The global bancassurance market size reached around US$ 1,166 Billion in 2018. The market is further projected to reach a value of US$ 1,665 Billion by 2024, growing at a CAGR of 6.1% during 2019-2024. 

Bancassurance refers to an agreement between a bank and an insurance company, in which the bank can obtain additional income by selling the products of the insurance company. It also helps expand banks' financial products portfolio, which increases their turnover with little or no capital outlay, which provides a high return on capital. Since banks have become the main distribution channels for insurance products, bancassurance also benefits insurance companies as their market reach increases and their consumer base expands. As this agreement can be profitable for both companies, it is gaining popularity worldwide.

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Some of the major key players in the global Bancassurance market are frequently prospering for the betterment of their services and offer augmented and innovative products to their patrons. In addition to this, these companies are inclined to strategic business activities which includes partnerships, joint venture and acquisitions. Likewise, the companies are now using newer technologies and are blending towards it to attract more customers.

Global key players of Bancassurance

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

NongHyup Financial Group

Société Générale S.A.

Nordea Group

The detailed segments and sub-segment of the market are explained below:

By Type:

Life Bancassurance

Non-Life Bancassurance

By Application:

Old

Adults

Children

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Table of content

Chapter 1 Global Bancassurance Market Overview

Chapter 2 Global Economic Impact on Bancassurance Industry

Chapter 3 Global Bancassurance Market Competition by Manufacturers

Chapter 4 Global Bancassurance Production, Revenue (Value) by Region (2012-2018)

Chapter 5 Global Bancassurance Supply (Production), Consumption, Export, Import by Regions (2012-2018)

Chapter 6 Global Bancassurance Production, Revenue (Value), Price Trend by Type

Chapter 7 Global Bancassurance Market Analysis by Application

Chapter 8 Bancassurance Manufacturing Cost Analysis

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

To continue ……..

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