Authored By: Sarah
06 Jan 2022

Bancassurance Market | Leading Segments, Trends, Drivers and Challenges

Market Recovery and Growth Projections 2021-2025

The bancassurance market is expected to grow by $ 354.08 bn, accelerating at a CAGR of almost 6% during the forecast period. Technavio’s research reports offer a detailed analysis of the market segments, delving deep into the factors that will lead to the growth of each segment. It also offers insights that are likely to have a negative impact on market growth. This comprehensive analysis of the market will enable clients to identify areas of growth and steer clear of the low-performing segments.


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Bancassurance Market Size to Grow by $ 354.08 bn through 2021-2025 | Leading Segments and Market Trends

Bancassurance Market: Market Segments and Growth Forecasts

This research report will provide insights into the current market share of each segment along with growth projections for the next five years.

  • Market is segmented by Product (Life bancassurance and Non-life bancassurance) and Geography (APAC, Europe, South America, North America, and MEA).
  • 48% of the market growth will originate from APAC during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Bancassurance Market size.

Bancassurance Market Size to Grow by $ 354.08 bn through 2021-2025 | Leading Segments and Market Trends

Bancassurance Market: Trends, Drivers, Challenges

The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.

  • Increased need for insurance will be a significant factor in driving the growth of the Bancassurance Market.
  • Increase in the number of HNWIs in developing regions will be instrumental in driving the market growth during the forecast period.
  • Risk to reputation is a hurdle that needs to be crossed on the path to success.

Bancassurance Market: Vendor Analysis

  • The market is fragmented.
  • American Express Co., Australia and New Zealand Banking Group Ltd., Banco Santander SA, Barclays Bank Plc, BNP Paribas Cardif, Citigroup Inc., Credit Agricole SA, HSBC Holdings Plc, ING Groep NV, and Wells Fargo and Co. are some of the major market participants.
  • The unprecedented outbreak of COVID-19 in 2020 has had a significant impact on market segments had a ripple effect on various stakeholders. Our vendor analysis and insights will provide you with all the information required to make the most of the opportunities and plan business recovery and growth post the pandemic.

Key Areas Covered in our Report:

  • Bancassurance Market Split by Product
    • Life bancassurance
    • Non-life bancassurance
  • Bancassurance Market Split by Geography
    • APAC
    • Europe
    • South America
    • North America
    • MEA

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Competitive scenario
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • American Express Co.
  • Australia and New Zealand Banking Group Ltd.
  • Banco Santander SA
  • Barclays Bank Plc
  • BNP Paribas Cardif
  • Citigroup Inc.
  • Credit Agricole SA
  • HSBC Holdings Plc
  • ING Groep NV
  • Wells Fargo and Co.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market will accelerate at a CAGR of over 6%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 354.08 bn through 2021-2025.

     
  3. What is a key factor driving this market?
    Increased need for insurance will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    APAC, Europe, South America, North America, and MEA are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    48% growth will originate from APAC

     
  6. Who are the leading market vendors?
    The leading vendors in this market are American Express Co., Australia and New Zealand Banking Group Ltd., Banco Santander SA, Barclays Bank Plc, BNP Paribas Cardif, Citigroup Inc., Credit Agricole SA, HSBC Holdings Plc, ING Groep NV, and Wells Fargo and Co.

     
  7. What are the market segments covered in this report?
    The market is segmented by Product (Life bancassurance and Non-life bancassurance) and Geography (APAC, Europe, South America, North America, and MEA)

Bancassurance Market: Key Drivers and Segmentation

Market Insights to Drive Recovery from COVID-19

The Bancassurance Market is projected to post an incremental growth of $ 354.08 bn, at a CAGR of over 6% till 2025. This research report provides detailed insights into growth drivers that are likely to boost the market. It also provides an analysis of all the segments, trends and challenges that are expected to impact the market in focus. This research will thus equip business leaders with data and insights necessary for designing future ready strategies for growth and development.


Request for our free sample report to get a glimpse into our exhaustive research and analysis: Download FREE Sample Report


Bancassurance Market: Top Drivers for Growth

One of the key factors that will drive growth is Increased need for insurance. This research report provides a comprehensive analysis of this and all the other factors that will boost growth during the forecast period. In addition to market drivers, our research report also studies the latest trends and challenges that are likely to influence growth in the current market scenario. Our analysis is designed to empower clients with actionable insights that will help them leverage growth opportunities and formulate winning strategies to drive their business further.

Bancassurance Market Size to Grow by $ 354.08 bn through 2021-2025 | Leading Segments and Market Trends

Bancassurance Market: Segments and Geographical Regions

This research report provides insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges on each market segment along with insights into the way forward. These insights will equip clients with information that will help them design a growth strategy for their business and area of operation. Bancassurance Market is segmented by Product (Life bancassurance and Non-life bancassurance) and Geography (APAC, Europe, South America, North America, and MEA). Request our Free Sample Report

Bancassurance Market: American Express Co., Australia and New Zealand Banking Group Ltd., Banco Santander SA, Barclays Bank Plc, BNP Paribas Cardif, Citigroup Inc., Credit Agricole SA, HSBC Holdings Plc, ING Groep NV, and Wells Fargo and Co. are some of the leading competitors

The market is fragmented, and the growth of the players depends on several factors such as market conditions, government support, and industry development. Marke players must distinguish their product and service offerings through a clear and unique value proposition to prosper in this competitive market.  American Express Co., Australia and New Zealand Banking Group Ltd., Banco Santander SA, Barclays Bank Plc, BNP Paribas Cardif, Citigroup Inc., Credit Agricole SA, HSBC Holdings Plc, ING Groep NV, and Wells Fargo and Co. are some of the major market participants. The report offers a detailed analysis of each of the above-listed vendors and their product portfolio.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

For more insights on this market: Download a Free Sample Report

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of over 6%.
     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 354.08 bn through 2021-2025.
     
  3. What is a key factor driving this market?
    Increased need for insurance will drive market growth over the forecast period.
     
  4. What are the key regions covered in this market research report?
    APAC, Europe, South America, North America, and MEA are the key regions featured in this research report.
     
  5. Which is the leading geographic region for this market:
    48% growth will originate from APAC
     
  6. Who are the leading market vendors?
    The leading vendors in this market are American Express Co., Australia and New Zealand Banking Group Ltd., Banco Santander SA, Barclays Bank Plc, BNP Paribas Cardif, Citigroup Inc., Credit Agricole SA, HSBC Holdings Plc, ING Groep NV, and Wells Fargo and Co.
     
  7. What are the market segments covered in this report?
    The market is segmented by Product (Life bancassurance and Non-life bancassurance) and Geography (APAC, Europe, South America, North America, and MEA)

Bancassurance Market Size to Grow by $ 354.08 bn During 2021-2025

Technavio has been monitoring the bancassurance market and it is expected to grow by $ 354.08 bn, accelerating at a CAGR of almost 6% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking


Bancassurance Market: Receive Free Sample Report


Bancassurance Market: APAC to lead market growth during the forecast period

  • 48% of the market growth will originate from APAC during the forecast period.
  • Industry consolidation through partnerships will be a key trend that will influence market growth significantly.
  • The Increased need for insurance will be a significant factor in driving the growth of the bancassurance market.

Bancassurance Market Size to Grow by $ 354.08 bn through 2021-2025 | Leading Segments and Market Trends

Bancassurance Market: Key Competitors

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. American Express Co., Australia and New Zealand Banking Group Ltd., Banco Santander SA, Barclays Bank Plc, BNP Paribas Cardif, Citigroup Inc., Credit Agricole SA, HSBC Holdings Plc, ING Groep NV, and Wells Fargo and Co. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

For more insights on this market: Download a Free Sample Report

Bancassurance Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive bancassurance market growth during the next five years
  • Precise estimation of the bancassurance market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the bancassurance market industry across APAC, Europe, South America, North America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of bancassurance market vendors
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