Leading insurance brokers globally in 2016, by revenue (in billion U.S. dollars)

Leading insurance brokers worldwide 2016, by revenue The statistic presents the leading insurance brokers worldwide in 2016, ranked by revenue. With revenue amounting to over 13 billion U.S. dollars in 2016, 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 1.07 million in 2015.
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Revenue in billion U.S. dollars
Marsh & McLennan Cos. Inc. (U.S.) 13.23
Aon P.L.C.  (U.K.) 11.61
Willis Towers Watson P.L.C. (U.K.)7.78
Arthur J. Gallagher & Co.  (U.S.) 4.19
BB&T Insurance Holdings Inc.  (U.S.) 1.81
Brown & Brown Inc.  (U.S.) 1.76
Hub International Ltd.  (U.S.) 1.65
Jardine Lloyd Thompson Group P.L.C. (U.K.) 1.55
Lockton Cos. L.L.C. (U.S.)*1.43
USI Insurance Services L.L.C. (U.S.)1.03
Revenue in billion U.S. dollars
Marsh & McLennan Cos. Inc. (U.S.) 13.23
Aon P.L.C.  (U.K.) 11.61
Willis Towers Watson P.L.C. (U.K.)7.78
Arthur J. Gallagher & Co.  (U.S.) 4.19
BB&T Insurance Holdings Inc.  (U.S.) 1.81
Brown & Brown Inc.  (U.S.) 1.76
Hub International Ltd.  (U.S.) 1.65
Jardine Lloyd Thompson Group P.L.C. (U.K.) 1.55
Lockton Cos. L.L.C. (U.S.)*1.43
USI Insurance Services L.L.C. (U.S.)1.03
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Description Source More information
The statistic presents the leading insurance brokers worldwide in 2016, ranked by revenue. With revenue amounting to over 13 billion U.S. dollars in 2016, 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 1.07 million in 2015.
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Release date
July 2017
Region
Worldwide
Survey time period
2016
Special properties
revenue generated by insurance brokerage and related services
Supplementary notes
Figures have been rounded.
* Fiscal year ending April 30.

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