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There are xx employees in the Global Insurance Brokers & Agencies industry in Global, which is expected to grow at xx% over the next five years. Companies in this industry act as brokers or agents in selling annuities and insurance policies. Brokers act on behalf of clients, whereas agents represent insurance companies. Insurance brokers and agents earn commission income that's calculated as a percentage of the premiums of policies sold. They also earn some fee income for risk management consulting and other value-added services, including insurance program administration.
Curious about what drives these trends? IBISWorld's Global Insurance Brokers & Agencies industry coverage has got you covered.
Total value (#) and annual change from 2012 – 2030.
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There is 2,899,432 people employed in the Global Insurance Brokers & Agencies as of 2025.
The number of people employed in the Global Insurance Brokers & Agencies grew 0.4% on average over the five years between 2020 and 2025.
See our full analysis of the Global Insurance Brokers & Agencies to understand if the industry employment is expected to grow or decline over the next five years.
The average Global Insurance Brokers & Agencies business is 2.9 employees.
The average business in the Global Insurance Brokers & Agencies now employs more workers than it did five years ago.
The revenue per employee for the average business in the Global Insurance Brokers & Agencies has increased in the last five years.