MARSHBERRY RELEASES COMPREHENSIVE INSURANCE AGENCY & BROKERAGE COMPENSATION REPORT

Woodmere, OH – MarshBerry, a leading investment banking and consulting firm serving the wealth and insurance distribution industries, today announced the release of its highly anticipated 2025 Insurance Agency & Brokerage Compensation Report. The report, unique and more in-depth than any other available in the sector, delivers critical insights into compensation, hiring, and workforce trends shaping the insurance sector — with a sharp focus on the forces influencing retention, recruitment, and employee investment.

Despite broader economic uncertainty and a softening U.S. labor market in late 2024, the insurance industry continues to experience tight labor conditions, elevated demand for skilled talent, and sustained investments in compensation.

“The broader labor market is showing signs of stabilization, but for insurance brokers and carriers, the talent war is still very real,” said John Wepler, MarshBerry Chairman and Chief Executive Officer. “Our 2025 report shows firms are not pulling back — they’re doubling down on competitive compensation strategies to retain and attract top talent.”

MarshBerry has collected compensation data for this proprietary report for more than a decade, which provides unparalleled insights into the compensation landscape along with strategic understanding and knowledge of pay structures. Key findings from the 2025 report include:

• National resilience vs. industry tightness: While U.S. unemployment held steady at 4.1% in 2024, insurance industry unemployment remained significantly lower, rising modestly from 2.0% to just 2.5%.
• Lower turnover in insurance: Employee turnover in insurance brokerage firms was 16.4% in 2024, notably below the 20–25% range seen across the broader financial services sector.
• Hiring remains strong: Insurance brokers reported a 19.9% new hire rate in 2024, underscoring continued investment in growth.
• Flexibility endures: Approximately 80% of firms reported no planned changes to remote or hybrid work in 2025 — with smaller firms more likely to reevaluate.

As firms refine their growth strategies in 2025, MarshBerry’s Insurance Agency & Brokerage Compensation Report serves as an essential resource to benchmark performance, align compensation models, and attract high-performing talent.

Study participants receive a complimentary report. The report can be purchased for $3,500 and includes a data supplement that summarizes the information from the PDF report into easy-to-read tables. No specific company information is published or identified in the report or the supplement.

If you have questions about how MarshBerry helps firms create their path forward, in the U.S. or across Europe, please contact us today.

MarshBerry – Helping Clients Learn, Improve & Realize Value

MarshBerry is a global leader in financial services and consulting dedicated to helping insurance brokerages, and firms in the wealth management industry, achieve sustained growth and value for every stage of ownership. With a legacy spanning over 40 years, MarshBerry offers an extensive suite of services, including Investment Banking (Merger & Acquisition Advisory; Capital Raising), Financial Consulting (Strategic Planning; Valuations; Perpetuation Planning), Organic Growth Consulting (Leadership, Sales & Talent Solutions), Executive Peer Exchange, Agency Network and Market Intelligence and Performance Benchmarking. For more information, visit www.MarshBerry.com.

Investment banking services in the USA offered through MarshBerry Capital, LLC, Member FINRA and SIPC, and an affiliate of Marsh, Berry & Company, LLC, 28601 Chagrin Blvd, Suite 400, Woodmere, OH 44122 (440) 354-3230.