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As of 2021, the size of the total insurance brokerage market worldwide was about $128.21 billion, which is of course a sizable market in its own right.
What’s more impressive perhaps is that the global insurance brokerage market is currently expected to grow by a compound annual growth rate of 16.1% through the end of the decade, which yields a forecast of $278.3 billion by 2030, more than doubling the market in size during the intervening years.
The combination of growing risk alongside improving technologies to identify, analyze, and minimize it will provide incredible opportunities for those navigating the insurance brokerage space in the years to come.
You can read more about this topic here.
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