The link between the insurance company and a bank that intends at offering insurance products or benefits to the customers of the bank is called bancassurance. The bank staff becomes the point of sale or point of contact for the customers in this partnership. The bank staff is counseled and supported by the insurance company by giving the complete product information, sales training and marketing campaigns. After the complete transaction is done the bank and the insurance company split the commission so obtained. Insurance policies that are sold by the banks are processed and further administered by the insurance company itself. This partnership can prove to be profitable for both sides. The banks can make additional revenue by promoting and selling the insurances, on the other hand, the insurance companies expand their customer base without expanding their sales team or paying extra commissions to the brokers or agents. This partnership has proved as an effective distribution channel in many countries.
Some of the key players profiled in the study are:
SBI (India),American Express (United States),ICICI (India),Barclays (United Kingdom),BNP Paribas (France),Santander (Spain),HSBC (United Kingdom),Société Générale (France) ,Standard Chartered (United Kingdom),Citigroup (United States),Raiffeisen Bankegruppe (Austria),Crédit Agricole (France),Scotiabank (Canada),Crédit Mutuel (France),UniCredit (Italy)
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Advance Market Analytics published a new research publication on “Global Bancassurance Market Insights, to 2026” with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Bancassurance market was mainly driven by the increasing R&D spending across the world.
The titled segments and sub-section of the market are illuminated below:
by Type (Leveraged Life Distribution, Leveraged Bank Distribution, Bank/Life Venture), Application (Life Insurance, Health Insurance, Others), Business Model (Integrated Models, Advice-Based Models, Open Architecture Models), End-User (Banks, Insurance Companies, Customers)
Market Trend:
Market Drivers:
Market Opportunities:
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
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Strategic Points Covered in Table of Content of Global Bancassurance Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Bancassurance market
Chapter 2: Exclusive Summary – the basic information of the Bancassurance Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Bancassurance
Chapter 4: Presenting the Bancassurance Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020
Chapter 6: Evaluating the leading manufacturers of the Bancassurance market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2021-2026)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
finally, Bancassurance Market is a valuable source of guidance for individuals and companies.
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