HSBC, American Express Profiled in Bancassurance Market Analysis Report to 2023 | Banco Santander, BNP Paribas Cardif, Citigroup, Credit Agricole

Market Study Report recently introduced new title on “2018-2023 Global Bancassurance Market Report” from its database. The report provides study with in-depth overview, describing about the Product, Industry Scope and elaborates market outlook and status to 2023.

The research analysts in their primary research observed that the rapid growth of the Bancassurance market over the forecast period is expected to open potential opportunities for the Bancassurance manufacturers in the global market. The global Bancassurance markets segmented on the basis of the product, end-user, and the geographical regions.

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.

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This Report Focusing on Following Key Manufactures By Significant Research
American Express
Banco Santander
BNP Paribas Cardif
Citigroup
Credit Agricole
HSBC
ING
Wells Fargo

The Bancassurance Report consists of all the basic information regarding the Bancassurance market. The all-inclusive report will aid users to understand the market current trends, industry growth drivers, share, analysis, size, production, forecast trends, supply, sales, demands, and many other aspects. The analysis is accomplish using an objective amalgamation of primary and secondary data including contributions from major participants in the market. The global Bancassurance report is an essential reserve of data, primarily for the industry administrators.

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.

Segmentation by product type:
Life Bancassurance
Non-Life Bancassurance

Segmentation by application:
Old
Adults
Children

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Key Regions, covers:
Americas (United States, Canada, Mexico, Brazil)
APAC (China, Japan, Korea, Southeast Asia, India, Australia)
Europe (Germany, France, UK, Italy, Russia, Spain)
Middle East & Africa (Egypt, South Africa, Israel, Turkey, GCC Countries)

Research objectives

To study and analyze the global Bancassurance consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Bancassurance market by identifying its various subsegments.
Focuses on the key global Bancassurance manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Bancassurance with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Bancassurance submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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