The statistic presents the leading insurance brokers worldwide in 2022, by revenue. With revenue amounting to over 20.6 billion U.S. dollars in 2022, 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.
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Insurance Information Institute. (July 31, 2023). Leading insurance brokers globally in 2022, by brokerage revenue (in billion U.S. dollars) [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/261909/leading-global-insurance-brokers-by-revenue-as-of-2012/
Insurance Information Institute. "Leading insurance brokers globally in 2022, by brokerage revenue (in billion U.S. dollars)." Chart. July 31, 2023. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/261909/leading-global-insurance-brokers-by-revenue-as-of-2012/
Insurance Information Institute. (2023). Leading insurance brokers globally in 2022, by brokerage revenue (in billion U.S. dollars). Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/261909/leading-global-insurance-brokers-by-revenue-as-of-2012/
Insurance Information Institute. "Leading Insurance Brokers Globally in 2022, by Brokerage Revenue (in Billion U.S. Dollars)." Statista, Statista Inc., 31 Jul 2023, https://www.statista.com/statistics/261909/leading-global-insurance-brokers-by-revenue-as-of-2012/
Insurance Information Institute, Leading insurance brokers globally in 2022, by brokerage revenue (in billion U.S. dollars) Statista, https://www.statista.com/statistics/261909/leading-global-insurance-brokers-by-revenue-as-of-2012/ (last visited September 01, 2024)
Leading insurance brokers globally in 2022, by brokerage revenue (in billion U.S. dollars) [Graph], Insurance Information Institute, July 31, 2023. [Online]. Available: https://www.statista.com/statistics/261909/leading-global-insurance-brokers-by-revenue-as-of-2012/