Europe Bancassurance Market Size to Reach US$ 766 Billion 2022-2027 | Industry CAGR of 5.4%

According to the latest report by IMARC Group "Europe Bancassurance Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", The Europe bancassurance market size reached US$ 557 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 766 Billion by 2027, exhibiting a growth rate (CAGR) of 5.4% during 2022-2027. 

Bancassurance refers to the joint efforts between banks and insurance companies that enable banks to offer their customers financial products and insurance services. This business model assists banks in expanding their product portfolio and aids insurance companies in increasing their geographical presence. The most common bancassurance services include endowments, unit-linked insurance plans (ULIPs), property, and health insurance plans.

Request for a free sample copy of this report: https://www.imarcgroup.com/europe-bancassurance-market/requestsample

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Europe Bancassurance Market Trends:

The Europe bancassurance market is primarily driven by the growing financial, banking, and insurance sectors across the region. Besides this, numerous key players are engaging in merger and acquisition (M&A) activities and partnerships to create several growth opportunities in the market. In addition, a strong bancassurance strategy assists in the generation of significant incomes through management fees for the banks, retention of new and existing customers, and customization of products and services. Moreover, the market is also influenced by the agreements between multinational insurance companies and regional financial service providers. Furthermore, the rising number of brokers and agents in the European region is also anticipated to propel the market in the coming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Europe bancassurance market report, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on product type and model type.

Breakup by Product Type:

Life Bancassurance
Non-Life Bancassurance

Breakup by Model Type:

Pure Distributor
Exclusive Partnership
Financial Holding
Joint Venture

Breakup by Country:

Germany
France
United Kingdom
Italy
Spain
Others
Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/europe-bancassurance-market

Note: We are updating our reports, if you want the report with the latest primary and secondary data (2023-2028) including industry trends, market size and competitive landscape, etc. click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Other Related Reports By IMARC Group

United States Bancassurance Market: https://www.imarcgroup.com/united-states-bancassurance-market

India Health Insurance Market: https://www.imarcgroup.com/india-health-insurance-market

Usage-based Insurance Market: https://www.imarcgroup.com/usage-based-insurance-market

Cyber Insurance Market: https://www.imarcgroup.com/cyber-insurance-market

Health Insurance Market: https://www.imarcgroup.com/health-insurance-market

Contact US

IMARC Group

30 N Gould St Ste R

Sheridan, WY 82801 USA - Wyoming

Email: Sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.