2.5 million in 2023.
03
U.S. brokers average employee tenure 8.5 years.
04
UK insurance brokers employ 45,000 people.
05
Women represent 55% of U.S. insurance brokerage workforce.
06
Average salary for U.S. insurance brokers $125,000in 2023.
07
Canada brokerage industry 25,000 employees in 2023.
08
Australia brokers workforce 12,000 FTEs.
09
Europe insurance brokers 500,000 employees total.
10
Asia-Pacific brokerage staff growth 6% YoY.
11
U.S. broker turnover rate 18% in 2023.
12
65% of brokers require hybrid work models post-COVID.
13
India insurance brokers employ 50,000 agents.
14
Germany 80,000 licensed insurance brokers.
15
France brokerage workforce 30,000 professionals.
16
Brazil 40,000 registered brokers.
17
South Africa brokers 15,000 certified intermediaries.
18
Japan 200,000 insurance solicitors.
19
Millennials comprise 40% of brokerage workforce.
20
U.S. brokers training spend $2 billion annually.
21
Global brokers diversity index improved to 45% women in leadership.
22
Singapore 5,000 licensed brokers.
23
Mexico brokerage agents 20,000.
24
Netherlands 25,000 insurance intermediaries.
25
Turkey 30,000 brokers licensed.
26
Italy 50,000 broker professionals.
Interpretation
Workforce and Employment Interpretation
With a global army of 2.5 million brokers half-heartedly flirting with an 18% turnover rate yet stubbornly clinging to an 8.5-year average tenure, the industry is a stable, well-paid, and increasingly diverse paradox that trains its hybrid-work millennials at great expense to explain why your claim wasn't covered.
Reference
Cite This Report
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APA
Elena Vasquez. (2026, February 13). Insurance Brokerage Industry Statistics. Gitnux. https://gitnux.org/insurance-brokerage-industry-statistics
MLA
Elena Vasquez. "Insurance Brokerage Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/insurance-brokerage-industry-statistics.
Chicago
Elena Vasquez. 2026. "Insurance Brokerage Industry Statistics." Gitnux. https://gitnux.org/insurance-brokerage-industry-statistics.
Sources & references
84 datasets cited across this report
+1 additional datasets cited (not shown individually)