(MoneyNewsWire.Net, July 03, 2018 ) The Global Bancassurance Market Report is a professional and in-depth study on the current state of the Bancassurance industry. The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Bancassurance market analysis is provided for the international market including development history, competitive landscape analysis, and major regions' development status.
Bankassurance is a relationship between a bank and an insurance company, aimed at offering insurance products or insurance benefits to the bank's customers. In this partnership, bank staff and tellers become the point of sale and point of contact for the customer. Bank staff are advised and supported by the insurance company through wholesale product information, marketing campaigns and sales training. The bank and the insurance company share the commission. Insurance policies are processed and administered by the insurance company.This partnership arrangement can be profitable for both companies. Banks can earn additional revenue by selling the insurance products, while insurance companies are able to expand their customer base without having to expand their sales forces or pay commissions to insurance agents or brokers.
The global bancassurance market is a sizable and increasingly important channel for protection products, and is predicted to expand at a compound annual growth rate (CAGR) of 6.16% from 2014 to 2019. The growth rate for bancassurance is four times faster than the growth of life insurance in general in many markets around the world. With this increased opportunity comes increased competition. In order to differentiate themselves, bancassurers in both emerging and mature markets must deliver innovative products aligned with target consumers through efficient distribution channels.
The success of a strategic partnership between banks and insurers is dependent on executive buy-in, which was rated as the top factor for bancassurance success by respondents to RGA Global Surveys on bancassurance conducted in the United Kingdom, South Africa, Australia and New Zealand markets. In these countries, the largest bancassurers distribute insurance products through integrated partnerships which have aligned goals and sales targets for the banks and insurers.
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This report focuses on the global top players, covered
BNP Paribas Cardif
Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients’ information, which is very important for the manufacturers.
Market segment by Regions/Countries, this report covers
Market segment by Type, the product can be split into
Market segment by Application, split into
Brief Overview of “Bancassurance Market” @ http://www.reportsweb.com/global-bancassurance-market-size-status-and-forecast-2025
Industry (Top Players) Profiles Overview of Bancassurance
3 Company (Top Players) Profiles
3.1 American Express
3.1.1 Company Profile
3.1.2 Main Business/Business Overview
3.1.3 Products, Services and Solutions
3.1.4 Bancassurance Revenue (Million USD) (2013-2018)
3.2 Banco Santander
3.2.1 Company Profile
3.2.2 Main Business/Business Overview
3.2.3 Products, Services and Solutions
3.2.4 Bancassurance Revenue (Million USD) (2013-2018)
3.3 BNP Paribas Cardif
3.3.1 Company Profile
3.3.2 Main Business/Business Overview
3.3.3 Products, Services and Solutions
3.3.4 Bancassurance Revenue (Million USD) (2013-2018)
3.4.1 Company Profile
3.4.2 Main Business/Business Overview
3.4.3 Products, Services and Solutions
3.4.4 Bancassurance Revenue (Million USD) (2013-2018)
3.5 Crédit Agricole
3.5.1 Company Profile
3.5.2 Main Business/Business Overview
3.5.3 Products, Services and Solutions
3.5.4 Bancassurance Revenue (Million USD) (2013-2018)
11 Market Forecast by Regions, Type and Application (2018-2025)
11.1 Global Bancassurance Market Size (Value) by Regions (2018-2025)
11.1.1 United States Bancassurance Revenue and Growth Rate (2018-2025)
11.1.2 Europe Bancassurance Revenue and Growth Rate (2018-2025)
11.1.3 China Bancassurance Revenue and Growth Rate (2018-2025)
11.1.4 Japan Bancassurance Revenue and Growth Rate (2018-2025)
11.1.5 Southeast Asia Bancassurance Revenue and Growth Rate (2018-2025)
11.1.6 India Bancassurance Revenue and Growth Rate (2018-2025)
11.2 Global Bancassurance Market Size (Value) by Type (2018-2025)
11.3 Global Bancassurance Market Size by Application (2018-2025)
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Name: Sameer Joshi