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

  • China Commercial Vehicle Industry
    Commercial vehicle are usually large trucks, buses or vans used to transport people,  goods and material. China is one of the nations that contributes to over 50% of commercial vehicle production. The industry has grown in leaps and bounds over the couple of years. Even though the growth rates aren’t as impressive as two years [...]
  • The Prospective Market of Drug Eluting Stents
    Drug Eluting Stents are the recent development that’s are now being used frequently for curing narrowed coronary arteries. These stents help to keep the artery open and supply drugs at regular intervals preventing any further obstruction. The stents are usually small scaffolds of wire and are placed in the artery. This has been a welcome [...]
  • Anaesthesia Machine Industry is Flourishing due to an Extensive Customer Base with Therapeutic Needs
    The Anaesthesia Machine Industry comprises of the manufacturers and users of Anaesthesia Machines which are basically workstations or units that assist a person to administer Anaesthesia on the other. It includes plug & play Anaesthesia delivery units (ADUs). The industry also comprises of the various accessories like monitors and information systems and support services involved [...]
  • The Need for an Electric Cars Boosts The Lithium Sulfate Market
    Lithium is a highly demanded material. The popularity of this metal is primarily due to the characteristics of this metal and its compounds. Some of the characteristics of this material are that it has the highest electrochemical potential of all metals, a very high co-efficient of thermal expansion, acting as a viscosity modifier in melts, [...]
  • Tire Roller Industry
    Tire roller is one of the most popular equipment used in the construction industry. A tire roller offers multiple services from building highways, industrial sites, binder courses, wear courses and many more. Tire rollers come with different features like easy adjustment of tyres, flexible ballast, oscillating tires, etc. that facilitates in doing a particular work. [...]
    • The Oil Drilling Rig Industry
    • The Oil Drilling Rig Industry is characterized with a few typical work specific to this industry only. The work begins with the search for new oil basins or construction of wells. During this time the services of drilling contractors and se…

    • HER2-Negative Breast Cancer’s Therapeutic Market
    • HER2-Negative Breast Cancer is the most common form of cancer occurring in women. The long term survival of patients diagnosed with HER2-Negative Breast Cancer depends solely on its early detection as till now there is no medicine that can …

    • The Market of Plate Heat Exchanger
    • Plate heat exchanger is not only very useful but its also easy to maintain, its compact design makes it more efficient, the product is highly cost-efficient and also the materials of this product are easily available. There are some limitat…

    • The Industry of Binding Machines
    • Binding of books and papers is one of the most important aspect of buying and selling books and thus the demand of binding machines. There are different kinds of binding machines available in the market. The binding type determines the bind…

    • The Boom In Women Infertility Market
    • Infertility is an abnormality in the regular functioning of the human reproductive system. Anyone of male or female might be suffering from this issue. Infertility in woman is caused by either a genetical factor or factors such as aging or …

  • ICT in Insurance Industry in India 2012
    Published: 20-Feb-2012        Price: US 1595 Onwards        Pages: 392
    ICT adoption in Insurance Industry is expected to witness a dynamic growth in the ensuing years. Currently, the adoption of ICT in insurance industry is undergoing through a dynamic growth rate owing to the growing complexities arising from huge customer base. Insurers primarily implement technology in the areas of customer service, data analytics and process management. With the ongoing growth in customer base and daily transactions, insurers in India are gradually shifting their focus towar......
  • ICT Adoption in Insurance Industry in India 2012
    Published: 21-Feb-2012        Price: US 2000 Onwards        Pages: 392
    ICT adoption in India's Insurance Industry is expected to witness a dynamic growth in the ensuing years. Currently, the adoption of ICT in insurance industry is undergoing through a dynamic growth rate owing to the growing complexities arising from huge customer base. Insurers primarily implement technology in the areas of customer service, data analytics and process management. With the ongoing growth in customer base and daily transactions, insurers in India are gradually shifting their foc......
  • Egypt Insurance Report Q2 2012
    Published: 01-May-2012        Price: US 1295 Onwards        Pages: 67
    Thanks, in part, to the political unrest that has swept Egypt since early 2011, the insurance sector has moved from an era of growth to one of stagnation. Prior to late 2010, the outlook had looked promising. Life density was growing quite steadily. The substantial private insurance funds, which provide basic protection-type products – had underpinned the growth of the sector in years where demand for more sophisticated products had consolidated. Although non-life penetration had been contract......
  • Kenya Insurance Report Q2 2012
    Published: 01-May-2012        Price: US 1295 Onwards        Pages: 55
    Writing in March 2012, we remain of the view that Kenya’s insurance sector is dynamic and resilient. Although the insurance companies are small organisations by most standards, they are innovative and clearly understand the needs and challenges of their customers. Initiatives that have been announced in recent months include agricultural risk products that cover farmers against the impact of natural disaster, facilities to pay premiums and via mobile phones and takaful. Another indicator of th......
  • South Africa Insurance Report Q2 2012
    Published: 08-May-2012        Price: US 1295 Onwards        Pages: 60
    The latest results, in relation to 2011, published by South Africa’s life companies highlight their strengths and competitive advantages in a global context. Most have benefited from at least some of the following factors: rising demand for long-term savings products from ‘retail mass’ customers; development of new products; realisation of benefits of long-standing programs to boost the profitability of the products that are sold, and synergies from combinations of businesses. Unlike their......
  • Brazil Insurance Report Q3 2012
    Published: 08-May-2012        Price: US 1295 Onwards        Pages: 68
    As of April 2012, the latest data from Brazil’ s leading insurance companies (in relation to calendar 2011 and Q411) confirms our view that the country is home to one of the world’ s most dynamic and rapidly growing insurance sectors. Overall premiums are growing at double-digit rates because a) the openness of the market to entry by major multinationals, b) because of the growth in the numbers of households that can afford to buy insurance (and/or to save for the long-term) and c) because o......
  • Croatia Insurance Report Q3 2012
    Published: 08-May-2012        Price: US 1295 Onwards        Pages: 82
    The Croatia Insurance Report considers the prospects for both life and non-life insurers in that country. The latest statistics from HANFA, the financial regulator, indicate that non-life premiums continued to contract in Q112, and were about 2% lower than they had been in the previous corresponding period. Life insurance is growing at about the same rate. As we have noted in previous reports, the lack of interest in unit-linked products over the last 18 months or so points to an element of caut......
  • Mexico Insurance Report Q3 2012
    Published: 08-May-2012        Price: US 1295 Onwards        Pages: 66
    At first glance, Mexico appears to be a medium-sized and quite rapidly growing market for both non-life and life insurance, with premiums growing at double digit rates in both major segments. In fact, the nonlife segment has been boosted by the multi-annual renegotiation of PEMEX’s omnibus policy, while contributions to the life insurance companies for pensions have actually been falling. By most metrics, both segments remain underdeveloped. As we have explained in past reports, we think that ......
  • New Zealand Insurance Report Q3 2012
    Published: 15-May-2012        Price: US 1295 Onwards        Pages: 59
    The operating environment for New Zealand’s non-life insurance segment continues to evolve in the wake of the enormous natural disasters of 2011. A year ago, in the aftermath of the main Christchurch earthquake of February 22, 2011, a key challenge for the non-life insurers was access to reinsurance and processing claims. As of April 2012, the newsflow indicates that the processing of claims by the insurers, and the Earthquake Commission (EQC) has been going well. Meanwhile, it appears that th......
  • 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