Reportstack Announces the Publication of its Research Report - Global Bancassurance Market 2014-2018. Reportstack recognizes the following companies as the key players in the Global Bancassurance Market: BNP Paribus Cardif, Credit Agricole S.A., ING Groep N.V., and Wells Fargo Insurance Services Inc. “Emerging markets such as China, South Korea, and India are exhibiting high growth potential for bancassurance. The regulatory authorities have also recognized the potential of the bancassurance model in this region and have relaxed their norms in order to encourage private insurance players to integrate with banks. Foreign insurance players have also realized this as a potential growth opportunity and are entering these markets by collaborating with the domestic banks.”
According to the report, one of the major drivers in the market is the enhancement of the product portfolio of banks. Banks have been continuously striving to increase their profitability by increasing their product portfolio, increasing their outreach, and introducing new and attractive schemes. This has resulted in positioning banks as a one-stop financial solution. Further, the report states that one of the main challenges in this market is the tough regulatory norms which require the banks to have dedicated staff for bancassurance. This restricts the business volume of the bancassurance model.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit http://www.reportstack.com/product/149107/global-bancassurance-market-2014-2018.html