DUBLIN, March 8, 2024 /PRNewswire/ — The “Global Bancassurance Market (2023-2028) Competitive Analysis, Impact of Economic Slowdown & Impending Recession, Ansoff Analysis.” report has been added to ResearchAndMarkets.com’s offering.
The Global Bancassurance Market is estimated to be USD 1068.23 Mn in 2023 and is expected to reach USD 1595.18 Mn by 2028 growing at a CAGR of 8.35%.
Market dynamics are forces that impact the prices and behaviors of the Global Bancassurance Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.
As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.
Company Profiles
The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies’ recent development and competitive scenario. Some of the companies covered in this report are American Express Company, Barclays, DBS Bank Ltd., HSBC Holdings PLC, Zurich Insurance Company Ltd., etc.
Competitive Quadrant
The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Ansoff Analysis
- The report presents a detailed Ansoff matrix analysis for the Global Bancassurance Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development, and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
- The publisher analyses the Global Bancassurance Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
- Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.
Competitive Landscape
- Competitive Quadrant
- Market Share Analysis
- Strategic Initiatives
- M&A and Investments
- Partnerships and Collaborations
- Product Developments and Improvements
Company Profiles
- Agile FinTech FZ-LLC
- American Express Company
- Australia and New Zealand Banking Group Ltd.
- Banco Bradesco SA
- Banco Santander, SA
- Barclays
- BGL BNP Paribas
- Citigroup, Inc.
- Credit Agricole Group
- Credit Mutuel
- DBS Bank Ltd.
- HSBC Holdings PLC
- ING Group
- Intesa Sanpaolo S.p.A
- Lloyds Bank Group PLC
- Manulife Financial Corp.
- NongHyup Financial Group
- Nordea Group
- Prudential Financial, Inc.
- Societe Generale Group
- Zurich Insurance Company Ltd.
Key Topics Covered:
1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations, and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Growing Economy of the Developing Nations
4.1.2 Increasing Internet Penetration and Technological Advances Enhance Consumer Behaviors
4.1.3 Demand for Health and Life Insurance with Rising Geriatric Populace
4.2 Restraints
4.2.1 Dearth of Governmental Guidelines to Promote Bancassurance
4.3 Opportunities
4.3.1 Growing Private Sector Banking to Introduce Systemic and Functional Changes
4.3.2 Rise in the Number of Brokers or Agents Globally
4.4 Challenges
4.4.1 Reduced Awareness Among Consumers
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter’s Five Forces Analysis
5.3 PESTLE Analysis
5.4 Impact of Economic Slowdown & Impending Recession
5.5 Ansoff Matrix Analysis
6 Global Bancassurance Market, By Product
6.1 Introduction
6.2 Life Bancassurance
6.3 Non-Life Bancassurance
7 Global Bancassurance Market, By Type
7.1 Introduction
7.2 Joint Venture
Read More: Global Bancassurance Market Report 2023-2024 and 2028