Bancassurance Market Overview, Trends, Opportunities, Growth and Forecast by 2024
According to the latest report by IMARC Group, titled “ Bancassurance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024 ”, the global bancassurance market size reached US$ 1,166 Billion in 2018. Bancassurance is defined as the partnership between an insurance company and a bank, where the former uses the latter as a distribution channel to sell its products. This arrangement helps the bank to earn a revenue apart from the interest, also known as fee-based income. On the other hand, the insurance company can expand its consumer base without paying agents or elevating broker commissions and sales force. With the help of bancassurance, these institutions can offer a variety of investment and banking services and products, such as health insurance, credit life, annuities, life insurance and mortgage. Request for a sample copy of this research report: https://www.imarcgroup.com/bancassurance-market/requestsample Global Bancassurance Market Tr...