Bancassurance Market Projected to Show Strong Growth | Leading Key Players: American Express, Banco Santander, BNP Paribas Cardif

A new business intelligence report released by HTF MI with title “Global Bancassurance Market Size, Status and Forecast 2025” that targets and provides comprehensive market analysis with future prospects to 2023. The analysts of the study have garnered extensive research methodologies and data sources (i.e Secondary & Primary Sources) in order to generate collective and useful information that delivers latest market undercurrents and industry trends.

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If you are involved in the Global Bancassurance industry or intend to be, then this study will provide you comprehensive outlook. It’s vital you keep your market knowledge up to date segmented by major players. If you have a different set of players/manufacturers according to geography or needs regional or country segmented reports we can provide customization according to your requirement.

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.

Competition Analysis:
Some of key competitors or manufacturers included in the study are American Express, Banco Santander, BNP Paribas Cardif, Citigroup, Credit Agricole, HSBC, ING & Wells Fargo

Market Analysis by Types: Life Bancassurance & Non-Life Bancassurance

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Market Analysis by Applications: Old, Adults & Children

Market Analysis by Geographies:
This report is segmented into key Regions United States, Europe, China, Japan, Southeast Asia & India with Production Development, Sales, and Regional Trade & Forecast.
Stay up-to-date with Global Bancassurance market research offered by HTF MI. Check how key trends and emerging drivers are shaping this industry growth as the study avails you with market characteristics, size and growth, segmentation, regional breakdowns, competitive landscape, shares, trend and strategies for this market. In the BancassuranceMarket Analysis & Forecast 2018-2023, the revenue is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2023, growing at a CAGR of XX% between 2018 and 2023. The production is estimated at XX million in 2017 and is forecasted to reach XX million by the end of 2023, growing at a CAGR of XX% between 2018 and 2023.

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Some of the Points cover in Global Bancassurance Market Research Report is:

Chapter 1: Overview of Global Bancassurance Market (2013-2025)
• Definition
• Specifications
• Classification
• Applications
• Regions

Chapter 2: Market Competition by Players/Suppliers 2013 and 2018
• Manufacturing Cost Structure
• Raw Material and Suppliers
• Manufacturing Process
• Industry Chain Structure

Chapter 3: Sales (Volume) and Revenue (Value) by Region (2013-2018)
• Sales
• Revenue and market share

Chapter 4, 5 and 6: Global Bancassurance Market by Type, Application & Players/Suppliers Profiles (2013-2018)
• Market Share by Type & Application
• Growth Rate by Type & Application
• Drivers and Opportunities
• Company Basic Information

Chapter 7, 8 and 9: Global Bancassurance Manufacturing Cost, Sourcing & Marketing Strategy Analysis
• Key Raw Materials Analysis
• Upstream Raw Materials Sourcing
• Marketing Channel

Chapter 10 and 11: Bancassurance Market Effect Factors Analysis and Market Size (Value and Volume) Forecast (2018-2025)
• Technology Progress/Risk
• Sales Volume, Revenue Forecast (by Type, Application & Region)

Chapter 12, 13, 14 and 15: Global Bancassurance Market Research Findings and Conclusion, appendix and data source
• Methodology/Research Approach
• Data Source (Secondary Sources & Primary Sources)
• Market Size Estimation

Some of the key questions answered in this report:

• Detailed Overview of Global Bancassurance market will help deliver clients and businesses making strategies.
• Influencing factors that thriving demand and latest trend running in the market
• What is the market concentration? Is it fragmented or highly concentrated?
• What trends, challenges and barriers will impact the development and sizing of Global Bancassurance market
• SWOT Analysis of each defined key players along with its profile and Porter’s five forces tool mechanism to compliment the same.
• What growth momentum or acceleration market carries during the forecast period?
• Which region may tap highest market share in coming era?
• Which application/end-user category or Product Type [Life Bancassurance & Non-Life Bancassurance] may seek incremental growth prospects?
• What would be the market share of key countries like United States, Europe, China, Japan, Southeast Asia & India etc.?
• What focused approach and constraints are holding the Global Bancassurance market tight?

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