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Bancassurance Market: Global Key Players, Trends, Share, Industry Size, Growth, Opportunities, Forecast To 2024




May 29, 2019



Summary

WiseGuyReports.com adds “Bancassurance Market 2019 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2024” reports to its database.

Bankassurance is a relationship between a bank and an insurance company, aimed at offering insurance products or insurance benefits to the bank’s customers. In this partnership, bank staff and tellers become the point of sale and point of contact for the customer. Bank staff are advised and supported by the insurance company through wholesale product information, marketing campaigns and sales training. The bank and the insurance company share the commission. Insurance policies are processed and administered by the insurance company.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 base without having to expand their sales forces or pay commissions to insurance agents or brokers. 
The global bancassurance market is a sizable and increasingly important channel for protection products, and is predicted to expand at a compound annual growth rate (CAGR) of 6.16% from 2014 to 2019. The growth rate for bancassurance is four times faster than the growth of life insurance in general in many markets around the world. With this increased opportunity comes increased competition. In order to differentiate themselves, bancassurers in both emerging and mature markets must deliver innovative products aligned with target consumers through efficient distribution channels. 
The success of a strategic partnership between banks and insurers is dependent on executive buy-in, which was rated as the top factor for bancassurance success by respondents to RGA Global Surveys on bancassurance conducted in the United Kingdom, South Africa, Australia and New Zealand markets. In these countries, the largest bancassurers distribute insurance products through integrated partnerships which have aligned goals and sales targets for the banks and insurers. 
In 2018, the global Bancassurance market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.

This report focuses on the global Bancassurance status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Bancassurance development in United States, Europe and China.

The key players covered in this study 
American Express 
Banco Santander 
BNP Paribas Cardif 
Citigroup 
Crédit Agricole 
HSBC 
ING 
Wells Fargo

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Market segment by Type, the product can be split into 
Life Bancassurance 
Non-Life Bancassurance

Market segment by Application, split into 
Old 
Adults 
Children

Market segment by Regions/Countries, this report covers 
United States 
Europe 
China 
Japan 
Southeast Asia 
India 
Central & South America

The study objectives of this report are: 
To analyze global Bancassurance status, future forecast, growth opportunity, key market and key players. 
To present the Bancassurance development in United States, Europe and China. 
To strategically profile the key players and comprehensively analyze their development plan and strategies. 
To define, describe and forecast the market by product type, market and key regions.

In this study, the years considered to estimate the market size of Bancassurance are as follows: 
History Year: 2014-2018 
Base Year: 2018 
Estimated Year: 2019 
Forecast Year 2019 to 2025 
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

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Major Key Points in Table of Content

1 Report Overview 
1.1 Study Scope 
1.2 Key Market Segments 
1.3 Players Covered 
1.4 Market Analysis by Type 
1.4.1 Global Bancassurance Market Size Growth Rate by Type (2014-2025) 
1.4.2 Life Bancassurance 
1.4.3 Non-Life Bancassurance 
1.5 Market by Application 
1.5.1 Global Bancassurance Market Share by Application (2014-2025) 
1.5.2 Old 
1.5.3 Adults 
1.5.4 Children 
1.6 Study Objectives 
1.7 Years Considered

2 Global Growth Trends 
2.1 Bancassurance Market Size 
2.2 Bancassurance Growth Trends by Regions 
2.2.1 Bancassurance Market Size by Regions (2014-2025) 
2.2.2 Bancassurance Market Share by Regions (2014-2019) 
2.3 Industry Trends 
2.3.1 Market Top Trends 
2.3.2 Market Drivers 
2.3.3 Market Opportunities

….

12 International Players Profiles 
12.1 American Express 
12.1.1 American Express Company Details 
12.1.2 Company Description and Business Overview 
12.1.3 Bancassurance Introduction 
12.1.4 American Express Revenue in Bancassurance Business (2014-2019) 
12.1.5 American Express Recent Development 
12.2 Banco Santander 
12.2.1 Banco Santander Company Details 
12.2.2 Company Description and Business Overview 
12.2.3 Bancassurance Introduction 
12.2.4 Banco Santander Revenue in Bancassurance Business (2014-2019) 
12.2.5 Banco Santander Recent Development 
12.3 BNP Paribas Cardif 
12.3.1 BNP Paribas Cardif Company Details 
12.3.2 Company Description and Business Overview 
12.3.3 Bancassurance Introduction 
12.3.4 BNP Paribas Cardif Revenue in Bancassurance Business (2014-2019) 
12.3.5 BNP Paribas Cardif Recent Development 
12.4 Citigroup 
12.4.1 Citigroup Company Details 
12.4.2 Company Description and Business Overview 
12.4.3 Bancassurance Introduction 
12.4.4 Citigroup Revenue in Bancassurance Business (2014-2019) 
12.4.5 Citigroup Recent Development 
12.5 Crédit Agricole 
12.5.1 Crédit Agricole Company Details 
12.5.2 Company Description and Business Overview 
12.5.3 Bancassurance Introduction 
12.5.4 Crédit Agricole Revenue in Bancassurance Business (2014-2019) 
12.5.5 Crédit Agricole Recent Development 
12.6 HSBC 
12.6.1 HSBC Company Details 
12.6.2 Company Description and Business Overview 
12.6.3 Bancassurance Introduction 
12.6.4 HSBC Revenue in Bancassurance Business (2014-2019) 
12.6.5 HSBC Recent Development 
12.7 ING 
12.7.1 ING Company Details 
12.7.2 Company Description and Business Overview 
12.7.3 Bancassurance Introduction 
12.7.4 ING Revenue in Bancassurance Business (2014-2019) 
12.7.5 ING Recent Development 
12.8 Wells Fargo 
12.8.1 Wells Fargo Company Details 
12.8.2 Company Description and Business Overview 
12.8.3 Bancassurance Introduction 
12.8.4 Wells Fargo Revenue in Bancassurance Business (2014-2019) 
12.8.5 Wells Fargo Recent Development

Continued….

 

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