Bancassurance Market Expanding at a CAGR of 5.9% Over the Forecast Duration of 2022-2030

Bancassurance is a financial partnership between a bank and an insurance business in which the bank receives additional revenue and profit by selling the insurance company's policies. It covers endowment, unit-linked insurance plans (ULIPs), marine, health, and property insurance plans and policies. It assists banks in diversifying their product portfolios, increasing turnover without requiring more capital, and providing a high return on equity. Aside from that, it is getting a lot of momentum around the world because it helps insurance firms increase their sales and profits by expanding their market reach and customer base.

Bancassurance Market valued at US$ 1343.55 Billion in 2022 is expected to reach a value of US$2125.31 Billion by 2030, exhibiting a CAGR of 5.9%.

Bancassurance is a partnership between a bank and an insurance business that allows the insurer to offer its policies and services to the bank's clients. Both banks and insurance companies can gain from such an agreement. The agreement allows banks to sell a variety of insurance products, including mortgages, annuities, and health and life insurance, allowing them to expand their market reach while also increasing their equity return and successfully strengthening their financial portfolio. By selling insurance plans, banks can generate additional revenue and profits in the long run. Insurance businesses, on the other hand, can efficiently grow their customer base without having to hire new salespeople or pay commission to brokers and agents. Given the world's ageing population and, as a result, the rising demand for services

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Global Bancassurance Market: Segmentations
Key Players
• ABN AMRO Bank N.V.
• American Express Company
• Banco Bradesco SA
• Banco Santander, S.A.
• Barclays plc
• BNP Paribas
• Citigroup, Inc.
• Crédit Agricole
• HSBC Group
• ING Group
• Intesa Sanpaolo Group
• Lloyds Banking Group
• Mitsubishi UFJ Financial Group Inc.
• Mizuho Financial Group, Inc.
• NongHyup Financial Group
• Nordea Bank
• Royal Bank of Canada
• Societe Generale
• Wells Fargo

Based On Type:
• Life Bancasuurance
• Non-Life Bancassurance
• Based on Model
• Joint Venture
• Financial Holding
• Exclusive
• Pure Distributor

Table Of Contents
1. Global Bancassurance Market Introduction and Market Overview
2. Global Bancassurance Market - Executive Summary
3. Bancassurance Market Trends, Outlook, and Factors Analysis
4. Global Bancassurance Market: Estimates & Historic Trend Analysis (2018 to 2021)
5. Global Bancassurance Market Estimates & Forecast Trend Analysis, by Component
6. Global Bancassurance Market Estimates & Forecast Trend Analysis, by Type
7. Global Bancassurance Market Estimates & Forecast Trend Analysis, by Mobility
8. Global Bancassurance Market Estimates & Forecast Trend Analysis, by Body part
9. Global Bancassurance Market Estimates & Forecast Trend Analysis, by Treatment type
10. Global Bancassurance Market Estimates & Forecast Trend Analysis, by Application
11. Global Bancassurance Market Analysis and Forecast, by Region
12. North America Bancassurance Market: Estimates & Forecast Trend Analysis
13. Europe Bancassurance Market: Estimates & Forecast Trend Analysis
14. Asia Pacific Bancassurance Market: Estimates & Forecast Trend Analysis
15. Middle East & Africa Bancassurance Market: Estimates & Forecast Trend Analysis
16. Latin America Bancassurance Market: Estimates & Forecast Trend Analysis
17. Competitive Landscape
18. Company Profiles
19. Assumptions and Research Methodology
20. Conclusions and Recommendations

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