Market Research Report
Global Bancassurance Market 2015-2019
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||293284|
|Published||Content info||100 Pages
|Global Bancassurance Market 2015-2019|
|Published: July 29, 2015||Content info: 100 Pages||
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.
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.