Market Research Logo

Global Bancassurance Market 2015-2019

Global Bancassurance Market 2015-2019

About Bancassurance

Bancassurance, or bank insurance model (BIM), refers to an arrangement wherein insurance products are sold through banking channels via tie-ups. This is the result of the amalgamation of a bank and an insurance company aiming to reach out to a wider customer base. The concept originated in Europe in the 1980s and has now become popular the world over. Consolidation in the financial services sector is resulting in bancassurance becoming vital to the growth of the overall financial services market.

Technavio's analysts forecast the global bancassurance market to grow at a CAGR of 6.16% over the period 2014-2019.

Covered in this report

In this report, Technavio covers the present scenario and growth prospects of the global bancassurance market for the period 2015–2019. To determine the market size, we use the total value of premiums collected by banks for the insurance policies sold to their customers. The market can be segmented into two: life bancassurance and non-life bancassurance.

Technavio's report, Global Bancassurance Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers APAC, Europe, Latin America, MEA, and North America; it also covers the landscape of the global bancassurance market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.Key regions

  • APAC
  • Europe
  • Latin America
  • MEA
  • North America
Key vendors
  • American Express
  • Banco Santander
  • BNP Paribas Cardif
  • Citigroup
  • Crédit Agricole
  • HSBC
  • ING
  • Wells Fargo
Other prominent vendors
  • ABN AMRO
  • ANZ
  • Banco Bradesco
  • Barclays
  • Crédit Mutuel
  • Intesa Sanpaolo
  • Lloyds Bank Group
  • NongHyup Financial Group
  • Nordea Group
  • Société Générale
Market driver
  • Enhancement in product portfolio of banks
  • For a full, detailed list, view our report
Market challenge
  • Risk to reputation of banks
  • For a full, detailed list, view our report
Market trend
  • Expansion by foreign insurers into emerging markets
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Bancassurance Market 2015-2019

Technavio recognizes the following companies as the key players in the Global Bancassurance Market: Crédit Agricole, ING Groep, BNP Paribas Cardif, HSBC, Santander UK, Citigroup, Wells Fargo and American Express

Other Prominent Vendors in the market are: ABN AMRO, ANZ, Banco Bradesco, Barclays, Crédit Mutuel, Intesa Sanpaolo, Lloyds Bank Group, NongHyup Financial Group, Nordea Group, and Société Générale

Commenting on the report, an analyst from Technavio’s team said: “Emerging markets such as China and India are exhibiting high growth potential for bancassurance. The regulatory authorities have recognized the potential of the bancassurance model in these countries and have relaxed their norms to encourage private insurance players to integrate with banks.”

According to the report, the bancassurance model helps banks to increase their financial product portfolio and cross-sell insurance products. As insurance is an integral part of financial planning for an individual or enterprise, the addition of insurance products to the product portfolio creates income streams and enhances the banks' revenue.

Further, the report states that it is difficult for banks to position themselves to sell insurance products, especially in countries where the market penetration of banks is already low. Therefore, market positioning and branding to promote banks as a potential insurance distributor is crucial in bancassurance. However, it is expensive and requires huge effort.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Market sizing approach
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Insurance: an overview
    • Global insurance market
      • Table Global insurance market by product 2014
    • Insurance distribution channels
      • Table Dominant distribution channels in various geographies 2014
      • Table Positivity in experience with insurance channels by region 2014
    • Bancassurance: An overview
      • Table Bancassurance structures
      • Table Insurance underwriter by type 2014
      • Table Roles and responsibilities based on bancassurance model
      • Table Comparative analysis of agent and broker models
  • Market landscape
    • Market overview
      • Table Benefits of bancassurance model
      • Table Insurance across all channels versus bancassurance by geography 2014
    • Market size and forecast
      • Table Global bancassurance market 2014-2019 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Global bancassurance market by product
      • Table Global bancassurance market by product
      • Table Global bancassurance market segmentation by product 2014
      • Table Global bancassurance market segmentation by product 2019
      • Table Global bancassurance market segmentation by product 2014-2019 ($ billions)
      • Table Global bancassurance market segmentation by product 2014-2019
    • Global life bancassurance market
      • Table Global life bancassurance market 2014-2019 ($ billions)
    • Global non-life bancassurance market
      • Table Global non-life bancassurance market 2014-2019 ($ billions)
      • Table Global bancassurance market by product 2014-2019 ($ billions)
      • Table Global bancassurance market by product 2014-2019
  • Geographical segmentation
    • Global bancassurance market by geography
      • Table Global bancassurance market segmentation by geography 2014
      • Table Global bancassurance market segmentation by geography 2019
      • Table Global bancassurance market segmentation by geography 2014-2019 ($ billions)
      • Table Global bancassurance market segmentation by geography 2014-2019
    • Bancassurance market in Europe
      • Table Bancassurance market in Europe 2014-2019 ($ billions)
      • Table Bancassurance penetration in Europe by product 2014
    • Bancassurance market in APAC
      • Table Bancassurance market in APAC 2014-2019 ($ billions)
      • Table Bancassurance penetration in APAC by product 2014
    • Bancassurance market in Latin America
      • Table Bancassurance market in Latin America 2014-2019 ($ billions)
      • Table Bancassurance penetration in Latin America by product 2014
    • Bancassurance market in North America
      • Table Bancassurance market in North America 2014-2019 ($ billions)
    • Bancassurance market in MEA
      • Table Bancassurance market in MEA 2014-2019 ($ billions)
      • Table Global bancassurance market by geography 2014-2019 ($ billions)
      • Table Global bancassurance market by geography 2014-2019
  • Market growth drivers
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Table Penetration of bancassurance in life insurance sector in Europe 2014
  • Vendor landscape
    • Competitive scenario
    • Market vendor ranking analysis 2014
      • Table Global bancassurance market by vendor ranking 2014
    • Other prominent vendors
  • Key vendor analysis
    • American Express
    • BNP Paribas
    • Citigroup
    • Crédit Agricole
    • HSBC
      • Table HSBC: Business segmentation 2014 by revenue
      • Table HSBC: Business segmentation by revenue 2013 and 2014 ($ million)
      • Table HSBC: Geographical segmentation by revenue 2014
    • ING
    • Santander UK
    • Wells Fargo
  • Other prominent vendors
    • ABN AMRO
      • Table End-user segmentation: ABN AMRO
    • ANZ
      • Table Business segmentation: ANZ
    • Banco Bradesco
      • Table Business segmentation: Banco Bradesco
    • Barclays
      • Table Business segmentation: Barclays
    • Crédit Mutuel
    • Intesa Sanpaolo
      • Table Business segmentation: Intesa Sanpaolo
    • Lloyds Bank Group
      • Table Product and service segmentation: Lloyds Bank Group
    • NongHyup Financial Group
      • Table Business segmentation: NongHyup Financial Group
    • Nordea Group
      • Table Business segmentation: Nordea Group
    • Société Générale
      • Table Business segmentation: Société Générale
  • Appendix
    • List of abbreviation
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report