Bancassurance Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: May 2021
  • Pages: 120
  • SKU: IRTNTR41208

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The bancassurance market size is expected to grow by USD 354.08 billion and record a CAGR of 6.22% during 2021-2025.

This post-pandemic bancassurance market report has assessed the shift in consumer behavior and has identified and explored the upcoming trends and drivers that the vendors can capitalize on to support prompt business decisions. In this bancassurance market analysis report, key drivers such as the increased need for insurance have been discussed with emerging growth regions, which will offer immense business opportunities. Our analysts have also identified challenges such as risk to reputation, which will impede market growth. With these insights, the vendors can recreate their plan of action to obtain growth opportunities in the future.

What will the Bancassurance Market Size be in 2021?


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Who are the Key Vendors in the Bancassurance Market?

The bancassurance market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles include information on the production, competitive landscape, sustainability, and prospects of the leading companies including:


  • American Express Co.
  • Australia and New Zealand Banking Group Ltd.
  • Banco Santander SA
  • Barclays Bank Plc
  • BNP Paribas Cardif
  • Citigroup Inc.
  • Credit Agricole SA
  • HSBC Holdings Plc
  • ING Groep NV
  • Wells Fargo and Co.


The bancassurance market is fragmented and the vendors are deploying various growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.

This bancassurance market report further entails segmentation by product (life bancassurance and non-life bancassurance) and geography (APAC, Europe, South America, North America, and MEA). View our sample report to gather market insights on the segmentations.

To make the most of the opportunities, vendors should focus on fast-growing segments, while maintaining their positions in the slow-growing segments. Fetch actionable market insights on post COVID-19 impact on each product and service segments.


Which are the Key Regional Markets for Bancassurance Market?


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The report offers an up-to-date analysis of the geographical composition of the market. APAC had the largest market share in the bancassurance market in 2021, and the region will offer several growth opportunities to market vendors during the forecast period. The industry consolidation through partnerships will significantly influence bancassurance market growth in this region. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

48% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for bancassurance in the region. This report provides estimations of the contribution of all regions to the growth of the bancassurance market size.


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What are the Key Factors Covered in this Bancassurance Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive bancassurance market growth during the next five years
  • Precise estimation of the bancassurance market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the bancassurance industry across APAC, Europe, South America, North America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of bancassurance market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.


Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases


Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts



  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis


  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The bancassurance market growth will increase by $430.80 billion during 2019-2024.
The bancassurance market is expected to grow at a CAGR of 6.37% during 2019-2024.
Technavio has segmented the bancassurance market by product (Life bancassurance and Non-life bancassurance) and geographic (APAC, Europe, South America, and North America).
American Express Co., Australia and New Zealand Banking Group Ltd., Banco Santander SA, Barclays Bank Plc, BNP Paribas Cardif, Citigroup Inc., Crédit Agricole SA, HSBC Holdings Plc, ING Groep NV, Wells Fargo and Co. are a few of the key vendors in the bancassurance market.
APAC will register the highest growth rate of 46.82% among the other regions. Therefore, the bancassurance market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • China
  • France
  • Italy
  • Spain
  • Australia
The key factors driving the bancassurance market growth are:
  • Increased need for insurance
  • Industry consolidation through partnerships
The bancassurance market vendors should focus on grabbing business opportunities from the life bancassurance segment as it accounted for the largest market share in the base year.
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