Our Scans · (FS.4.05) Insurance Broking · Weekly Summary

• We expect to see further consolidation in the insurance brokerage sector, with the top tier brokers continuing to focus on margin expansion coupled with large PE-backed platforms that are expected to transact in 2025. PwC
• The global insurance brokerage industry was valued at US$259.7bn in 2022 and is expected to grow to US$628.3bn by 2032, with a compound annual growth rate of 9.3%. KGI Research Singapore - Singapore's leading broker off
• Insurance broking has delivered solid returns for private equity dealmakers over the years, and the sub-sector will retain enduring appeal for private equity firms in 2025. Ashurst
• Brokerslink is a global broking company connecting independent brokers and risk management firms, offering a wide range of insurance and risk transfer solutions across multiple industries. Insurance Business
• Under the 2025 iteration, ACT will offer 28.5% co-insurance, up from 22.5% in 2024, across core lines of business placed through Aon's Global Broking Centre in London. Insurance Business
• WTW has expanded its corporate risk and broking services in Japan, introducing a specialised insurance brokerage division under the name WTW Broker Japan Co Ltd. Insurance Business
• UK insurers reported a 6% rise in ghost broking activity on social media last year, as it warned the threat of people being duped would continue to increase with the growth of financial strain. Insurance Age
• Broking giant Aon has said today that it anticipates an influx of capital to the parametric risk transfer space in 2024, from traditional insurance, reinsurance and ILS fund sources. Artemis.bm
• The insurance broking sector is growing in value surpassing the £100 bn mark in terms of GWP - that is a massive contribution to the UK economy and we know from recent research from Opinium that 62% of SMEs think insurance protection enables them to take more risk and grow. Insurance Business
• Although pricing seems to be heading downwards on certain large or complex public company renewals, 77% of underwriters believe that the D & O risk is still increasing year over year as reported by US-based insurance brokerage and consulting firm Woodruff Sawyer. Insurance Business
• Cyberattacks should be viewed as an existential threat that can affect any insurance brokerage, at any time. Insurance Business
• WTW, a global advisory and broking company has launched Asia's first 4-peril parametric insurance to protect Sri Lanka's shrimp farms against weather risks, marking a major turning point in Asia's aquaculture development. Reinsurance News
• PSC Connect is a network of experienced and dedicated insurance broking specialists who help thousands of small to medium organisations across New Zealand and Australia to protect themselves from the risks and perils facing their business. Insurance Business
• Insurance broking giant WTW has launched Nitrogen Risk Insurance to safeguard profitability for Queensland sugarcane farmers. Insurance Business
• Risk Strategies is the 9th largest privately held US brokerage firm offering comprehensive risk management advice, insurance and reinsurance placement for property & casualty, employee benefits, private client services, as well as consulting services and financial & wealth solutions. Yahoo Finance
• U.S. retail insurance broking revenue was pressured by lower demand for transactional risk coverage, but reinsurance broking revenue surged. Business Insurance
• The purchase of York International, which is the 96th-largest broker of U.S. business, according to Business Insurance's most recent ranking, will add about $32 million in brokerage revenue to No. 22-ranked IMA. Business Insurance
• To prosper by 2028, broking firms must choose their business model, brokers need to embrace new learning, and insurers should adopt digital practices for client management. Infosys
• As large brokerage aggregators seek economies of scale, we expect to see continuing consolidation in the insurance brokerage space. The Globe and Mail
• Israeli-founded firms Real Brokerage and HoneyComb are bringing a positive form of tech disruption to the US real estate and multi-family insurance sectors, respectively. The Jerusalem Post
• In insurance brokerage space, M&A is leapfrogging at a record pace with little sign of a slowdown in 2022. Daily Fintech
• Prestige Insurance Holdings is set to launch a new digitally-led broking brand in 2022 with new technical, product management, customer support and marketing roles available in Belfast, Newry and Derry ~ Londonderry, as well as remote working opportunities. Digital DNA
• Considering the record levels of deployable capital, we expect competition for insurance carrier targets and run-off blocks to remain strong, ongoing brokerage consolidation to continue apace, and interest in InsurTechs to remain high. Business Insurance

Last updated: 26 June 2025