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

The North America bancassurance market reached a value of US$ 44 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 5.5% 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 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. 

Report Scope:

  • North America Bancassurance Market
     
  • Key Regions Analysed
    • United States
    • Canada
    • Mexico
       
  • Analysis for Each Country
     
  • Market by Product
    • Life Bancassurance
    • Non-Life Bancassurance
       
  • Market by Bancassurance Models
    • Pure Distributor
    • Exclusive Partnership
    • Financial Holding
    • Joint Venture
       
  • Value Chain Analysis
  • Key Drivers and Challenges
  • Porters Five Forces Analysis
  • PESTEL Analysis
  • Government Regulations
  • Competitive Landscape
    • Competitive Structure
    • Key Player Profiles
       

Report Coverages:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Product, Bancassurance Models, Country
Countries Covered United States, Canada, Mexico
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 North America bancassurance market performed so far and how will it perform in the coming years?
  • What are the key regions in the North America bancassurance market?
  • What has been the impact of COVID-19 on the North America bancassurance market?
  • What is the breakup of the North America bancassurance market based on product?
  • What is the breakup of the North America bancassurance market based on bancassurance models?
  • What are the various stages in the value chain of the North America bancassurance industry?
  • What are the key driving factors and challenges in the North America bancassurance industry?
  • What is the structure of the North America bancassurance industry and who are the key players?
  • What is the degree of competition in the North America bancassurance 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   Global Bancassurance Market
    5.1    Market Performance
    5.2    Market Breakup by Product
    5.3    Market Breakup by Bancassurance Models 
    5.4    Market Breakup by Region 
    5.5    Market Forecast 
6   North America Bancassurance Market
    6.1    Market Performance
    6.2    Impact of COVID-19
    6.3    Market Forecast 
7   North America Bancassurance Market: Breakup by Product 
    7.1    Life Bancassurance
    7.2    Non-Life Bancassurance
8   North America Bancassurance Market:  Breakup by Bancassurance Models 
    8.1    Pure Distributor
    8.2    Exclusive Partnership
    8.3    Financial Holding
    8.4    Joint Venture
9   North America Bancassurance Market: Breakup by Country 
    9.1   United States
     9.1.1    Historical Market Trends
     9.1.2    Market Breakup by Product
     9.1.3    Market Breakup by Bancassurance Models
     9.1.4    Market Forecast
    9.2   Canada
     9.2.1    Historical Market Trends
     9.2.2    Market Breakup by Product 
     9.2.3    Market Breakup by Bancassurance Models
     9.2.4    Market Forecast
    9.3   Mexico
     9.3.1    Historical Market Trends
     9.3.2    Market Breakup by Product 
     9.3.3    Market Breakup by Bancassurance Models
     9.3.4    Market Forecast
10  SWOT Analysis 
    10.1    Overview 
    10.2    Strengths
    10.3    Weaknesses 
    10.4    Opportunities
    10.5    Threats
11  Value Chain Analysis 
12  Porter’s Five Forces Analysis 

    12.1     Overview
    12.2     Bargaining Power of Buyers
    12.3     Bargaining Power of Suppliers
    12.4     Degree of Rivalry
    12.5     Threat of New Entrants
    12.6     Threat of Substitutes
13  Competitive Landscape
    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players


List of Figures

Figure 1: Global: Bancassurance Market: Sales Value (in Billion US$), 2015-2020
Figure 2: Global: Bancassurance Market: Breakup by Product (in %), 2020
Figure 3: Global: Bancassurance Market: Breakup by Bancassurance Models (in %), 2020
Figure 4: Global: Bancassurance Market: Breakup by Region (in %), 2020
Figure 5: Global: Bancassurance Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 6: North America: Bancassurance Market: Sales Value (in Billion US$), 2015-2020
Figure 7: North America: Bancassurance Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 8: North America: Bancassurance Market: Breakup by Product (in %), 2020
Figure 9: North America: Bancassurance (Life Bancassurance) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 10: North America: Bancassurance (Life Bancassurance) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 11: North America: Bancassurance (Non-Life Bancassurance) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 12: North America: Bancassurance (Non-Life Bancassurance) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 13: North America: Bancassurance Market: Breakup by Bancassurance Models (in %), 2020
Figure 14: North America: Bancassurance (Pure Distributor) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 15: North America: Bancassurance (Pure Distributor) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 16: North America: Bancassurance (Exclusive Partnership) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 17: North America: Bancassurance (Exclusive Partnership) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 18: North America: Bancassurance (Financial Holding) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 19: North America: Bancassurance (Financial Holding) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 20: North America: Bancassurance (Joint Venture) Market: Sales Value (in Billion US$), 2015 & 2020
Figure 21: North America: Bancassurance (Joint Venture) Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 22: North America: Bancassurance Market: Breakup by Country (in %), 2020
Figure 23: United States: Bancassurance Market: Sales Value (in Billion US$), 2015-2020
Figure 24: United States: Bancassurance Market: Breakup by Product (in %), 2020
Figure 25: United States: Bancassurance Market: Breakup by Bancassurance Models (in %), 2020
Figure 26: United States: Bancassurance Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 27: Canada: Bancassurance Market: Sales Value (in Billion US$), 2015-2020
Figure 28: Canada: Bancassurance Market: Breakup by Product (in %), 2020
Figure 29: Canada: Bancassurance Market: Breakup by Bancassurance Models (in %), 2020
Figure 30: Canada: Bancassurance Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 31: Mexico: Bancassurance Market: Sales Value (in Billion US$), 2015-2020
Figure 32: Mexico: Bancassurance Market: Breakup by Product (in %), 2020
Figure 33: Mexico: Bancassurance Market: Breakup by Bancassurance Models (in %), 2020
Figure 34: Mexico: Bancassurance Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 35: North America: Bancassurance Industry: SWOT Analysis
Figure 36: North America: Bancassurance Industry: Value Chain Analysis
Figure 37: North America: Bancassurance Industry: Porter’s Five Forces Analysis


List of Tables

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

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