Dublin, Feb. 05, 2025 (GLOBE NEWSWIRE) — The “Bancassurance – Global Strategic Business Report” has been added to ResearchAndMarkets.com’s offering.
The global market for Bancassurance was valued at US$1.6 Trillion in 2024 and is projected to reach US$2.2 Trillion by 2030, growing at a CAGR of 4.6% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the bancassurance market is driven by several factors, including the increasing integration of digital technologies, which is enhancing the reach and efficiency of bancassurance offerings. The expansion of banking networks, particularly in emerging markets, is providing insurers with greater access to a broader customer base.
Additionally, the rising demand for insurance products, driven by growing awareness and disposable incomes, is propelling market growth. Regulatory support in various regions, which encourages the collaboration between banks and insurers, is also playing a crucial role in the expansion of bancassurance. Furthermore, the ability of bancassurance to offer tailored insurance solutions, coupled with the convenience of accessing multiple financial services through a single platform, is attracting a growing number of customers.
As these trends continue to evolve, the bancassurance market is expected to experience sustained growth, driven by ongoing innovations and the increasing convergence of banking and insurance services.
Report Scope
The report analyzes the Bancassurance market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.
Segments
Life Bancassurance, Non-Life Bancassurance.
Geographic Regions/Countries
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Life Bancassurance segment, which is expected to reach US$1.6 Trillion by 2030 with a CAGR of a 4.2%. The Non-Life Bancassurance segment is also set to grow at 5.7% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $433.8 Billion in 2024, and China, forecasted to grow at an impressive 6.8% CAGR to reach $460.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as ABN Amro Bank N.V., Aegon, ANIVO 360 AG, Australia and New Zealand Banking Group Ltd. (ANZ), Banco Bradesco SA and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Questions Answered:
- How is the Global Bancassurance Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Some of the 46 major companies featured in this Bancassurance market report include:
- ABN Amro Bank N.V.
- Aegon
- ANIVO 360 AG
- Australia and New Zealand Banking Group Ltd. (ANZ)
- Banco Bradesco SA
- Banco Santander SA
- Barclays plc.
- BDO Unibank, Inc.
- BNP Paribas SA
- Citigroup, Inc.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 173 |
| Forecast Period | 2024-2030 |
| Estimated Market Value (USD) in 2024 | $1.6 Trillion |
| Forecasted Market Value (USD) by 2030 | $2.2 Trillion |
| Compound Annual Growth Rate | 4.6% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- Bancassurance – Global Key Competitors Percentage Market Share in 2025 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E)
- Global Economic Update
MARKET TRENDS & DRIVERS
- Digital Transformation in Banking Spurs Growth in Bancassurance
- Increasing Integration of AI and Data Analytics Enhances Personalized Insurance Offerings
- Technological Advancements in Mobile Banking Drive Adoption of Bancassurance Services
- Integration of Omnichannel Strategies Throws the Spotlight on Customer Engagement
- Growing Awareness of Insurance Products Drives Demand Through Banking Channels
- Here’s the Story: How Financial Literacy Initiatives Fuel Bancassurance Uptake
- Innovations in API Integration Streamline Bancassurance Operations
- Expansion of Wealth Management Services Spurs Growth in Life Insurance Products
- Strengthening of Cybersecurity Measures Drives Trust and Adoption of Digital Bancassurance
- Sustainability and ESG Factors Influence Bancassurance Product Offerings
For more information about this report visit https://www.researchandmarkets.com/r/yclzbr
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