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Global Bancassurance Market Research Report 2024
Synopsis
Bancassurance refers to an agreement between a bank and an insurance company. In bancassurance, the insurance company can use the bank’s distribution channels to sell products. Banks, in return, receive a certain fee from the insurance company.
The Bancassurance industry can be broken down into several segments, Life Bancassurance and Non-Life Bancassurance.
The global Bancassurance market was valued at US$ 2047 million in 2023 and is anticipated to reach US$ 2339 million by 2030, witnessing a CAGR of 1.9% during the forecast period 2024-2030.
Europe is the main market of bancassurance products, with more than 40% market share, followed by Asia Pacific and North America.
The market concentration of bancassurance products is very low, the main manufacturers are ABN AMRO Bank, ANZ, Banco Bradesco, American Express, Banco Santander, BNP Paribas, ING Group, Wells Fargo, Barclays, Intesa Sanpaolo, Lloyds Bank, Citigroup, HSBC, NongHyup Financial Group, Nordea Bank etc. The market share of the top five enterprises is less than 10%.
This report aims to provide a comprehensive presentation of the global market for Bancassurance, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Bancassurance.
Report Scope
The Bancassurance market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Bancassurance market comprehensively. Regional market sizes, concerning products by Type, by User, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Bancassurance companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by User, and by regions.
Market Segmentation
By Company
ABN AMRO Bank
ANZ
Banco Bradesco
American Express
Banco Santander
BNP Paribas
ING Group
Wells Fargo
Barclays
Intesa Sanpaolo
Lloyds Bank
Citigroup
HSBC
NongHyup Financial Group
Nordea Bank
Segment by Type
Life Bancassurance
Non-Life Bancassurance
Segment by User
Adults
Kids
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by User, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Bancassurance companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by User, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Bancassurance refers to an agreement between a bank and an insurance company. In bancassurance, the insurance company can use the bank’s distribution channels to sell products. Banks, in return, receive a certain fee from the insurance company.
The Bancassurance industry can be broken down into several segments, Life Bancassurance and Non-Life Bancassurance.
The global Bancassurance market was valued at US$ 2047 million in 2023 and is anticipated to reach US$ 2339 million by 2030, witnessing a CAGR of 1.9% during the forecast period 2024-2030.
Europe is the main market of bancassurance products, with more than 40% market share, followed by Asia Pacific and North America.
The market concentration of bancassurance products is very low, the main manufacturers are ABN AMRO Bank, ANZ, Banco Bradesco, American Express, Banco Santander, BNP Paribas, ING Group, Wells Fargo, Barclays, Intesa Sanpaolo, Lloyds Bank, Citigroup, HSBC, NongHyup Financial Group, Nordea Bank etc. The market share of the top five enterprises is less than 10%.
This report aims to provide a comprehensive presentation of the global market for Bancassurance, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Bancassurance.
Report Scope
The Bancassurance market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Bancassurance market comprehensively. Regional market sizes, concerning products by Type, by User, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Bancassurance companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by User, and by regions.
Market Segmentation
By Company
ABN AMRO Bank
ANZ
Banco Bradesco
American Express
Banco Santander
BNP Paribas
ING Group
Wells Fargo
Barclays
Intesa Sanpaolo
Lloyds Bank
Citigroup
HSBC
NongHyup Financial Group
Nordea Bank
Segment by Type
Life Bancassurance
Non-Life Bancassurance
Segment by User
Adults
Kids
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by User, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Bancassurance companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by User, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Bancassurance Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Life Bancassurance
1.2.3 Non-Life Bancassurance
1.3 Market by User
1.3.1 Global Bancassurance Market Growth by User: 2019 VS 2023 VS 2030
1.3.2 Adults
1.3.3 Kids
1.3.4 Others
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Bancassurance Market Perspective (2019-2030)
2.2 Bancassurance Growth Trends by Region
2.2.1 Global Bancassurance Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Bancassurance Historic Market Size by Region (2019-2024)
2.2.3 Bancassurance Forecasted Market Size by Region (2025-2030)
2.3 Bancassurance Market Dynamics
2.3.1 Bancassurance Industry Trends
2.3.2 Bancassurance Market Drivers
2.3.3 Bancassurance Market Challenges
2.3.4 Bancassurance Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Bancassurance Players by Revenue
3.1.1 Global Top Bancassurance Players by Revenue (2019-2024)
3.1.2 Global Bancassurance Revenue Market Share by Players (2019-2024)
3.2 Global Bancassurance Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Bancassurance Revenue
3.4 Global Bancassurance Market Concentration Ratio
3.4.1 Global Bancassurance Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Bancassurance Revenue in 2023
3.5 Bancassurance Key Players Head office and Area Served
3.6 Key Players Bancassurance Product Solution and Service
3.7 Date of Enter into Bancassurance Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Bancassurance Breakdown Data by Type
4.1 Global Bancassurance Historic Market Size by Type (2019-2024)
4.2 Global Bancassurance Forecasted Market Size by Type (2025-2030)
5 Bancassurance Breakdown Data by User
5.1 Global Bancassurance Historic Market Size by User (2019-2024)
5.2 Global Bancassurance Forecasted Market Size by User (2025-2030)
6 North America
6.1 North America Bancassurance Market Size (2019-2030)
6.2 North America Bancassurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Bancassurance Market Size by Country (2019-2024)
6.4 North America Bancassurance Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Bancassurance Market Size (2019-2030)
7.2 Europe Bancassurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Bancassurance Market Size by Country (2019-2024)
7.4 Europe Bancassurance Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Bancassurance Market Size (2019-2030)
8.2 Asia-Pacific Bancassurance Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Bancassurance Market Size by Region (2019-2024)
8.4 Asia-Pacific Bancassurance Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Bancassurance Market Size (2019-2030)
9.2 Latin America Bancassurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Bancassurance Market Size by Country (2019-2024)
9.4 Latin America Bancassurance Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Bancassurance Market Size (2019-2030)
10.2 Middle East & Africa Bancassurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Bancassurance Market Size by Country (2019-2024)
10.4 Middle East & Africa Bancassurance Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 ABN AMRO Bank
11.1.1 ABN AMRO Bank Company Detail
11.1.2 ABN AMRO Bank Business Overview
11.1.3 ABN AMRO Bank Bancassurance Introduction
11.1.4 ABN AMRO Bank Revenue in Bancassurance Business (2019-2024)
11.1.5 ABN AMRO Bank Recent Development
11.2 ANZ
11.2.1 ANZ Company Detail
11.2.2 ANZ Business Overview
11.2.3 ANZ Bancassurance Introduction
11.2.4 ANZ Revenue in Bancassurance Business (2019-2024)
11.2.5 ANZ Recent Development
11.3 Banco Bradesco
11.3.1 Banco Bradesco Company Detail
11.3.2 Banco Bradesco Business Overview
11.3.3 Banco Bradesco Bancassurance Introduction
11.3.4 Banco Bradesco Revenue in Bancassurance Business (2019-2024)
11.3.5 Banco Bradesco Recent Development
11.4 American Express
11.4.1 American Express Company Detail
11.4.2 American Express Business Overview
11.4.3 American Express Bancassurance Introduction
11.4.4 American Express Revenue in Bancassurance Business (2019-2024)
11.4.5 American Express Recent Development
11.5 Banco Santander
11.5.1 Banco Santander Company Detail
11.5.2 Banco Santander Business Overview
11.5.3 Banco Santander Bancassurance Introduction
11.5.4 Banco Santander Revenue in Bancassurance Business (2019-2024)
11.5.5 Banco Santander Recent Development
11.6 BNP Paribas
11.6.1 BNP Paribas Company Detail
11.6.2 BNP Paribas Business Overview
11.6.3 BNP Paribas Bancassurance Introduction
11.6.4 BNP Paribas Revenue in Bancassurance Business (2019-2024)
11.6.5 BNP Paribas Recent Development
11.7 ING Group
11.7.1 ING Group Company Detail
11.7.2 ING Group Business Overview
11.7.3 ING Group Bancassurance Introduction
11.7.4 ING Group Revenue in Bancassurance Business (2019-2024)
11.7.5 ING Group Recent Development
11.8 Wells Fargo
11.8.1 Wells Fargo Company Detail
11.8.2 Wells Fargo Business Overview
11.8.3 Wells Fargo Bancassurance Introduction
11.8.4 Wells Fargo Revenue in Bancassurance Business (2019-2024)
11.8.5 Wells Fargo Recent Development
11.9 Barclays
11.9.1 Barclays Company Detail
11.9.2 Barclays Business Overview
11.9.3 Barclays Bancassurance Introduction
11.9.4 Barclays Revenue in Bancassurance Business (2019-2024)
11.9.5 Barclays Recent Development
11.10 Intesa Sanpaolo
11.10.1 Intesa Sanpaolo Company Detail
11.10.2 Intesa Sanpaolo Business Overview
11.10.3 Intesa Sanpaolo Bancassurance Introduction
11.10.4 Intesa Sanpaolo Revenue in Bancassurance Business (2019-2024)
11.10.5 Intesa Sanpaolo Recent Development
11.11 Lloyds Bank
11.11.1 Lloyds Bank Company Detail
11.11.2 Lloyds Bank Business Overview
11.11.3 Lloyds Bank Bancassurance Introduction
11.11.4 Lloyds Bank Revenue in Bancassurance Business (2019-2024)
11.11.5 Lloyds Bank Recent Development
11.12 Citigroup
11.12.1 Citigroup Company Detail
11.12.2 Citigroup Business Overview
11.12.3 Citigroup Bancassurance Introduction
11.12.4 Citigroup Revenue in Bancassurance Business (2019-2024)
11.12.5 Citigroup Recent Development
11.13 HSBC
11.13.1 HSBC Company Detail
11.13.2 HSBC Business Overview
11.13.3 HSBC Bancassurance Introduction
11.13.4 HSBC Revenue in Bancassurance Business (2019-2024)
11.13.5 HSBC Recent Development
11.14 NongHyup Financial Group
11.14.1 NongHyup Financial Group Company Detail
11.14.2 NongHyup Financial Group Business Overview
11.14.3 NongHyup Financial Group Bancassurance Introduction
11.14.4 NongHyup Financial Group Revenue in Bancassurance Business (2019-2024)
11.14.5 NongHyup Financial Group Recent Development
11.15 Nordea Bank
11.15.1 Nordea Bank Company Detail
11.15.2 Nordea Bank Business Overview
11.15.3 Nordea Bank Bancassurance Introduction
11.15.4 Nordea Bank Revenue in Bancassurance Business (2019-2024)
11.15.5 Nordea Bank Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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