The US insurance brokerage sector continues to experience significant M&A activity fuelled by private equity-backed consolidators driving record valuations and increasing deal complexity.

The quarter was marked by strong balance sheet expansion, continued earnings resilience, and stable margins despite a shifting interest rate environment.

The in-plan annuities market represents one of the most significant untapped opportunities in retirement planning, with 92% of participants wanting employer offerings despite only 3% current market awareness.

Despite major AI investments, enterprise adoption is still limited, less than 5% of deployments achieve sustained impact, according to MIT.