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Global Bancassurance Technology Market Research Report 2024
Synopsis
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.
The global Bancassurance Technology market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
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.
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.
Report Scope
The Bancassurance Technology market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Bancassurance Technology market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Bancassurance Technology companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Agile Financial Technologies
BSB
E&Y
HP
BM
Oracle
Segment by Type
Cloud
Big Data
Others
Segment by Application
Banks
Insurance Firms
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Bancassurance Technology companies’ competitive landscape, revenue 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, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. 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, and capacity of each country in the world.
Chapter 11: 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 12: The main points and conclusions of the report.
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.
The global Bancassurance Technology market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
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.
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.
Report Scope
The Bancassurance Technology market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Bancassurance Technology market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Bancassurance Technology companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Agile Financial Technologies
BSB
E&Y
HP
BM
Oracle
Segment by Type
Cloud
Big Data
Others
Segment by Application
Banks
Insurance Firms
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Bancassurance Technology companies’ competitive landscape, revenue 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, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. 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, and capacity of each country in the world.
Chapter 11: 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 12: The main points and conclusions of the report.
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Bancassurance Technology Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Cloud
1.2.3 Big Data
1.2.4 Others
1.3 Market by Application
1.3.1 Global Bancassurance Technology Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Banks
1.3.3 Insurance Firms
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Bancassurance Technology Market Perspective (2019-2030)
2.2 Bancassurance Technology Growth Trends by Region
2.2.1 Global Bancassurance Technology Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Bancassurance Technology Historic Market Size by Region (2019-2024)
2.2.3 Bancassurance Technology Forecasted Market Size by Region (2025-2030)
2.3 Bancassurance Technology Market Dynamics
2.3.1 Bancassurance Technology Industry Trends
2.3.2 Bancassurance Technology Market Drivers
2.3.3 Bancassurance Technology Market Challenges
2.3.4 Bancassurance Technology Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Bancassurance Technology Players by Revenue
3.1.1 Global Top Bancassurance Technology Players by Revenue (2019-2024)
3.1.2 Global Bancassurance Technology Revenue Market Share by Players (2019-2024)
3.2 Global Bancassurance Technology Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Bancassurance Technology Revenue
3.4 Global Bancassurance Technology Market Concentration Ratio
3.4.1 Global Bancassurance Technology Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Bancassurance Technology Revenue in 2023
3.5 Bancassurance Technology Key Players Head office and Area Served
3.6 Key Players Bancassurance Technology Product Solution and Service
3.7 Date of Enter into Bancassurance Technology Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Bancassurance Technology Breakdown Data by Type
4.1 Global Bancassurance Technology Historic Market Size by Type (2019-2024)
4.2 Global Bancassurance Technology Forecasted Market Size by Type (2025-2030)
5 Bancassurance Technology Breakdown Data by Application
5.1 Global Bancassurance Technology Historic Market Size by Application (2019-2024)
5.2 Global Bancassurance Technology Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Bancassurance Technology Market Size (2019-2030)
6.2 North America Bancassurance Technology Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Bancassurance Technology Market Size by Country (2019-2024)
6.4 North America Bancassurance Technology Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Bancassurance Technology Market Size (2019-2030)
7.2 Europe Bancassurance Technology Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Bancassurance Technology Market Size by Country (2019-2024)
7.4 Europe Bancassurance Technology Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Bancassurance Technology Market Size (2019-2030)
8.2 Asia-Pacific Bancassurance Technology Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Bancassurance Technology Market Size by Region (2019-2024)
8.4 Asia-Pacific Bancassurance Technology Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Bancassurance Technology Market Size (2019-2030)
9.2 Latin America Bancassurance Technology Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Bancassurance Technology Market Size by Country (2019-2024)
9.4 Latin America Bancassurance Technology Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Bancassurance Technology Market Size (2019-2030)
10.2 Middle East & Africa Bancassurance Technology Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Bancassurance Technology Market Size by Country (2019-2024)
10.4 Middle East & Africa Bancassurance Technology Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Agile Financial Technologies
11.1.1 Agile Financial Technologies Company Detail
11.1.2 Agile Financial Technologies Business Overview
11.1.3 Agile Financial Technologies Bancassurance Technology Introduction
11.1.4 Agile Financial Technologies Revenue in Bancassurance Technology Business (2019-2024)
11.1.5 Agile Financial Technologies Recent Development
11.2 BSB
11.2.1 BSB Company Detail
11.2.2 BSB Business Overview
11.2.3 BSB Bancassurance Technology Introduction
11.2.4 BSB Revenue in Bancassurance Technology Business (2019-2024)
11.2.5 BSB Recent Development
11.3 E&Y
11.3.1 E&Y Company Detail
11.3.2 E&Y Business Overview
11.3.3 E&Y Bancassurance Technology Introduction
11.3.4 E&Y Revenue in Bancassurance Technology Business (2019-2024)
11.3.5 E&Y Recent Development
11.4 HP
11.4.1 HP Company Detail
11.4.2 HP Business Overview
11.4.3 HP Bancassurance Technology Introduction
11.4.4 HP Revenue in Bancassurance Technology Business (2019-2024)
11.4.5 HP Recent Development
11.5 BM
11.5.1 BM Company Detail
11.5.2 BM Business Overview
11.5.3 BM Bancassurance Technology Introduction
11.5.4 BM Revenue in Bancassurance Technology Business (2019-2024)
11.5.5 BM Recent Development
11.6 Oracle
11.6.1 Oracle Company Detail
11.6.2 Oracle Business Overview
11.6.3 Oracle Bancassurance Technology Introduction
11.6.4 Oracle Revenue in Bancassurance Technology Business (2019-2024)
11.6.5 Oracle Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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