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10th July 2025: Global MGAs / MGUs
Between 2020 and 2024, revenues earned globally by MGA, MGU and cover-holder groups increased at a compound annual rate of over 20%, substantially outgrowing the worldwide insurance broking market
According to an updated ranking and analysis completed by Insuramore, the value of revenues earned worldwide by MGAs, MGUs and cover-holder groups (a.k.a. delegated underwriting authority / underwriting agency groups) was around USD 29.25 billion in 2024. Read the full press release here.
7th July 2025: Global Insurance Broking
Worldwide, total revenues earned from insurance broking activity were worth around USD 180 billion in 2024
According to Insuramore’s global rankings, the world’s top 15 insurance broking groups accounted for just under a half of global insurance broking revenues in 2024, and the top 500 for almost 90%. Read the full press release here.
13th November 2024: Global Insurer Billionaires
Viewed worldwide, 678 insurer groups had total gross direct premiums of more than USD 1 billion in 2023
Overall, and within a global insurance market worth around USD 7.5 trillion in gross direct business in 2023, the top 20 insurer groups accounted for 28.1% of this activity, the top 100 for 59.5% and the top 500 for 88.5% of it. Read the full press release here.
25th September 2024: Global Auto (Motor) Insurance
At a worldwide level, auto insurance GDPW surged by over 9% in 2023 but progress was not uniform across countries
According to Insuramore's global ranking, State Farm is once again the world leader by auto insurance GDPW, followed by Progressive, Berkshire Hathaway Insurance, PICC and Allstate. Read the full press release here.
18th September 2024: Global P&C (Non-Life) Insurance Segments
In 2023, and at a worldwide level, private P&C GDPW outgrew commercial P&C GDPW for the first time for several years
According to Insuramore’s global rankings, the top ten P&C (non-life) insurer groups accounted for 26.2% of total P&C gross direct premiums written worldwide in 2023, up marginally from 25.9% in 2022. Read the full press release here.
23rd July 2024: Global Cyber Insurance
By the end of 2023, close to 300 insurance groups around the world were underwriting cyber risks with the top 100 of these taking over 95% of global GDPW
According to Insuramore's global rankings, cyber insurance gross direct premiums written (GDPW) had a value of around USD 15.7 billion in 2023, rising to more than USD 16 billion if captive insurers are also included, and with growth outside of the US likely to cause the worldwide market to fragment further in 2024. Read the full press release here.
5th June 2024: Global Commercial P&C (Non-Life) Insurance Retail Broking
Globally, the top five groups accounted for around 37% of revenues specifically for commercial P&C insurance retail broking in 2023
Over 20 groups achieved at least a tripling of their revenues from this activity between 2020 and 2023 with M&A activity the principal driver of this progress. Read the full press release here.
11th October 2023: Global Reinsurance
Between 2019 and 2022, the global reinsurance sector outgrew the direct insurance market by a factor of more than three to one
Much of this outperformance is attributable to life and annuity reinsurance specialists which account for 30 of the world’s top 150 reinsurance groups. Read the full press release here.
20th September 2022: Global Commercial P&C (Non-Life) Insurance
In a market with GDPW (gross direct premiums written) set to exceed USD 1 trillion in 2022, the combined global share of the top 20 groups remains steady at just over 41%
According to Insuramore's global ranking, and led in descending order by Allianz, AXA, PICC, Zurich and Chubb, 145 insurer groups had commercial P&C (non-life) GDPW of more than USD 1 billion in 2021. Read the full press release here.