Financial Services & Insurance Research News

Bancassurance market set to grow at a CAGR of +7% from 2018 to 2023

Financial Services Market Research

The report includes a comprehensive analysis of the present scenario in the Global Bancassurance market. It starts with a basic overview of the industry and then goes into each and every detail.

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Bancassurance, or bank insurance model (BIM), refers to an arrangement wherein insurance products are sold through banking channels via tie-ups. This is the result of the amalgamation of a bank and an insurance company aiming to reach out to a wider customer base.

The concept originated in Europe in the 1980s and has now become popular the world over. Consolidation in the financial services sector is resulting in bancassurance becoming vital to the growth of the overall financial services market. 

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The report also presents a thorough qualitative and quantitative data affecting to the projected impact of these factors on market’s future growth prospects.

Top Key Players:

American Express, Banco Santander, BNP Paribas Cardif, Citigroup, Crédit Agricole, HSBC, ING, Wells Fargo, ABN AMRO, ANZ, Banco Bradesco, Barclays, Crédit Mutuel, Intesa Sanpaolo, Lloyds Bank Group, NongHyup Financial Group, Nordea Group, Société Générale

Bancassurance Market will grow at a CAGR of +7% during the forecast period 2018-2023

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It explains a detailed outline of the Bancassurance Market depending on the important parameters. End users, products, regions, and many other segments are studied and explained.

A brief idea of the driving forces which help make the market more flourishing is discussed in order to help the client understand the future market position. Estimated revenue growth in terms of volume with respect to the market for the upcoming years has been mentioned in depth.

Bancassurance is an arrangement in which a bank and an insurance company form a partnership so that the insurance company can sell its products to the bank's client base. This partnership arrangement can be profitable for both companies.

Banks can earn additional revenue by selling the insurance products, while insurance companies are able to expand their customer bases without having to expand their sales forces or pay commissions to insurance agents or brokers.

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On the basis of geographical regions, the Global Bancassurance Market is segmented broadly into Latin America, Global, the Middle East and Africa, and Asia Pacific. The Global market is still in its exploratory stage in most of the regions but it holds the promising potential to flourish steadily in coming years.

The major companies investing in this market are situated in Canada, U.K., and the US, India, China and some more countries of Asia Pacific region. Consequently, Asia Pacific, North America, and Western Global are estimated to hold more than half of the market shares, collectively in coming years.

This statistical surveying research study presents an all-inclusive evaluation of the global market for Bancassurance, taking various industry parameters, such as the capacity of production, product pricing, demand, supply, and sales dynamics, returns on investments, and the growth rate of the overall market into consideration.

In the last sections of the report, the manufacturers responsible for increasing the sales in the Bancassurance Market have been presented. These manufacturers have been analyzed in terms of their manufacturing base, basic information, and competitors.

In addition, the technology and product type introduced by each of these manufacturers also form a key part of this section of the report.

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Table of Content:

Global Bancassurance Market Research Report 2017-2022

Chapter 1 Bancassurance Market Overview

Chapter 2 Global Economic Impact

Chapter 3 Competition by Manufacturer

Chapter 4 Production, Revenue (Value) by Region (2017-2022)

Chapter 5 Supply (Production), Consumption, Export, Import by Regions (2017-2022)

Chapter 6 Production, Revenue (Value), Price Trend by Type

Chapter 7 Analysis by Application

Chapter 8 Manufacturing Cost Analysis

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

Chapter 11 Market Effect Factors Analysis

Chapter 12 Market Forecast (2017-2022)

Chapter 13 Appendix

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