Global Bancassurance Market Analysis, Trends and Opportunities 2019-2025
A new market study, titled “Global Bancassurance
Market Analysis,
Trends and Opportunities 2019-2025” has been featured on
WiseGuyReports.
This report studies the global Bancassurance market size,
industry status and forecast, competition landscape and growth opportunity.
This research report categorizes the global Bancassurance market by companies,
region, type and end-use industry.
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 2017, 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 2018-2025.
This report focuses on the global top players, covered
American Express
Banco Santander
BNP Paribas Cardif
Citigroup
Crédit Agricole
HSBC
ING
Wells Fargo
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Market segment by Type, the product can be split into
Life Bancassurance
Non-Life Bancassurance
Market segment by Application, split into
Old
Adults
Children
The study objectives of this report are:
To study and forecast the market size of Bancassurance in
global market.
To analyze the global key players, SWOT analysis, value and
global market share for top players.
To define, describe and forecast the market by type, end use
and region.
To analyze and compare the market status and forecast
between China and major regions, namely, United States, Europe, China, Japan,
Southeast Asia, India and Rest of World.
To analyze the global key regions market potential and
advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or
inhibiting the market growth.
To analyze the opportunities in the market for stakeholders
by identifying the high growth segments.
To strategically analyze each submarket with respect to
individual growth trend and their contribution to the market
To analyze competitive developments such as expansions,
agreements, new product launches, and acquisitions in the market
To strategically profile the key players and comprehensively
analyze their growth strategies.
In this study, the years considered to estimate the market
size of Bancassurance are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
For the data information by region, company, type and
application, 2017 is considered as the base year. Whenever data information was
unavailable for the base year, the prior year has been considered.
Key Stakeholders
Bancassurance Manufacturers
Bancassurance Distributors/Traders/Wholesalers
Bancassurance Subcomponent Manufacturers
Industry Association
Downstream Vendors
Available Customizations
With the given market data, QYResearch offers customizations
according to the company's specific needs. The following customization options
are available for the report:
Regional and country-level analysis of the Bancassurance
market, by end-use.
Detailed analysis and profiles of additional market players.
FOR MORE DETAILS:
https://www.wiseguyreports.com/reports/3252674-global-bancassurance-market-size-status-and-forecast-2025
About Us:
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