Bancassurance Technology Market, Global Outlook and Forecast 2023-2032
Bancassurance refers to a distribution channel for insurance products. It is a means for insurance companies to sell their products through banks, which allows the former to cater to a wide customer base. The bancassurance model is very common in many countries across?Europe, including?France,?Spain, and?Portugal. There are also several new entrants in the market, intensifying the competition, and encouraging insurance companies to innovate and customize products based on client requirement.
This report aims to provide a comprehensive presentation of the global market for Bancassurance Technology, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Bancassurance Technology. This report contains market size and forecasts of Bancassurance Technology in global, including the following market information:
Global Bancassurance Technology Market Revenue, 2018-2023, 2024-2032, ($ millions)
Global top five companies in 2022 (%)
The global Bancassurance Technology market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
With the advent of technology boom worldwide, banks and insurance firms across Europe have increasingly become dependent on computers, Internet and other technology mediums to run their business and drive revenue growth. The technology trend in the banking and insurance sectors will only intensify in the future, leading to a rise in popularity of bancassurance in Europe. According to the report, payment systems show significant changes in the past two decades. The emergence of several IT technologies with regard to payment systems has made the transaction process became much easier for banks and insurance companies. For instance, electronic payment systems are widely used among banks. In addition, integration is expected to evolve in the payment system. The evolution of payment systems is predicted to further grow during the forecast period. Many banks and insurance companies are likely to invest a significant amount in adoption of advanced technologies to enhance their functionality of payment systems.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Bancassurance Technology companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Bancassurance Technology Market, by Type, 2018-2023, 2024-2032 ($ millions)
Global Bancassurance Technology Market Segment Percentages, by Type, 2022 (%)
Cloud
Big Data
Others
Global Bancassurance Technology Market, by Application, 2018-2023, 2024-2032 ($ millions)
Global Bancassurance Technology Market Segment Percentages, by Application, 2022 (%)
Banks
Insurance Firms
Global Bancassurance Technology Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions)
Global Bancassurance Technology Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Bancassurance Technology revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Bancassurance Technology revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Agile Financial Technologies
BSB
E&Y
HP
BM
Oracle
Outline of Major Chapters:
Chapter 1: Introduces the definition of Bancassurance Technology, market overview.
Chapter 2: Global Bancassurance Technology market size in revenue.
Chapter 3: Detailed analysis of Bancassurance Technology company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Bancassurance Technology in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
