Insurance Brokerage Market to Attain USD 562B by 2031 with Retail Brokerage Holding Over 75% Revenue, Says a 2026 Mordor Intelligence Report

Retail Insurance Brokerage Growth: 2026 Blueprint for Capital Allocation and AI‑Driven Platforms { "@context": "https://schema.org", "@type": "Article", "headline": "Retail Insurance Brokerage Growth: 2026 Blueprint for Capital Allocation and AI‑Driven Platforms", "datePublished": "2026-01-13", "dateModified": "2026-01-13", "author": {"@type":"Organization","name":"TechInsights Media"}, "publisher": {"@type":"Organization","name":"TechInsights Media","logo":{"@type":"ImageObject","url":"https://example.com/logo.png"}}, "description": "In 2026, retail insurance brokerage growth is projected to hit $562 B by 2031. This article explains how insurers and fintechs can capture that upside with API‑first architecture, LLM recommendation engines, and compliance microservices." } Retail Insurance Brokerage Growth: 2026 Blueprint for Capital Allocation and AI‑Driven Platforms Executive Summary The global insurance brokerage market is expected to reach USD 562 B by 2031, with retail brokerage capturing more than 75% of that value. Key drivers are AI‑enabled self‑service, regulatory liberalisation, and omni‑channel APIs that cut acquisition costs by up to 50%. Insurers and fintechs must pivot from legacy wholesale models to API‑first, compliance‑embedded, AI‑powered retail ecosystems. A focused $300–$500 million investment over five years can generate an IRR of 18–22% by capturing just 10% of projected retail market share. Retail Insurance Brokerage Growth: Market Dynamics and Forecasts for 2026 The latest Mordor Intelligence report (January 2026) projects the global insurance brokerage industry at USD 562 B by 2031, up from an estimated USD 350 B in 2025. The compound annual growth rate of 7.2% reflects a mature market that is now accelerating due to digital disruption. Retail brokerage—consumer‑direct digital platforms aggregating policies across insurers—accounts for roughly 60% of current revenue but is projected to exceed 75% by 2031, translating into an additional $107 B