The North America bancassurance market size reached USD 53.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 79.6 Billion by 2033, exhibiting a growth rate (CAGR) of 4.29% during 2025-2033.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024
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USD 53.5 Billion |
Market Forecast in 2033
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USD 79.6 Billion |
Market Growth Rate 2025-2033 | 4.29% |
Bancassurance stands for a partnership between an insurance company and a bank, in which the insurance company uses bank as a distribution channel for selling its products. By this, the bank is benefited with the fee-based income which refers to additional revenue earning apart from the interest. Moreover, the insurance company gets the opportunity of consumer base expansion without expanding its sales force or paying agent and broker commissions. Several benefits such as health insurance, life insurance, mortgage and annuities are facilitated by bancassurance.
North America holds one of the largest markets for bancassurance in the world. Distinctive factors such as high level of bank penetration, presence of large international contenders, domestic credit availability and tax advantages are the driving the bancassurance market in the region. Also, increasing aging population in the region has fueled the demand for various life and health insurances. Rising economy due to urbanization and exponential growth in the private banking sector will keep on boosting the market in the upcoming years.
IMARC Group provides an analysis of the key trends in each sub-segment of the North America bancassurance market report, along with forecasts at the regional and country level from 2025-2033. Our report has categorized the market based on product and bancassurance models.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Segment Coverage | Product, Bancassurance Models, Country |
Countries Covered | United States, Canada, Mexico |
Customization Scope | 10% Free Customization |
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: