Leading insurance brokers globally in 2018, by revenue
(in billion U.S. dollars)
Leading insurance brokers worldwide 2018, by revenue
The statistic presents the leading insurance brokers worldwide in 2018, by revenue. With revenue amounting to over 16 billion U.S. dollars in 2018, Marsh & McLennan Cos. Inc. topped the list of leading global insurance brokers globally.

Insurance brokers – additional information

An insurance broker (or insurance agent) is an insurance specialist offering consulting services both to individuals and commercial businesses. It is an intermediary between a client being in need of insurance protection and insurance companies. Brokers use their expertise and knowledge of the insurance market and companies to offer their clients the best possible insurance option.

When looking for an adequate insurance option, brokers have to take into account such factors as client’s budget, what kinds of insurance are needed and which insurance company bids the most advantageous offer in a particular case. Despite having considerable knowledge about the insurance market, brokers are expected to not favor any particular company, by which they are paid a commission. Apart from providing consultancy and administrative assistance during the insurance research phase, brokers are also of help with issues or questions arising after the insurance contract has been signed.

The number of agents, brokers and service employees in the insurance industry in the United States grows from year to year and reached 1.14 million in 2017.
Leading insurance brokers globally in 2018, by revenue
(in billion U.S. dollars)
Revenue in billion U.S. dollars
Marsh & McLennan Cos. Inc. (U.S.) 16.84
Aon PLC  (UK)10.72
Willis Towers Watson PLC (UK)8.41
Arthur J. Gallagher & Co.  (U.S.) 5.11
Hub International Ltd.  (U.S.) 2.15
BB&T Insurance Holdings Inc.  (U.S.) 2.02
Brown & Brown Inc.  (U.S.) 2.01
Lockton Cos. LLC (U.S.)*1.71
USI Insurance Services LLC (U.S.)1.67
Acrisure LLC (U.S.)1.38
Loading statistic...
You need to log in to download this statistic
Register for free
Already a member?
Log in
Show detailed source information?
Register for free
Already a member?
Log in
Sources

Release date

July 2019

Region

Worldwide

Survey time period

2018

Special properties

revenue generated by insurance brokerage and related services

Supplementary notes

Figures have been rounded.
* Fiscal year ending April 30.

Leading insurance brokers worldwide 2018, by revenue
The statistic presents the leading insurance brokers worldwide in 2018, by revenue. With revenue amounting to over 16 billion U.S. dollars in 2018, Marsh & McLennan Cos. Inc. topped the list of leading global insurance brokers globally.

Insurance brokers – additional information

An insurance broker (or insurance agent) is an insurance specialist offering consulting services both to individuals and commercial businesses. It is an intermediary between a client being in need of insurance protection and insurance companies. Brokers use their expertise and knowledge of the insurance market and companies to offer their clients the best possible insurance option.

When looking for an adequate insurance option, brokers have to take into account such factors as client’s budget, what kinds of insurance are needed and which insurance company bids the most advantageous offer in a particular case. Despite having considerable knowledge about the insurance market, brokers are expected to not favor any particular company, by which they are paid a commission. Apart from providing consultancy and administrative assistance during the insurance research phase, brokers are also of help with issues or questions arising after the insurance contract has been signed.

The number of agents, brokers and service employees in the insurance industry in the United States grows from year to year and reached 1.14 million in 2017.
Statista Accounts: Access All Statistics. Starting from $708 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.

Premium Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references

$59 / Month *

Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract.
   Prices do not include sales tax.
Statistics on "Global insurance industry"
  • Overview
The most important statistics
  • Premiums worldwide
  • Americas
  • APAC
  • EMEA
Statista Accounts: Access All Statistics. Starting from $708 / Year
Learn more about how Statista can support your business.