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Europe Bancassurance Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

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.

Key Market Segmentation:

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:

  • Life Bancassurance
  • Non-Life Bancassurance
     

Breakup by Model Type:

  • Pure Distributor
  • Exclusive Partnership
  • Financial Holding
  • Joint Venture
     

Breakup by Country:

  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Million
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)

 

Key Questions Answered in This Report:

  • How has the Europe bancassurance market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the Europe bancassurance market?
  • What are the key regional markets?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the model type?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the Europe bancassurance market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Europe Bancassurance Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Product Type
    6.1    Life Bancassurance
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Non-Life Bancassurance
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Model Type
    7.1    Pure Distributor
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Exclusive Partnership
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Financial Holding
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Joint Venture
        7.4.1 Market Trends
        7.4.2 Market Forecast 
8    Market Breakup by Country
    8.1    Germany
        8.1.1 Market Trends
        8.1.2 Market Breakup by Product Type
        8.1.3 Market Breakup by Model Type
        8.1.4 Market Forecast
    8.2    France
        8.2.1 Market Trends
        8.2.2 Market Breakup by Product Type
        8.2.3 Market Breakup by Model Type
        8.2.4 Market Forecast
    8.3    United Kingdom
        8.3.1 Market Trends
        8.3.2 Market Breakup by Product Type
        8.3.3 Market Breakup by Model Type
        8.3.4 Market Forecast
    8.4    Italy
        8.4.1 Market Trends
        8.4.2 Market Breakup by Product Type
        8.4.3 Market Breakup by Model Type
        8.4.4 Market Forecast
    8.5    Spain
        8.5.1 Market Trends
        8.5.2 Market Breakup by Product Type
        8.5.3 Market Breakup by Model Type
        8.5.4 Market Forecast
    8.6    Others
        8.6.1 Market Trends
        8.6.2 Market Breakup by Product Type
        8.6.3 Market Breakup by Model Type
        8.6.4 Market Forecast
9    SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10    Value Chain Analysis
11    Porters Five Forces Analysis

    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12    Policy and Regulatory Landscape
13    Competitive Landscape

    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players

List of Figures

Figure 1: Europe: Bancassurance Market: Major Drivers and Challenges
Figure 2: Europe: Bancassurance Market: Sales Value (in Million US$), 2015 - 2020 
Figure 3: Europe: Bancassurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 4: Europe: Bancassurance Market: Breakup by Product Type (in %), 2020
Figure 5: Europe: Bancassurance Market: Breakup by Model Type (in %), 2020
Figure 6: Europe: Bancassurance Market: Breakup by Country (in %), 2020
Figure 7: Europe: Bancassurance (Life Bancassurance) Market: Sales Value (in Million US$), 2015 & 2020
Figure 8: Europe: Bancassurance (Life Bancassurance) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 9: Europe: Bancassurance (Non-Life Bancassurance) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Europe: Bancassurance (Non-Life Bancassurance) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Europe: Bancassurance (Pure Distributor) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Europe: Bancassurance (Pure Distributor) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Europe: Bancassurance (Exclusive Partnership) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Europe: Bancassurance (Exclusive Partnership) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Europe: Bancassurance (Financial Holding) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Europe: Bancassurance (Financial Holding) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Europe: Bancassurance (Joint Venture) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Europe: Bancassurance (Joint Venture) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Germany: Bancassurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Germany: Bancassurance Market: Breakup by Product Type (in %), 2020
Figure 21: Germany: Bancassurance Market: Breakup by Model Type (in %), 2020 
Figure 22: Germany: Bancassurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: France: Bancassurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: France: Bancassurance Market: Breakup by Product Type (in %), 2020
Figure 25: France: Bancassurance Market: Breakup by Model Type (in %), 2020 
Figure 26: France: Bancassurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: United Kingdom: Bancassurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: United Kingdom: Bancassurance Market: Breakup by Product Type (in %), 2020
Figure 29: United Kingdom: Bancassurance Market: Breakup by Model Type (in %), 2020 
Figure 30: United Kingdom: Bancassurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Italy: Bancassurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Italy: Bancassurance Market: Breakup by Product Type (in %), 2020
Figure 33: Italy: Bancassurance Market: Breakup by Model Type (in %), 2020 
Figure 34: Italy: Bancassurance Market Forecast: Sales Value (in Million US$), 2021-2026 
Figure 35: Spain: Bancassurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: Spain: Bancassurance Market: Breakup by Product Type (in %), 2020
Figure 37: Spain: Bancassurance Market: Breakup by Model Type (in %), 2020 
Figure 38: Spain: Bancassurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Others: Bancassurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: Others: Bancassurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: Europe: Bancassurance Industry: SWOT Analysis
Figure 42: Europe: Bancassurance Industry: Value Chain Analysis
Figure 43: Europe: Bancassurance Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Europe: Bancassurance Market: Key Industry Highlights, 2020 and 2026
Table 2: Europe: Bancassurance Market Forecast: Breakup by Product Type (in Million US$), 2021-2026
Table 3: Europe: Bancassurance Market Forecast: Breakup by Model Type (in Million US$), 2021-2026
Table 4: Europe: Bancassurance Market Forecast: Breakup by Country (in Million US$), 2021-2026
Table 5: Europe: Bancassurance Market: Competitive Structure
Table 6: Europe: Bancassurance Market: Key Players

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