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United States Bancassurance Market Size Cross to Revenue US$ 57.6 Billion by 2027 | CAGR of 5.47%

04-05-2023 09:00 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

United States Bancassurance Market Size Cross to Revenue US$

According to the latest report by IMARC Group "United States Bancassurance Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", The United States bancassurance market size reached US$ 41.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 57.6 Billion by 2027, exhibiting a growth rate (CAGR) of 5.47% during 2022-2027. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Bancassurance refers to an affiliation between a bank and insurance firm that permits the organization to offer various insurance plans, products, and services. It is widely employed in the banking, financial services, and insurance (BFSI) industry for improving the overall sales, profit, and product portfolios offered by a firm. Bancassurance can be differentiated into two approaches, including integrated and non-integrated models. Amongst these, the integrated model is associated with banks whereas, the non-integrated model is joint with the official financial service.

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

United States Bancassurance Market Trends and Drivers:

Numerous initiatives undertaken by the Federal Government of the United States to improve the BFSI industry infrastructure are majorly driving the United States bancassurance market. The rising requirement for effective insurance policies amongst the geriatric population is further contributing the market growth. Other than this, the increasing utilization of smart devices across different financial institutions, such as smartphones, computers, and laptops, is increasingly influencing consumer purchasing patterns, which is creating a positive outlook for the market across the country.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Product Type:

Life Bancassurance
Non-Life Bancassurance

Breakup by Model Type:

Pure Distributor
Exclusive Partnership
Financial Holding
Joint Venture

Breakup by Region:

Northeast
Midwest
South
West

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/united-states-bancassurance-market

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

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.

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Contact US

IMARC Group

Email: sales@imarcgroup.com

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Address: 134 N 4th St. Brooklyn, NY 11249, USA 

Follow us on Twitter: @imarcglobal

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.

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