Covid-19 Impact on Global Bancassurance MarketSegmentation, Demand and Supply 2020

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Summary - A new market study, titled “ Covid-19 Impact on Global Bancassurance Market Size, Status and Forecast 2020-2026” ha…December 09, 2020

Bancassurance is a relationship between a bank and an insurance company that is aimed at offering insurance products or insurance benefits to the bank's customers.

Europe market took up about 39% the global market in 2018, while North America and China were about 25%, 13%.

Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Bancassurance market in 2020.

COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.

The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.

This report also analyses the impact of Coronavirus COVID-19 on the Bancassurance industry.

Based on our recent survey, we have several different scenarios about the Bancassurance YoY growth rate for 2020. The probable scenario is expected to grow by a xx% in 2020 and the revenue will be xx in 2020 from US$ 1968.4 million in 2019. The market size of Bancassurance will reach xx in 2026, with a CAGR of xx% from 2020 to 2026.

With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Bancassurance market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Bancassurance market in terms of revenue.

Players, stakeholders, and other participants in the global Bancassurance market will be able to gain the upper hand as they use the report as a powerful resource. For this version of the report, the segmental analysis focuses on revenue and forecast by each application segment in terms of revenue and forecast by each type segment in terms of revenue for the period 2015-2026.

Regional and Country-level Analysis

The report offers an exhaustive geographical analysis of the global Bancassurance market, covering important regions, viz, North America, Europe, China, Japan, Southeast Asia, Mid East and Central & South America. It also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, UAE, etc.

The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by each application segment in terms of revenue for the period 2015-2026.

Competition Analysis

In the competitive analysis section of the report, leading as well as prominent players of the global Bancassurance market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2015-2020.

ALSO READ : https://www.abnewswire.com/pressreleases/bancassurance-market-2020-...

On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Bancassurance market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Bancassurance market.

The following players are covered in this report:

ABN AMRO

ANZ

Banco Bradesco

American Express

Banco Santander

BNP Paribas

ING Group

Wells Fargo

Barclays

Intesa Sanpaolo

Lloyds Banking Group

Citigroup

HSBC

NongHyup Financial Group

Nordea Bank

Bancassurance Breakdown Data by Type

Life Bancassurance

Non-Life Bancassurance

Life bancassurance is the most widely used type which takes up about 59% of the global total revenue.

Bancassurance Breakdown Data by Application

Adults

Kids

Other

Adults was the most widely used which took up about 44% of the global total in 2018.

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