Bancassurance Market Booming worldwide USD 1,696 billion by end 2027 Top Leading Vendors Banco Santander, S.A., BNP Paribas S.A., The ING Group, Wells Fargo & Company, Barclays plc, Intesa Sanpaolo S.p.A.

Bancassurance refers to an arrangement between a bank and an insurance firm, wherein the bank can earn additional revenue by selling the products of the insurance company.

Bancassurance Market reached a value of US$ 1,191 Billion in 2020. market to reach a value of US$ 1,696 Billion by 2027, exhibiting a CAGR of around +6% during 2021-2027.

It also helps to expand the financial product portfolio of banks, thereby increasing their turnover with little or no capital outlay which further gives a high return on equity.

Since banks have become the main distribution channels for insurance products, bancassurance also benefits the insurance firms as it increases their market reach and expands their consumer base.

As this arrangement can be profitable for both companies, it is gaining popularity across the globe.

According to a report by the World Health Organization, the proportion of the world's population over 60 years will nearly double from 12% to 22% between 2015 to 2050. As the aging population has a greater need for health and life insurance as well as retirement product plans, this global demographic shift will positively impact the bancassurance industry.

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The key drivers, opportunities, difficulties and the forthcoming trends of the Bancassurance Market is well explained to the viewers for their better understanding. Similarly, its key products, end users, applications and technological details are emphasized in this report.

Key Players
• ABN AMRO Bank N.V.
• The Australia and New Zealand Banking Group Limited
• Banco Bradesco SA
• The American Express Company
• Banco Santander, S.A.
• BNP Paribas S.A.
• The ING Group
• Wells Fargo & Company
• Barclays plc
• Intesa Sanpaolo S.p.A.
• Lloyds Banking Group plc
• Citigroup Inc.
• Crédit Agricole Group
• HSBC Holdings plc

It also examines the growth status in the regions like North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The major difficulties that can hinder the growth of the market is also mentioned in the report.

Market Segmentation
By Product Type
• Life Bancassurance
• Non-Life Bancassurance
By Model Type
• Pure Distributor
• Exclusive Partnership
• Financial Holding
• Joint Venture

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Key highlights of the global Bancassurance Market:
- Full in-depth analysis of the parent market.
- Detailed information on factors that will accelerate the growth of the Bancassurance Market during the next five years.
- Accurate predictions on upcoming trends and changes in consumer behavior.
- Former, on-going, and projected market analysis in terms of volume and value.
- The growth of the Bancassurance industry across the Americas, APAC, and EMEA.
- Comprehensive details on factors that will challenge the growth of Bancassurance companies.

Bancassurance Market is being adopted mainly by manufacturing firms and chemical-based companies to reduce water wastage and for efficient use of their resources. Autocollimator’s technology helps organizations for identification of network problem, enhances customer engagement in water conservation and most prominently used to reduce non-revenue water losses due to damage of infrastructure.

Detailed TOC of Global Bancassurance Market Research Report-
– Bancassurance Market Introduction and Market Overview
– Bancassurance Market, by Application
– Bancassurance Market Industry Chain Analysis
– Bancassurance Market, by Type
– Industry Manufacture, Consumption, Export, Import by Regions
– Industry Value ($) by Region
– Global Bancassurance Market Status and SWOT Analysis by Regions
– Major Region of Bancassurance Market
i) Global Bancassurance Market Sales
ii) Global Bancassurance Market Revenue & market share
– Major Companies List
– Conclusion

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