Bancassurance Market - Trends Forecast (2022-2028)

Bancassurance Market, by Product Type (Life Bancassurance and Non-Life Bancassurance), Model Type (Pure Distributor, Excusive Partnership, Financial Holding, and Joint Venture), and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: February, 2022

Base Year Estimate: 2021

Report ID: D-IT-BM-1214

Format:  

Number of Pages: 392

Domain: IT & Telecom

Bancassurance Market – Trends Forecast (2022-2028)

The global Bancassurance Market size is projected to reach a CAGR of 7.9% from 2022-2028.

Bancassurance is relation between insurance and bank that offers the insurance service or insurance plans to the bank customers. In this technique, both bank and insurance company work jointly together to provide insurance to the end-consumer.

In this case banks will encourage their consumers to purchase insurance plan. If the number of insurers increases, then it would be benefit to both bank and insurance company which in-turn decreases the overall costs involved.

Bancassurance Market Analysis Report

APAC will provide maximum growth opportunities in the bancassurance market during the forecast period. According to our research report, the region will contribute 48% of the global market growth and is expected to dominate the market.

Bancassurance Market is segmented into product type, model type and region.

On the basis of Product Type

  • Life Bancassurance
  • Non-Life Bancassurance                        

On the basis of Model Type

  • Pure Distributed
  • Exclusive Partnership
  • Financial Holding
  • Joint Venture

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Bancassurance Market Primary Respondent

 

Key Players

  • American Express Co.
  • Australia and New Zealand Banking Group Ltd.
  • Banco Santander SA
  • Barclays Bank Plc
  • BNP Paribas Cardif
  • Citigroup Inc.
  • Credit Agricole SA
  • HSBC Holdings Plc
  • ING Groep NV
  • Wells Fargo and Co.

Recent Developments

  • FEBRUARY 15, 2022-American Express Announces the “Services that Back Us” Grant Program in Partnership with Main Street America to Support U.S. Small Businesses in the Personal Service Industry.
  • FEBRUARY 09, 2022-Australia's Slyp has experienced a significant show of confidence from the country's big four banks, who have joined a further $25 million funding round in the digital receipt start-up.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Bancassurance Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Growth Rate

CAGR of 7.9% during the forecasting period, 2022-2028

Historical Data

2019-2020

Forecast Years

2022-2028

Base Year

2021

Units Considered

Revenue in USD million and CAGR from 2022 to 2028

Report Segmentation

product type, model type and region.

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

American Express Co., Australia and New Zealand Banking Group Ltd., Banco Santander SA, Barclays Bank Plc, BNP Paribas Cardif, Citigroup Inc., Credit Agricole SA, HSBC Holdings Plc, ING Groep NV and Wells Fargo and Co.

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