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Bancassurance Market 2019Bankassurance 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
American Express
Banco Santander
BNP Paribas Cardif
Citigroup
Crédit Agricole
HSBC
ING
Wells Fargo
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Market segment by Type, the product can be split into
Life Bancassurance
Non-Life Bancassurance
Market segment by Application, split into
Old
Adults
Children
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Table of Contents –Analysis of Key Points
Global Bancassurance Market Size, Status and Forecast 2025
1 Industry Overview of Bancassurance
1.1 Bancassurance Market Overview
1.1.1 Bancassurance Product Scope
1.1.2 Market Status and Outlook
1.2 Global Bancassurance Market Size and Analysis by Regions (2013-2018)
1.3 Bancassurance Market by Type
1.4 Bancassurance Market by End Users/Application
2 Global Bancassurance Competition Analysis by Players
2.1 Bancassurance Market Size (Value) by Players (2013-2018)
2.2 Competitive Status and Trend
2.2.1 Market Concentration Rate
2.2.2 Product/Service Differences
2.2.3 New Entrants
2.2.4 The Technology Trends in Future
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 Citigroup
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)
3.6 HSBC
3.6.1 Company Profile
3.6.2 Main Business/Business Overview
3.6.3 Products, Services and Solutions
3.6.4 Bancassurance Revenue (Million USD) (2013-2018)
3.7 ING
3.7.1 Company Profile
3.7.2 Main Business/Business Overview
3.7.3 Products, Services and Solutions
3.7.4 Bancassurance Revenue (Million USD) (2013-2018)
3.8 Wells Fargo
3.8.1 Company Profile
3.8.2 Main Business/Business Overview
3.8.3 Products, Services and Solutions
3.8.4 Bancassurance Revenue (Million USD) (2013-2018)
4 Global Bancassurance Market Size by Type and Application (2013-2018)
4.1 Global Bancassurance Market Size by Type (2013-2018)
4.2 Global Bancassurance Market Size by Application (2013-2018)
4.3 Potential Application of Bancassurance in Future
4.4 Top Consumer/End Users of Bancassurance
5 United States Bancassurance Development Status and Outlook
6 Europe Bancassurance Development Status and Outlook
7 China Bancassurance Development Status and Outlook
8 Japan Bancassurance Development Status and Outlook
9 Southeast Asia Bancassurance Development Status and Outlook
10 India Bancassurance Development Status and Outlook
11 Market Forecast by Regions, Type and Application (2018-2025)
11.1 Global Bancassurance Market Size (Value) by Regions (2018-2025)
11.2 Global Bancassurance Market Size (Value) by Type (2018-2025)
11.3 Global Bancassurance Market Size by Application (2018-2025)
12 Bancassurance Market Dynamics
12.1 Bancassurance Market Opportunities
12.2 Bancassurance Challenge and Risk
12.2.1 Competition from Opponents
12.2.2 Downside Risks of Economy
12.3 Bancassurance Market Constraints and Threat
12.3.1 Threat from Substitute
12.3.2 Government Policy
12.3.3 Technology Risks
12.4 Bancassurance Market Driving Force
12.4.1 Growing Demand from Emerging Markets
12.4.2 Potential Application
13 Market Effect Factors Analysis
13.1 Technology Progress/Risk
13.1.1 Substitutes
13.1.2 Technology Progress in Related Industry
13.2 Consumer Needs Trend/Customer Preference
13.3 External Environmental Change
13.3.1 Economic Fluctuations
13.3.2 Other Risk Factors
Continued….
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