Bancassurance Market 2018 Global Trends, Share,Growth, Region and Forecast to 2023

1. Global Bancassurance Market Report & Growth Analysis by 2023 Copyright © IMARC Service Pvt Ltd. All Rights Reserved

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3. Report Description and Highlights Report Description Bancassurance Market Report By Product (Life Bancassurance and Non-Life Bancassurance), Bancassurance Models (Pure Distributor, Exclusive Partnership, Financial Holding and Joint Venture), Region The global bancassurance market is envisaged to witness a healthy growth in the near future due to various favourable factors such as benefits for both insurance companies and banks, increasing awareness about bancassurance, ageing population, rising private banking sector and thriving developing economies. Market Overview: IMARC Group’s latest report, titled “Bancassurance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, estimates that the global bancassurance market reached a value of more than US$ 1,100 Billion in 2017, registering a CAGR of 6.4% during 2010-2017. Bancassurance refers to the partnership between a bank and an insurance company, wherein the insurance company is enabled to sell its products by using bank as a distribution channel. This collaboration helps the bank in earning a revenue, apart from the interest, also known as fee-based income. Whereas, the insurance company gets to expand its consumer-base without rising its broker commissions and sales force.

4. Report Description and Highlights Report Description With bancassurance, these institutions offer a wide range of banking as well as investment products and services to the consumers, such as health insurance along with mortgage, life insurance, and annuities. These products tend to complement the existing bank products which further leads to additional selling opportunities for both the insurance company and bank. Global Bancassurance Market Drivers: Selling insurance through banks is a cost-effective affair than approaching customers through an agent. Agent’s involvement increases labour cost for the insurance company, thereby decreasing its profit margins. As a result, banking sector has appeared to be a potential distribution channel for insurance products. Further, the adoption of advanced technologies by the private sector banks have resulted in superior customer services for an increasingly sophisticated client base. In addition to this, these banks are continuously revising their policies in order to sustain escalating market competition which is expected to boost the market performance in short and medium terms. Moreover, economic growth, expanding middle-class population and inflating income levels in the emerging economies, such as Asia Pacific and Latin America, have created immense growth prospect for the bancassurance market. Due to the aforementioned forces, the market value is anticipated to reach US$ 1,571 Billion by 2023, exhibiting a CAGR of more than 6% during 2018-2023. For more information, click here: https://www.imarcgroup.com/bancassurance-market

5. Market Forecast Sample Figure: Global: Bancassurance Market Forecast: Sales Value (in Billion US$), 2018-2023

6. Market Segmentation Report Description • Bancassurance Market Segmentation: • Market Segmentation by Product • Life Bancassurance • Non-Life Bancassurance • The market has been bifurcated on the basis of product type into life and non-life bancassurance. At present, life bancassurance accounts for more than three-fourth of the total market share. This can be attributed to rising awareness about bancassurance among the consumers. • Market Segmentation by Bancassurance Models • Pure Distributor • Exclusive Partnership • Financial Holding • Joint Venture • Request for a sample report: https://www.imarcgroup.com/request?type=report&id=982&flag=B

7. Market Segmentation Report Description • On the basis of type of bancassurance models, the market has been categorised into exclusive partnership, financial holding, pure distributor, joint venture and others. Currently, pure distributor represents the most popular model type of bancassurance as it offers added sales opportunities with minimum investment to both banks and insurance companies. • Market Segmentation by Region • North America • Europe • Asia Pacific • Latin America • Middle East and Africa • Region-wise, Europe is the largest market for bancassurance, holding a dominant share of the global market. This can be ascribed to favourable tax structure and initiatives undertaken by various governments in the region. Other major regions include Asia Pacific, Latin America, North America, and the Middle East and Africa.

8. Regional Segmentation North America Europe Asia- Pacific Middle East and Africa Latin America

9. Market Segmentation Report Description • Competitive Landscape: • The competitive landscape of the market has also been examined with some of the key players. • ABN AMRO • ANZ • Banco Bradesco • American Express • Banco Santander • BNP Paribas • ING Group • Wells Fargo • Barclays • Intesa Sanpaolo • Others • In case you have a very specific customized or specific niche needs, we can work around the scope of work and assist you with the tailor made solution. The topics covered could be technology, markets, competition, pricing trends, P&L analysis, cost analysis, price bench marking or it could also be supplementing you with the weekly or fortnight reports.

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13. Report Description and Highlights Report Description © 2018 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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