Global Bancassurance Market Size, Status and Forecast 2019-2025

Published On: Jun 2019

Format: PDF

Publisher: QY Research

Pages: 92

Report ID: 1673

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

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.

Table of Contents

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

3 Market Share by Key Players
3.1 Bancassurance Market Size by Manufacturers
3.1.1 Global Bancassurance Revenue by Manufacturers (2014-2019)
3.1.2 Global Bancassurance Revenue Market Share by Manufacturers (2014-2019)
3.1.3 Global Bancassurance Market Concentration Ratio (CR5 and HHI)
3.2 Bancassurance Key Players Head office and Area Served
3.3 Key Players Bancassurance Product/Solution/Service
3.4 Date of Enter into Bancassurance Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Type and Application
4.1 Global Bancassurance Market Size by Type (2014-2019)
4.2 Global Bancassurance Market Size by Application (2014-2019)

5 United States
5.1 United States Bancassurance Market Size (2014-2019)
5.2 Bancassurance Key Players in United States
5.3 United States Bancassurance Market Size by Type
5.4 United States Bancassurance Market Size by Application

6 Europe
6.1 Europe Bancassurance Market Size (2014-2019)
6.2 Bancassurance Key Players in Europe
6.3 Europe Bancassurance Market Size by Type
6.4 Europe Bancassurance Market Size by Application

7 China
7.1 China Bancassurance Market Size (2014-2019)
7.2 Bancassurance Key Players in China
7.3 China Bancassurance Market Size by Type
7.4 China Bancassurance Market Size by Application

8 Japan
8.1 Japan Bancassurance Market Size (2014-2019)
8.2 Bancassurance Key Players in Japan
8.3 Japan Bancassurance Market Size by Type
8.4 Japan Bancassurance Market Size by Application

9 Southeast Asia
9.1 Southeast Asia Bancassurance Market Size (2014-2019)
9.2 Bancassurance Key Players in Southeast Asia
9.3 Southeast Asia Bancassurance Market Size by Type
9.4 Southeast Asia Bancassurance Market Size by Application

10 India
10.1 India Bancassurance Market Size (2014-2019)
10.2 Bancassurance Key Players in India
10.3 India Bancassurance Market Size by Type
10.4 India Bancassurance Market Size by Application

11 Central & South America
11.1 Central & South America Bancassurance Market Size (2014-2019)
11.2 Bancassurance Key Players in Central & South America
11.3 Central & South America Bancassurance Market Size by Type
11.4 Central & South America Bancassurance Market Size by Application

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

13 Market Forecast 2019-2025
13.1 Market Size Forecast by Regions
13.2 United States
13.3 Europe
13.4 China
13.5 Japan
13.6 Southeast Asia
13.7 India
13.8 Central & South America
13.9 Market Size Forecast by Product (2019-2025)
13.10 Market Size Forecast by Application (2019-2025)

14 Analyst's Viewpoints/Conclusions

15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.1.1 Research Programs/Design
15.1.1.2 Market Size Estimation
12.1.1.3 Market Breakdown and Data Triangulation
15.1.2 Data Source
15.1.2.1 Secondary Sources
15.1.2.2 Primary Sources
15.2 Disclaimer
15.3 Author Details