The global insurance brokers and agents market is expected to see steady growth, rising from US$467.3 billion in 2024 to US$496.3 billion in 2025, according to The Insurance Brokers & Agents Market Report 2025 published by ResearchAndMarkets.com.

By 2029, the market is projected to hit US$636.9 billion, reflecting a compound annual growth rate (CAGR) of 6.4%.

Growth drivers include economic expansion in emerging markets, rising healthcare costs, and insurance reforms. Longer-term demand is also supported by the spread of chronic diseases, an expanding middle class, and the ongoing impact of COVID-19 on risk awareness.

Digital transformation and market expansion

Technology adoption is accelerating across the sector, with 39% of agencies now offering online services and 78% leveraging

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