Bancassurance in Europe to 2020: Market Profile

Publisher Name :
Date: 21-Oct-2013
No. of pages: 47
Inquire Before Buying

Synopsis

The report provides market analysis, information and insights into bancassurance in Europe. Including a global snapshot of the bancassurance concept in the insurance industry this report details the market share in Europe as well as drivers and regulations.

Summary

In the consolidating world of financial services, the concept of bancassurance has taken a central role in the strategy of a growing number of financial institutions. Insurance products distributed through the banking channel have become a natural choice for mass-market clients looking for simple and low-cost products available from a trusted financial institution. Globally, bancassurance has emerged as an important insurance distributions channel that has not only allowed insurance companies to expand their geographical presence but also enabled banks to expand their overall product portfolio. The value of commissions earned through bancassurance is expected to grow globally.

Scope

•This report provides a comprehensive analysis of the bancassurance concept prevailing in the insurance industry

  • •It expands upon the current and future prospects for the insurance industry and the bancassurance distribution channel
  • •It outlines the current regulatory framework impacting the bancassurance business of the insurance industry
  • •It details the marketing strategies used by various insurers and other institutions
  • •It profiles the major insurers in the insurance industry and their bancassurance strategies
  • •It details the different infrastructural, consumer and business drivers affecting bancassurance in Europe
  • •It outlines the current regulatory framework impacting the bancassurance business of the industry

Reasons To Buy

  • •Make strategic business decisions using historic and forecast market data related to bancassurance in the insurance industry
  • •Understand the key market trends and growth opportunities within the insurance industry through the bancassurance distribution channel
  • •Assess the competitive dynamics in the bancassurance business in the insurance industry
  • •Gain insights into the marketing strategies used for selling various types of life, non-life and personal accident and health insurance products through bancassurance agreements
  • •Gain insights into key regulations governing bancassurance by various national authorities in different countries

Bancassurance in Europe to 2020: Market Profile

Table of Contents

1 Executive Summary

2 Global Snapshot of Bancassurance
2.1 Emergence of Bancassurance
2.1.1 Evolution of insurance distribution and bancassurance business model
2.1.2 Ongoing diversification - recent deals in bancassurance
2.2 Global Market Size and Outlook
2.3 Regulatory developments in the bancassurance sector
2.3.1 Permitted ownership and products
2.3.2 Taxation
2.3.3 Capital adequacy regulation
2.3.4 Basel III to redefine business structure of bancassurers
2.3.5 Solvency II to redefine bancassurance regulatory risk regime

3 Europe
3.1 Introduction
3.2 Market sizing and Analysis of Bancassurance
3.2.1 Overview
3.2.2 By Segment / Product (Life and Non Life)
3.3 Key Trends and Drivers
3.3.1 Business Drivers
3.3.2 Consumer Drivers
3.3.3 Infrastructure Drivers
3.4 Regulatory Framework
3.5 Insurance Channel Dynamics
3.6 Case Studies
3.6.1 Credit Agricole
3.6.2 ING Group
3.6.3 BBVA Seguros
3.6.4 HSBC
3.7 Challenges

4 Appendix
4.1 Methodology
4.2 Definition
4.3 Background
4.4 Contact Us
4.5 About Timetric
4.6 Disclaimer

List of Tables

Table 1: Interest Rate Changes of Central Banks in Europe (%), 2012, 2013
Table 2: Bancassurance Channel Key Definitions

List of Figures

Figure 1: Global Snapshot of Insurance Distribution Channels, 2012
Figure 2: Evolution of Insurance Distribution Channel
Figure 3: Major Deals in the Global Bancassurance Market
Figure 4: Worldwide* Premium Earned through Bancassurance (US$ Billion), 2008-2017
Figure 5: Growth Potential of Various Insurance Channels across Geographical Regions
Figure 6: Snapshot of Solvency I vs. Solvency II
Figure 7: Possible options for Bancassurers under Solvency II
Figure 8: Growth Prospects of Bancassurance in the Life Insurance Segment, 2012
Figure 9: Insurance Penetration In Europe, 2011
Figure 10: Share Of Bancassurance in Gross Written Life Insurance Premiums (%), 2006-2016
Figure 11: Share Of Bancassurance in Gross Written Non- Life Insurance Premiums (%), 2006-2016
Figure 12: Value Of Commissions earned through Bancassurance in Europe (US$ Million), 2006 -2016
Figure 13 : Number of New Policies or Schemes sold through Bancassurance in Europe (Thousand), 2006- 2016
Figure 14: Value of Commissions earned through Bancassurance in Europe (US$ Billion), 2006- 2016
Figure 15: Number of New Policies/Schemes sold through Bancassurance in Europe in the Non-Life Insurance Segment, (Thousands), 2006-2016
Figure 16: Key Drivers of Bancassurance in Europe
Figure 17: Life Insurance Expense Ratios in Italy, Expense Ratio as a Percentage of Gross Premiums Written, 2006
Figure 18: Bank Penetration and Share of Bancassurance in the Life Segment, (Number of Commercial Banks per 100,000 Adults), 2009
Figure 19: Population Structure by Major Age Groups, (% of Total Population), 2010-2040
Figure 20: Bancassurance Regulatory Framework in Europe
Figure 21: Value of Commissions in the Life Insurance Segment by Distribution Channel (%), 2012
Figure 22: Value of Commissions in the Non-Life Insurance Segment by Distribution Channel (%), 2012
Figure 23: Credit Agricole - Corporate Profile, 2012

  • Challenges in the Tourism Industry in Thailand
    Thailand has always been a popular tourist destination and tourism provides a major boost to the country’s economy. Bangkok, Hua Hin, Krabi, Samui, Phuket and Cha Am are some of the most attractive tourist destinations in the country. In 2012, Thailand had a very high number of arrivals. Even the number of Thai citizens who [...]
  • Future of the US Consumer Electronics Market
    The market for consumer electronics has been growing steadily. Some of the factors that are contributing to the growth in the market are technological advancement, rise in disposable income and increasing demand for new products. During 2012, consumer electronics market in the US demonstrated positive expansion, although the growth rate slowed down considerably following the [...]
  • Overview of the Global Retail Market
    The global retail industry continued to grow despite the difficult economic conditions in the world. In the fiscal year of 2011, sales-weighted, currency-adjusted revenue rose by 5.1% to $4.271 trillion for the world’s top 250 retailers. According to GRDI (Global Retail Development Index), in 2013 Brazil occupied the top spot in retail development. Chile and [...]
  • Bright Future Predicted for the Tourism Industry in Singapore
    Travel and tourism industry in Singapore has been growing at a steady rate and is considered to be a major contributor to the economic growth of the country. In 2012, Singapore’s IVA (International Visitors Arrivals) reached a record high of 14.5 million, with a growth rate of 10.1% year-on-year. In recent years, inbound travel to [...]
  • Potential of Staffing Market in United States
    The staffing industry places individuals into contract, temporary and permanent positions in firms around the world. Major staffing markets include France, Spain, Italy and Japan as well as many emerging markets. Temporary staffing around the world has been growing, but in US temporary market has been flat since 2006. The majority of staffing revenue majorly [...]
  • Graft-Versus-Host Disease (GVHD) Treatment Market worth $407 million by 2018
  • The graft-versus-host disease (GVHD) treatment market value will increase from $297 million in 2013 to $407 million by 2018, at a Compound Annual Growth Rate (CAGR) of 6.59%, according to research and consulting firm GlobalData. The company’s latest report* states …

  • Poland Pharmaceutical Industry Growing at 8.3% CAGR to 2020
  • Factors such as the growing elderly population, increasing availability of affordable medicines, and transparent regulatory guidelines will provide the necessary impetus for the growth of the Polish pharmaceutical market, but a decrease in mark-up prices and the country’s stringent drug …

  • Asia-Pacific, Led by China, Drive the Global Methanol Industry
  • China is driving the global methanol industry, with tremendous demand from both its energy and petrochemicals sectors. It accounts for 87.9% of Asia-Pacific’s (APAC) methanol capacity, and 51.9% of the global methanol capacity. Despite a large planned capacity increase in …

  • Diagnostic X-ray Imaging Market worth $4.0 billion by 2020
  • GlobalData estimates that the global diagnostic X-ray imaging market, worth $2.4 billion in 2012, will reach almost $4.0 billion by 2020, increasing at a Compound Annual Growth Rate (CAGR) of 6.7% during the forecast period. Many players are active in …

  • Graft-Versus-Host Disease Market Forecast to 2023
  • Graft-versus-host disease (GVHD) is a common complication of allogeneic hematopoietic stem cell transplantation (HSCT) that occurs when the donated (graft) cells are rejected and attack the host’s cells as foreign. GVHD can progress from mild to severe forms as either …

  • Croatia Insurance Report Q4 2014
    Published: 29-Oct-2014        Price: US $1295 Onwards        Pages: 69
    BMI View: As of late-2014, the latest data supports our view that times will remain tough for the insurance industry in Croatia for most of the forecast period. Thanks in part to the weakness of the economy and intense price competition, premiums have been falling in the non-life segment having an adverse effect on the profitability of some of the major players. In the life segment, which remains underdeveloped by most metrics, premiums are faring slightly better. The outlook for the insura......
  • United Kingdom Real Estate Report Q4 2014
    Published: 29-Oct-2014        Price: US $1295 Onwards        Pages: 77
    BMI View: The UK commercial real estate market is well placed for further expansion over H214 and into 2015 as a strong economic rebound supports demand for office and retail space in particular. The industrial segment will remain the underperformer as export activity continues to flag. Falling unemployment and increased levels of household spending have provided support for rental rate growth in the two segments. While we expect the office segment and high quality retail space to outperfor......
  • Vietnam Insurance Report Q4 2014
    Published: 29-Oct-2014        Price: US $1295 Onwards        Pages: 76
    BMI View: While there are still obstacles impeding the growth of the insurance sector in Vietnam there is reason to believe these obstacles can be overcome and strong premium growth can prevail in the long term. For the last few years Vietnam's insurance industry has been plagued by slow economic growth and a harsh competitive environment which has meant improving market penetration has been difficult. Recently, however, increased emphasis on innovating both insurance products and distributi......
  • Zimbabwe Insurance Report Q4 2014
    Published: 29-Oct-2014        Price: US $1295 Onwards        Pages: 61
    BMI View: The insurance industry has grown rapidly in recent years, with gross premiums up from USD111mn in 2010 to over USD500mn by 2014. The pace of expansion will slow, but remain in excess of 16-17% over the next five-years. Life insurance will, marginally, outperform the non-life sector, but the most prominent growth area will be credit/financial risk insurance. Motor cover will remain the non-life sector's largest line by some margin, accounting for over 40% of all non-life premiums. A......
  • Global Islamic Microfinance Market 2014-2018
    Published: 29-Oct-2014        Price: US $2500 Onwards        Pages: 70
    Islamic microfinance refers to the system of finance that is based on Islamic law, also known as "Sharia." It combines the elements of "Islamic finance" and "microfinance." The main feature of Islamic finance that differentiates it from conventional finance is the non-existence of a fixed, pre-determined interest in any financial transaction. Islamic microfinance has a major role in poverty alleviation in under-developed nations across the world. A huge part of the Islamic population is reluctan......
  • High Net Worth trends in the UK 2014
    Published: 25-Oct-2014        Price: US $1995 Onwards        Pages: 81
    Synopsis This report is the result of WealthInsight's extensive research covering the high net worth individual (HNWI) population and wealth management market in the UK. The report focuses on HNWI performance between the end of 2008 (the peak before the global financial crisis) and the end of 2013. This enables us to determine how well the country's HNWIs have performed through the crisis. Summary This report provides projections of the volume and wealth of the UK HNWIs. This includes de......
  • Reinsurance in Philippines, Key Trends and Opportunities to 2018
    Published: 25-Oct-2014        Price: US $1950 Onwards        Pages: 48
    Synopsis The report provides in-depth market analysis, information and insights into the Philippine reinsurance segment, including: The Philippine reinsurance segment's growth prospects by reinsurance category Key trends and drivers for the reinsurance segment The Philippine reinsurance segment's growth prospects by reinsurance ceded from direct insurance segments The competitive landscape in the Philippine reinsurance segment Summary The premium accepted by the Philippine rei......
  • The Insurance Industry in Iceland, Key Trends and Opportunities to 2018
    Published: 25-Oct-2014        Price: US $1950 Onwards        Pages: 153
    Synopsis The report provides in-depth industry analysis, information and insights into the insurance industry in Iceland, including: The Icelandic insurance industry's growth prospects by insurance segment and category The competitive landscape in the Icelandic insurance industry The current trends and drivers of the Icelandic insurance industry Challenges facing the Icelandic insurance industry The detailed regulatory framework of the Icelandic insurance industry Summary Ic......
  • Personal Accident and Health Insurance in Philippines, Key Trends and Opportunities to 2018
    Published: 24-Oct-2014        Price: US $1950 Onwards        Pages: 135
    Synopsis The report provides in-depth market analysis, information and insights into the Philippine personal accident and health insurance segment, including: The Philippine personal accident and health insurance segment's growth prospects by insurance category Key trends and drivers for the personal accident and health insurance segment The various distribution channels in the Philippine personal accident and health insurance segment The detailed competitive landscape in the person......
  • SERVICES
    Value for Money
    We believe in "optimum utilization of available budget and resources". While servicing our clients' (your) market research requirements, we keep the same approach in focus to help you get the best value for your $$s.
    Ever Growing Inventory
    Ranging from the smallest feasible / required data (datasheets, data facts, SWOT analysis, company profiles, etc) to full research reports that help you make decisions, our inventory is updated almost on a daily basis with the latest industry reports from domain experts that track more than 5000 niche sectors.
    One Stop Solution
    Need a custom research report on medical devices market? Require all available business intelligence on 3D printing industry? Exploring F&B sector of a particular country/region? RnRMarketResearch.com is your one-stop-solution to all market intelligence needs. We not only offer custom research and consulting services, we also "bundle" reports to meet your needs and help you fetch the data analysis you require for your business.
    Dedicated Client Engagement
    Not limited to only "finding" relevant reports for you, our client engagement team dedicates its efforts to understand your "business need" and accordingly maps available research data to help you move forward. Call "your" client engagement executive any time of your day and get your questions answered in order to make the correct business decision.
    Saving Time and Efforts
    Simply share your research requirement details with us and let us do all the hard work to find required intelligence for you. When you add up our "one stop solution" and "dedicated client engagement" services mentioned above, you obviously know the time and effort saving you do by working with us.
    Payment Flexibility
    Working with Fortune 500 organizations, we understand the importance of being flexible for payments. Share your payment terms with us and we will surely match up to them to ensure you get access to required business intelligence data without having to wait for the payment to be done.
    Post-Purchase Research Support
    Have questions after reading a report / datasheet bought through us? Not sure about the methodology used for data available in the research? Talk to us / Share your questions with us and if required, we will connect you with the analyst(s)/author(s) of the report(s) and ensure you get satisfactory answers for the same. Need more data / analysis / report(s) on the topic of your research/project? The RnRMarketResearch.com team is here for you 24X7 to support you with your post-purchase requirements. Subscription Offers & Packages (Get in touch with us for more details - [email protected] / +1 888 391 5441 )
    • Ad Hoc
    • Pay - as - you - go / Bucket Subscriptions
    • Fixed Cost for #of reports
    • Customize / Personalize as per your needs