The global bancassurance market is expected to grow at a CAGR of 5.5% during the forecast period, from USD 1.2 trillion in 2018 to USD 1.6 trillion by 2030. The life bancassurance segment is expected to dominate the global market with a share of 59% in 2018 and is projected to grow at a CAGR of 6% during the forecast period, from USD 814 billion in 2018 to USD 1 trillion by 2030. The no-life bancassurance segment is expected to grow at a CAGR of 4%, from USD 456 billion in 2018 to USD 536 billion by 2030, while life bancassurance for kids segment will be growing at a CAGR of 7%, from USD 12 billion in 2018 to $17 billion by 2030. North America was the largest regional market for bancassurance with an estimated revenue share of 39% and it was followed by Europe (27%), Asia Pacific (24%), Latin America (8%) and Middle East & Africa (4%).
- The Bancassurance market is growing because of the increasing number of people who are becoming more aware of the benefits that come with it.
- The Bancassurance market is growing because there are more and more banks that are offering this service to their customers.
- The Bancassurance market is growing because there are many insurance companies that offer this service to their customers, which means they have a lot of competition in this area and they need to keep up with what the other companies are doing in order to stay competitive.
- The Bancassurance market is growing because it's a great way for banks and insurance companies to make money by selling products together, which means they don't have as much competition between each other when it comes to making money from these products, so they can focus on providing better customer service instead of trying to undercut each other on prices all the time like some businesses do when competing against one another for business in general.
- The Bancassurance market is also growing because people who use bancassurance services tend not only buy from one company but also buy from both at once, which means both companies get more business than if someone just bought from one or the other company alone without using bancassurance services at all.
Industry Growth Insights published a new data on “Bancassurance Market”. The research report is titled “Bancassurance Market research by Types (Life Bancassurance, Non-Life Bancassurance, Life bancassurance is the most widely used type which takes up about 59% of the global total revenue., Bancassuranc), By Applications (Adults, Kids, Other, Adults was the most widely used which took up about 44% of the global total in 2018.), By Players/Companies ABN AMRO, ANZ, Banco Bradesco, American Express, Banco Santander, BNP Paribas, ING Group, Wells Fargo, Barclays, Intesa Sanpaolo, Lloyds Banking Group, Citigroup, HSBC, NongHyup Financial Group, Nordea Bank, Bancassuranc”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Bancassurance Market Research Report
By Type
Life Bancassurance, Non-Life Bancassurance, Life bancassurance is the most widely used type which takes up about 59% of the global total revenue., Bancassuranc
By Application
Adults, Kids, Other, Adults was the most widely used which took up about 44% of the global total in 2018.
By Companies
ABN AMRO, ANZ, Banco Bradesco, American Express, Banco Santander, BNP Paribas, ING Group, Wells Fargo, Barclays, Intesa Sanpaolo, Lloyds Banking Group, Citigroup, HSBC, NongHyup Financial Group, Nordea Bank, Bancassuranc
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Bancassurance Market Report Segments:
The global Bancassurance market is segmented on the basis of:
Types
Life Bancassurance, Non-Life Bancassurance, Life bancassurance is the most widely used type which takes up about 59% of the global total revenue., Bancassuranc
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Adults, Kids, Other, Adults was the most widely used which took up about 44% of the global total in 2018.
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABN AMRO
- ANZ
- Banco Bradesco
- American Express
- Banco Santander
- BNP Paribas
- ING Group
- Wells Fargo
- Barclays
- Intesa Sanpaolo
- Lloyds Banking Group
- Citigroup
- HSBC
- NongHyup Financial Group
- Nordea Bank
- Bancassuranc
Highlights of The Bancassurance Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Life Bancassurance
- Non-Life Bancassurance
- Life bancassurance is the most widely used type which takes up about 59% of the global total revenue.
- Bancassuranc
- By Application:
- Adults
- Kids
- Other
- Adults was the most widely used which took up about 44% of the global total in 2018.
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bancassurance Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bancassurance is a financial service that helps banks and other financial institutions provide insurance products to their customers. Bancassurance allows banks to offer a wider range of insurance products, which can be tailored to meet the needs of their customers.
Some of the major companies in the bancassurance market are ABN AMRO, ANZ, Banco Bradesco, American Express, Banco Santander, BNP Paribas, ING Group, Wells Fargo, Barclays, Intesa Sanpaolo, Lloyds Banking Group, Citigroup, HSBC, NongHyup Financial Group, Nordea Bank, Bancassuranc.
The bancassurance market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Bancassurance Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Bancassurance Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Bancassurance Market - Supply Chain
4.5. Global Bancassurance Market Forecast
4.5.1. Bancassurance Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Bancassurance Market Size (000 Units) and Y-o-Y Growth
4.5.3. Bancassurance Market Absolute $ Opportunity
5. Global Bancassurance Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Bancassurance Market Size and Volume Forecast by Type
5.3.1. Life Bancassurance
5.3.2. Non-Life Bancassurance
5.3.3. Life bancassurance is the most widely used type which takes up about 59% of the global total revenue.
5.3.4. Bancassuranc
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Bancassurance Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Bancassurance Market Size and Volume Forecast by Application
6.3.1. Adults
6.3.2. Kids
6.3.3. Other
6.3.4. Adults was the most widely used which took up about 44% of the global total in 2018.
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Bancassurance Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Bancassurance Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Bancassurance Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Bancassurance Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Bancassurance Demand Share Forecast, 2019-2026
9. North America Bancassurance Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Bancassurance Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Bancassurance Market Size and Volume Forecast by Application
9.4.1. Adults
9.4.2. Kids
9.4.3. Other
9.4.4. Adults was the most widely used which took up about 44% of the global total in 2018.
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Bancassurance Market Size and Volume Forecast by Type
9.7.1. Life Bancassurance
9.7.2. Non-Life Bancassurance
9.7.3. Life bancassurance is the most widely used type which takes up about 59% of the global total revenue.
9.7.4. Bancassuranc
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Bancassurance Demand Share Forecast, 2019-2026
10. Latin America Bancassurance Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Bancassurance Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Bancassurance Market Size and Volume Forecast by Application
10.4.1. Adults
10.4.2. Kids
10.4.3. Other
10.4.4. Adults was the most widely used which took up about 44% of the global total in 2018.
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Bancassurance Market Size and Volume Forecast by Type
10.7.1. Life Bancassurance
10.7.2. Non-Life Bancassurance
10.7.3. Life bancassurance is the most widely used type which takes up about 59% of the global total revenue.
10.7.4. Bancassuranc
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Bancassurance Demand Share Forecast, 2019-2026
11. Europe Bancassurance Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Bancassurance Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Bancassurance Market Size and Volume Forecast by Application
11.4.1. Adults
11.4.2. Kids
11.4.3. Other
11.4.4. Adults was the most widely used which took up about 44% of the global total in 2018.
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Bancassurance Market Size and Volume Forecast by Type
11.7.1. Life Bancassurance
11.7.2. Non-Life Bancassurance
11.7.3. Life bancassurance is the most widely used type which takes up about 59% of the global total revenue.
11.7.4. Bancassuranc
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Bancassurance Demand Share, 2019-2026
12. Asia Pacific Bancassurance Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Bancassurance Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Bancassurance Market Size and Volume Forecast by Application
12.4.1. Adults
12.4.2. Kids
12.4.3. Other
12.4.4. Adults was the most widely used which took up about 44% of the global total in 2018.
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Bancassurance Market Size and Volume Forecast by Type
12.7.1. Life Bancassurance
12.7.2. Non-Life Bancassurance
12.7.3. Life bancassurance is the most widely used type which takes up about 59% of the global total revenue.
12.7.4. Bancassuranc
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Bancassurance Demand Share, 2019-2026
13. Middle East & Africa Bancassurance Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Bancassurance Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Bancassurance Market Size and Volume Forecast by Application
13.4.1. Adults
13.4.2. Kids
13.4.3. Other
13.4.4. Adults was the most widely used which took up about 44% of the global total in 2018.
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Bancassurance Market Size and Volume Forecast by Type
13.7.1. Life Bancassurance
13.7.2. Non-Life Bancassurance
13.7.3. Life bancassurance is the most widely used type which takes up about 59% of the global total revenue.
13.7.4. Bancassuranc
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Bancassurance Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Bancassurance Market: Market Share Analysis
14.2. Bancassurance Distributors and Customers
14.3. Bancassurance Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABN AMRO
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ANZ
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Banco Bradesco
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. American Express
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Banco Santander
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. BNP Paribas
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. ING Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Wells Fargo
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Barclays
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Intesa Sanpaolo
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Lloyds Banking Group
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Citigroup
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. HSBC
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. NongHyup Financial Group
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Nordea Bank
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Bancassuranc
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
