The global Bancassurance Market size is projected to reach a CAGR of 7.9% from 2022-2028.
Bancassurance is relation between insurance and bank that offers the insurance service or insurance plans to the bank customers. In this technique, both bank and insurance company work jointly together to provide insurance to the end-consumer.
In this case banks will encourage their consumers to purchase insurance plan. If the number of insurers increases, then it would be benefit to both bank and insurance company which in-turn decreases the overall costs involved.
APAC will provide maximum growth opportunities in the bancassurance market during the forecast period. According to our research report, the region will contribute 48% of the global market growth and is expected to dominate the market.
Insights are provided for each region and major countries within the regions
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Report Feature |
Descriptions |
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Growth Rate |
CAGR of 7.9% during the forecasting period, 2022-2028 |
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Historical Data |
2019-2020 |
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Forecast Years |
2022-2028 |
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Base Year |
2021 |
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Units Considered |
Revenue in USD million and CAGR from 2022 to 2028 |
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Report Segmentation |
product type, model type and region. |
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Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
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Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
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Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
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Companies Profiled |
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. |
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Available Customization |
In addition to the market data for Bancassurance Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement. |
Bancassurance Market is segmented into product type, model type and region.
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