Bancassurance in the Americas to 2020: Market Profile

  • October 2013
  • -
  • Timetric
  • -
  • 48 pages

Synopsis

The report provides market analysis, information and insights into bancassurance in the Americas. Including a global snapshot of the bancassurance concept in the insurance industry this report details the market share in the Americas as well as drivers and regulations.

Summary

In the consolidating world of financial services, the concept of bancassurance has taken a central role in the strategy of a growing number of financial institutions. Insurance products distributed through the banking channel have become a natural choice for mass-market clients looking for simple and low-cost products available from a trusted financial institution. Globally, bancassurance has emerged as an important insurance distributions channel that has not only allowed insurance companies to expand their geographical presence but also enabled banks to expand their overall product portfolio. The value of commissions earned through bancassurance is expected to grow globally.

Scope

• This report provides a comprehensive analysis of the bancassurance concept prevailing in the insurance industry
• It expands upon the current and future prospects for the insurance industry and the bancassurance distribution channel
• It outlines the current regulatory framework impacting the bancassurance business of the insurance industry
• It details the marketing strategies used by various insurers and other institutions
• It profiles the major insurers in the insurance industry and their bancassurance strategies
• It details the different infrastructural, consumer and business drivers affecting bancassurance in the Americas
• It outlines the current regulatory framework impacting the bancassurance business of the industry

Reasons To Buy

• Make strategic business decisions using historic and forecast market data related to bancassurance in the insurance industry
• Understand the key market trends and growth opportunities within the insurance industry through the bancassurance distribution channel
• Assess the competitive dynamics in the bancassurance business in the insurance industry
• Gain insights into the marketing strategies used for selling various types of life, non-life and personal accident and health insurance products through bancassurance agreements
• Gain insights into key regulations governing bancassurance by various national authorities in different countries

Table Of Contents

Table of Contents

1 Executive Summary
2 Global Snapshot of Bancassurance
2.1 Emergence of Bancassurance
2.1.1 Evolution of insurance distribution and bancassurance business model
2.1.2 Ongoing diversification - recent deals in bancassurance
2.2 Global Market Size and Outlook
2.3 Regulatory developments in the bancassurance sector
2.3.1 Permitted ownership and products
2.3.2 Taxation
2.3.3 Capital adequacy regulation
2.3.4 Basel III to redefine business structure of bancassurers
2.3.5 Solvency II to redefine bancassurance regulatory risk regime
3 The Americas
3.1 Introduction
3.2 Market sizing and Analysis of Bancassurance
3.2.1 Overview
3.2.2 By Segment / Product (Life and Non-Life)
3.3 Key Trends and Drivers
3.3.1 Business Drivers
3.3.2 Consumer Drivers
3.3.3 Infrastructure Drivers
3.4 Regulatory Framework
3.5 Insurance Channel Dynamics
3.6 Case Studies
3.6.1 Mapfre Corporate Profile
3.6.2 Wells Fargo
3.7 Challenges
4 Appendix
4.1 Methodology
4.2 Definition
4.3 Background
4.4 Contact Us
4.5 About Timetric
4.6 Disclaimer

List of Tables

Table 1: Bancassurance Channel Key Definitions

List of Figures

Figure 1: Global Snapshot of Insurance Distribution Channels, 2012
Figure 2: Evolution of Insurance Distribution Channel
Figure 3: Major Deals in the Global Bancassurance Market
Figure 4: Worldwide* Premium Earned through Bancassurance (US$ Billion), 2008-2017
Figure 5: Growth Potential of Various Insurance Channels across Geographical Regions
Figure 6: Snapshot of Solvency I vs. Solvency II
Figure 7: Possible options for Bancassurers under Solvency II
Figure 8: Shift in Bancassurance Market in The Americas
Figure 9: Growth Prospects of Bancassurance, 2013-2017
Figure 10: Insurance Penetration in the Americas, 2011
Figure 11: Percentage of Total Gross Written Life Insurance Premiums generated through Bancassurance (%), 2006-2016
Figure 12: Percentage of Total Gross Written Non-Life Insurance Premiums generated through Bancassurance (%), 2006-2016
Figure 13: Value of Commissions Earned through Bancassurance in the Americas (US$ Billion), 2006 -2016
Figure 14: : Number of New Policies/Schemes sold through Bancassurance in the Americas, (%), 2006-2016
Figure 15: Value Of Commissions earned through Bancassurance in the Americas, (US$ Billion), 2006 -2016
Figure 16: : Number of New Policies/Schemes sold through Bancassurance in the Americas Non-Life Insurance Segment, (%), 2006-2016
Figure 17: Key Drivers of Bancassurance in the Americas
Figure 18: Bank Penetration, (Number of Commercial Banks per Thousand Adults), 2010
Figure 19: Financial Savings, (Gross Domestic Savings as a % of GDP), 2011
Figure 20: Domestic Credit Availability, (Domestic Credit as a % of GDP), 2011
Figure 21: High Net-Worth Individuals in the Americas, (Number of Individuals), 2012
Figure 22: Percentage of Total Population Aged 60 Years or Over by 2050
Figure 23: Internet Penetration in the Americas (Internet Users as a % of Total Population), 30 June, 2012
Figure 24: Bancassurance Regulatory Framework in the Americas
Figure 25: Value of Commissions in the Life Insurance Segment by Distribution Channel (%), 2012
Figure 26: Value of Commissions in the Non-Life Insurance Segment by Distribution Channel (%), 2012
Figure 27: Mapfre - Corporate Profile, 2011
Figure 28: Mapfre Banking Networks
Figure 29: Mapfre Market Share Before and After Association with Banco do Brazil, 2009

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