Global bancassurance market 2024-2028

Description

List of Tables

Technavio has been monitoring the bancassurance market and is forecast to grow by USD 515.8 bn during 2023-2028, accelerating at a CAGR of 7.79% during the forecast period. Our report on the bancassurance market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased need for insurance, growth in number of hnwis in developing regions, and increasing government regulations on mandatory insurance coverage in developing countries.

Technavio's bancassurance market is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	6.74%
CAGR	7.79%
Incremental Value	$515.8bn

By Product

Life bancassurance
Non-Life bancassurance

By Type

Pure distributor
Joint venture
Excusive partnership
Financial holding

By Geographical Landscape

APAC
Europe
North America
South America
Middle East and Africa

This study identifies the emergence of digital marketing platforms as one of the prime reasons driving the bancassurance market growth during the next few years. Also, growing digitization and strategy and investors collaborating with insurtech firms will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the bancassurance market covers the following areas:

Bancassurance market sizing
Bancassurance market forecast
Bancassurance market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading bancassurance market vendors that include ABN AMRO Group NV, American Express Co., Australia and New Zealand Banking Group Ltd., AXA Group, Banco Bradesco SA, Banco Santander SA, Barclays PLC, BNP Paribas SA, Citigroup Inc., CNA Financial Corp., Credit Agricole SA, Credit Mutuel, HSBC Holdings Plc, ING Groep NV, Intesa Sanpaolo Spa, Lloyds Banking Group Plc, Metlife Inc., Nordes Bank Abp, Wells Fargo and Co., and Yes Bank Ltd.. Also, the bancassurance market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR41208

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Product
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
2.2 Market characteristics
- Market characteristics analysis
2.3 Value chain analysis
- Value Chain Analysis

3 Market Sizing

3.1 Market definition
- Offerings of companies included in the market definition
3.2 Market segment analysis
- Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ billion)
- Data Table on Global - Market size and forecast 2023-2028 ($ billion)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global Bancassurance Market 2018 - 2022
- Historic Market Size - Data Table on Global Bancassurance Market 2018 - 2022 ($ billion)
4.2 Product segment analysis 2018 - 2022
- Historic Market Size - Product Segment 2018 - 2022 ($ billion)
4.3 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ billion)
4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Product

6.1 Market segments
- Chart on Product - Market share 2023-2028 (%)
- Data Table on Product - Market share 2023-2028 (%)
6.2 Comparison by Product
- Chart on Comparison by Product
- Data Table on Comparison by Product
6.3 Life bancassurance - Market size and forecast 2023-2028
- Chart on Life bancassurance - Market size and forecast 2023-2028 ($ billion)
- Data Table on Life bancassurance - Market size and forecast 2023-2028 ($ billion)
- Chart on Life bancassurance - Year-over-year growth 2023-2028 (%)
- Data Table on Life bancassurance - Year-over-year growth 2023-2028 (%)
6.4 Non-Life bancassurance - Market size and forecast 2023-2028
- Chart on Non-Life bancassurance - Market size and forecast 2023-2028 ($ billion)
- Data Table on Non-Life bancassurance - Market size and forecast 2023-2028 ($ billion)
- Chart on Non-Life bancassurance - Year-over-year growth 2023-2028 (%)
- Data Table on Non-Life bancassurance - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Product
- Market opportunity by Product ($ billion)
- Data Table on Market opportunity by Product ($ billion)

7 Market Segmentation by Type

7.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
7.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
7.3 Pure distributor - Market size and forecast 2023-2028
- Chart on Pure distributor - Market size and forecast 2023-2028 ($ billion)
- Data Table on Pure distributor - Market size and forecast 2023-2028 ($ billion)
- Chart on Pure distributor - Year-over-year growth 2023-2028 (%)
- Data Table on Pure distributor - Year-over-year growth 2023-2028 (%)
7.4 Joint venture - Market size and forecast 2023-2028
- Chart on Joint venture - Market size and forecast 2023-2028 ($ billion)
- Data Table on Joint venture - Market size and forecast 2023-2028 ($ billion)
- Chart on Joint venture - Year-over-year growth 2023-2028 (%)
- Data Table on Joint venture - Year-over-year growth 2023-2028 (%)
7.5 Excusive partnership - Market size and forecast 2023-2028
- Chart on Excusive partnership - Market size and forecast 2023-2028 ($ billion)
- Data Table on Excusive partnership - Market size and forecast 2023-2028 ($ billion)
- Chart on Excusive partnership - Year-over-year growth 2023-2028 (%)
- Data Table on Excusive partnership - Year-over-year growth 2023-2028 (%)
7.6 Financial holding - Market size and forecast 2023-2028
- Chart on Financial holding - Market size and forecast 2023-2028 ($ billion)
- Data Table on Financial holding - Market size and forecast 2023-2028 ($ billion)
- Chart on Financial holding - Year-over-year growth 2023-2028 (%)
- Data Table on Financial holding - Year-over-year growth 2023-2028 (%)
7.7 Market opportunity by Type
- Market opportunity by Type ($ billion)
- Data Table on Market opportunity by Type ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ billion)
- Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ billion)
- Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Data Table on North America - Market size and forecast 2023-2028 ($ billion)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ billion)
- Data Table on South America - Market size and forecast 2023-2028 ($ billion)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ billion)
- Data Table on China - Market size and forecast 2023-2028 ($ billion)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
9.9 France - Market size and forecast 2023-2028
- Chart on France - Market size and forecast 2023-2028 ($ billion)
- Data Table on France - Market size and forecast 2023-2028 ($ billion)
- Chart on France - Year-over-year growth 2023-2028 (%)
- Data Table on France - Year-over-year growth 2023-2028 (%)
9.10 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ billion)
- Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.11 Spain - Market size and forecast 2023-2028
- Chart on Spain - Market size and forecast 2023-2028 ($ billion)
- Data Table on Spain - Market size and forecast 2023-2028 ($ billion)
- Chart on Spain - Year-over-year growth 2023-2028 (%)
- Data Table on Spain - Year-over-year growth 2023-2028 (%)
9.12 Japan - Market size and forecast 2023-2028
- Chart on Japan - Market size and forecast 2023-2028 ($ billion)
- Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
- Chart on Japan - Year-over-year growth 2023-2028 (%)
- Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ billion)
- Data Tables on Market opportunity By Geographical Landscape ($ billion)

10 Drivers, Challenges, and Opportunity/Restraints

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
10.4 Market opportunities/restraints

11 Competitive Landscape

11.1 Overview
11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
11.3 Landscape disruption
- Overview on factors of disruption
11.4 Industry risks
- Impact of key risks on business

12 Competitive Analysis

12.1 Companies profiled
- Companies covered
12.2 Market positioning of companies
- Matrix on companies position and classification
12.3 ABN AMRO Group NV
- ABN AMRO Group NV - Overview
- ABN AMRO Group NV - Business segments
- ABN AMRO Group NV - Key offerings
- ABN AMRO Group NV - Segment focus
12.4 American Express Co.
- American Express Co. - Overview
- American Express Co. - Business segments
- American Express Co. - Key offerings
- American Express Co. - Segment focus
12.5 Australia and New Zealand Banking Group Ltd.
- Australia and New Zealand Banking Group Ltd. - Overview
- Australia and New Zealand Banking Group Ltd. - Business segments
- Australia and New Zealand Banking Group Ltd. - Key offerings
- Australia and New Zealand Banking Group Ltd. - Segment focus
12.6 Banco Bradesco SA
- Banco Bradesco SA - Overview
- Banco Bradesco SA - Business segments
- Banco Bradesco SA - Key offerings
- Banco Bradesco SA - Segment focus
12.7 Banco Santander SA
- Banco Santander SA - Overview
- Banco Santander SA - Business segments
- Banco Santander SA - Key offerings
- Banco Santander SA - Segment focus
12.8 Barclays PLC
- Barclays PLC - Overview
- Barclays PLC - Business segments
- Barclays PLC - Key news
- Barclays PLC - Key offerings
- Barclays PLC - Segment focus
12.9 BNP Paribas SA
- BNP Paribas SA - Overview
- BNP Paribas SA - Business segments
- BNP Paribas SA - Key offerings
- BNP Paribas SA - Segment focus
12.10 Citigroup Inc.
- Citigroup Inc. - Overview
- Citigroup Inc. - Business segments
- Citigroup Inc. - Key offerings
- Citigroup Inc. - Segment focus
12.11 Credit Agricole SA
- Credit Agricole SA - Overview
- Credit Agricole SA - Product / Service
- Credit Agricole SA - Key offerings
12.12 Credit Mutuel
- Credit Mutuel - Overview
- Credit Mutuel - Business segments
- Credit Mutuel - Key offerings
- Credit Mutuel - Segment focus
12.13 HSBC Holdings Plc
- HSBC Holdings Plc - Overview
- HSBC Holdings Plc - Business segments
- HSBC Holdings Plc - Key news
- HSBC Holdings Plc - Key offerings
- HSBC Holdings Plc - Segment focus
12.14 ING Groep NV
- ING Groep NV - Overview
- ING Groep NV - Business segments
- ING Groep NV - Key offerings
- ING Groep NV - Segment focus
12.15 Lloyds Banking Group Plc
- Lloyds Banking Group Plc - Overview
- Lloyds Banking Group Plc - Business segments
- Lloyds Banking Group Plc - Key offerings
- Lloyds Banking Group Plc - Segment focus
12.16 Metlife Inc.
- Metlife Inc. - Overview
- Metlife Inc. - Business segments
- Metlife Inc. - Key offerings
- Metlife Inc. - Segment focus
12.17 Wells Fargo and Co.
- Wells Fargo and Co. - Overview
- Wells Fargo and Co. - Business segments
- Wells Fargo and Co. - Key offerings
- Wells Fargo and Co. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
13.3 Currency conversion rates for US$
- Currency conversion rates for US$
13.4 Research methodology
- Research methodology
13.5 Data procurement
- Information sources
13.6 Data validation
- Data validation
13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
13.8 Data synthesis
- Data synthesis
13.9 degree market analysis
- 360 degree market analysis
13.10 List of abbreviations
- List of abbreviations