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Global Bancassurance Market (2021-2026) by Product Type, Model Type, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

  • ID: 5392915
  • Report
  • April 2021
  • Region: Global
  • 168 Pages
  • Infogence Global Research
UP TO OFF
until Dec 31st 2021

FEATURED COMPANIES

  • ABN AMRO Bank N.V.
  • Banco Bradesco SA
  • Barclays plc
  • Citigroup Inc.
  • HSBC Holdings plc
  • Intesa Sanpaolo S.p.A.
According to a report by WHO, the fraction of the world’s population over 60 years will almost twice from 12% to 22% among 2015 to 2050 according to a report by WHO. The factors influencing the bancassurance business are that the early residents have a larger need for health and life insurance and retirement plans. Due to the alliance in the sector, bancassurance is becoming an essential element for the whole expansion of financial services. The market is likely to watch a constant rise in its estimate with the growing internet access and technical innovations affecting consumer behaviors and their procuring shapes.

A rise in the number of dealers or agents drives the overall market growth. The difficulty involved in appealing to their customers for upselling the insurance product is anticipated to restrict the overall industry's growth. The restrain involves the lack of knowledge concerning the insurance plans offered by the bank to their customers hampers the market growth.

Market Segmentation

The Global Bancassurance Market is segmented further based on Product Type, Model Type, and Geography.

By Product Type, the market is classified as life bancassurance and non-life bancassurance. Amongst the two, the life bancassurance segment is estimated to hold the highest market share during the forecast period.

By Model Type, the market is classified as a pure distributor, exclusive partnership, financial holdings, and joint venture. Amongst all, the financial holdings segment is estimated to hold the highest market share during the forecast period.

By Geography, North America is projected to lead the market.

Recent Developments

1. UBS and Zurich Insurance launch bancassurance products for young entrepreneurs. - 5th February 2020.

Company Profiles

Some of the companies covered in this report are ABN AMRO Bank N.V., Banco Bradesco SA, Banco Santander, S.A., Barclays plc, BNP Paribas S.A., Citigroup Inc., etc.

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?
  • The report offers a comprehensive evaluation of the Global Bancassurance Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains a competitive analysis using the Positioning Quadrants, the analyst’s Proprietary competitive positioning tool.
Report Highlights:
  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ABN AMRO Bank N.V.
  • Banco Bradesco SA
  • Barclays plc
  • Citigroup Inc.
  • HSBC Holdings plc
  • Intesa Sanpaolo S.p.A.
1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Shareholders

2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study

3 Executive Summary
3.1 Introduction
3.2 Market Size and Segmentation
3.3 Market Outlook

4 Market Influencers
4.1 Drivers
4.1.1 Growing Economy of the Developing Nations
4.1.2 Increasing Internet Penetration
4.1.3 Demand for Health and Life Insurance with Rising Geriatric Populace
4.2 Restraints
4.2.1 Reduced Awareness Among Consumers
4.3 Opportunities
4.3.1 Growing Private Sector Banking
4.3.2 Rise in Number of Insurance Brokers or Agents
4.4 Challenges
4.4.1 Dearth of Governmental Guidelines to Promote Bancassurance
4.5 Trends

5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter’s Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis

6 Global Bancassurance Market, By Product Type
6.1 Introduction
6.2 Life Bancassurance
6.3 Non – Life Bancassurance

7 Global Bancassurance Market, By Model Type
7.1 Introduction
7.2 Pure Distributor
7.3 Exclusive Partnership
7.4 Financial Holding
7.5 Joint Venture

8 Global Bancassurance Market, By End User
8.1 Introduction
8.2 Emergency Care Departments
8.3 Surgical Rooms
8.4 Intensive Care Units
8.5 Home Care Settings
8.6 Others

9 Global Bancassurance Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 South America
9.3.1 Brazil
9.3.2 Argentina
9.3.3 Chile
9.3.4 Colombia
9.4 Europe
9.4.1 UK
9.4.2 France
9.4.3 Germany
9.4.4 Italy
9.4.5 Spain
9.4.6 Netherlands
9.4.7 Sweden
9.4.8 Russia
9.4.9 Rest of Europe
9.5 Asia-Pacific
9.5.1 China
9.5.2 Japan
9.5.3 India
9.5.4 Indonesia
9.5.5 Malaysia
9.5.6 South Korea
9.5.7 Australia
9.5.8 Sri Lanka
9.5.9 Thailand
9.5.10 Rest of APAC
9.6 Middle-East and Africa
9.6.1 Qatar
9.6.2 Saudi Arabia
9.6.3 South Africa
9.6.4 United Arab Emirates

10 Competitive Landscape
10.1 Competitive Quadrant
10.2 Market Share Analysis
10.3 Strategic Initiatives
10.3.1 M&A and Investments
10.3.2 Partnerships and Collaborations
10.3.3 Product Developments and Improvements

11 Company Profiles
11.1 ABN AMRO Bank N.V.
11.2 American Express
11.3 Banco Bradesco SA
11.4 Banco Santander, S.A.
11.5 Barclays plc
11.6 BNP Paribas S.A.
11.7 Citigroup Inc.
11.8 Crédit Agricole Group
11.9 HSBC Holdings plc
11.10 Intesa Sanpaolo S.p.A.
11.11 ING Group
11.12 Lloyds Banking Group plc
11.13 NongHyup Financial Group
11.14 Nordea Group
11.15 Société Générale S.A.
11.16 The American Express Company
11.17 The Australia a nd New Zealand Banking Group Limited
11.18 The ING Group
11.19 Wells Fargo & Company
11.20 Zurich Insurance Company Ltd

12 Appendix
12.1 Questionnaire
Note: Product cover images may vary from those shown
  • ABN AMRO Bank N.V.
  • American Express
  • Banco Bradesco SA
  • Banco Santander, S.A.
  • Barclays plc
  • BNP Paribas S.A.
  • Citigroup Inc.
  • Crédit Agricole Group
  • HSBC Holdings plc
  • Intesa Sanpaolo S.p.A.
  • ING Group
  • Lloyds Banking Group plc
  • NongHyup Financial Group
  • Nordea Group
  • Société Générale S.A.
  • The American Express Company
  • The Australia a nd New Zealand Banking Group Limited
  • The ING Group
  • Wells Fargo & Company
  • Zurich Insurance Company Ltd
Note: Product cover images may vary from those shown

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