The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The Europe bancassurance market reached a value of US$ XX Million in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Bancassurance refers to the joint effort between banks and insurance companies that enables banks to distribute insurance services and financial products to their customers. This set-up assists insurance companies in furthering their geographical presence and aids banks in expanding their product portfolio. Some of the common bancassurance services include unit-linked insurance plans (ULIPs) and endowment, health and property insurance plans. Their widespread adoption helps in sales generation, retention of new and existing customers, profit maximization, and product and service customization.
The market in Europe is primarily driven by significant growth in the banking, financial, services and insurance (BFSI) sector. Along with this, multiple key players across the region are also engaging in merger and acquisitions (M&A) activities as well as partnerships to create numerous growth opportunities in the market. For instance, agreements between multinational insurance companies and regional financial service providers are expected to create a positive outlook for the market. This has restructured the bancassurance business in the region through new distribution agreements, which is anticipated to act as a major growth-induing factor. Moreover, the widespread adoption of advanced analytics for digital marketing and re-engineered insurer-bank collaboration model is expected to create a positive outlook for the market across the region.
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe bancassurance market, along with forecasts at the country and regional level from 2021-2026. Our report has categorized the market based on product type and model type.
Breakup by Product Type:
Breakup by Model Type:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2020|
|Segment Coverage||Product Type, Model Type, Country|
|Countries Covered||Germany, France, United Kingdom, Italy, Spain|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at