Advertisement

The Development of Bancassurance in Europe

  • Ornella Ricci
Part of the Palgrave Macmillan Studies in Banking and Financial Institutions book series (SBFI)

Abstract

The first use of the term bancassurance was in France, where cooperation between banks and insurance companies started earlier than in other European countries. This word was originally coined to indicate the simple distribution of insurance products by bank branches, while now it is used to describe all kinds of relationships between the banking and the insurance industries. Along with the development of the phenomenon, bancassurance definitions are becoming more and more general, as in the following examples:

Bancassurance is basically the provision of and selling of banking and insurance products by the same organisation under the same roof. (Elkington, 1993, p. 2)

Bancassurance can be described as a strategy adopted by banks or insurance companies aiming to operate the financial market in a more or less integrated manner. (Swiss RE, 1992, p.4)

Keywords

Euro Area Mutual Fund Global Financial Crisis Insurance Industry Insurance Product 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. Berghendal, G. (1995) ‘The Profitability of Bancassurance for European Banks’, International Journal of Bank Marketing, XIII, 1, 17–28.CrossRefGoogle Scholar
  2. Casu, B., C. Girardone and P. Molyneux (2006) Introduction to Banking ( London: FT Prentice Hall).Google Scholar
  3. Davis, S.I. (2007) ‘Bancassurance: The Lessons of Global Experience in Banking and Insurance Collaboration’, VRL KnowledgeBank Ltd. Available online at www.patersons.com.Google Scholar
  4. Dierick, F. (2004) ‘The Supervision of Mixed Financial Services Groups in Europe’, European Central Bank, Occasional Paper Series no. 20 /2004.Google Scholar
  5. Daniel, J.P. (1995) Les Enjeux de la Bancassurance ( Paris: Edition de Verneuil).Google Scholar
  6. DBRS- Dominion Bond Rating Service (2006), ‘European Bancassurance Overview and Rating Methodology’, June.Google Scholar
  7. Elkington, W. (1993) ‘Bancassurance’, Chartered Building Societies Institutions Journal, March, 2–3.Google Scholar
  8. Ernst & Young (2010) ‘Bancassurance: A Winning Formula’, July.Google Scholar
  9. Fields, L., D. Fraser and J. Kolari (2007) ‘Bidder Returns in Bancassurance Mergers: Is There Evidence of Synergy?’ Journal of Banking & Finance, XXXI, 12, 3646–62.CrossRefGoogle Scholar
  10. Fitch Ratings (2006) ‘Bancassurance or not Bancassurance?’, February.Google Scholar
  11. Genetay, N. and P. Molyneux (1998) Bancassurance ( London: Palgrave Macmillan).CrossRefGoogle Scholar
  12. Hendershott, R.J., D.E. Lee and J.G. Tompkins (2002) ‘Winners and Losers as Financial Service Providers Converge: Evidence from the Financial Modernization Act of 1999’, The Financial Review, XXXVII, 1, 53–72.CrossRefGoogle Scholar
  13. Hoschka, T.C. (1994) Bancassurance in Europe ( London: Macmillan).CrossRefGoogle Scholar
  14. Locatelli, R., C. Morpugno and A. Zanette (2003) ‘L’integrazione tra banche e compagnie di assicurazione e il modello dei conglomerati finanziari in Europa’, in F. Cesarini (ed.) Le strategie delle grandi banche in Europa ( Rome: Bancaria Editrice ).Google Scholar
  15. Molyneux, P. (2002) ‘Evoluzione dei rapporti tra banca e assicurazione: lo scenario internazionale’, Evoluzione Bancassurance.Google Scholar
  16. Munich Re (2001) ‘Bancassurance in Practice’. Available online at www. munichre.com.Google Scholar
  17. National Bank of Belgium (2001) ‘La Bancassurance’, Revue Economique, May, 9–33.Google Scholar
  18. National Bank of Belgium (2002) ‘Financial Conglomerates’, Financial Stability Revue, Issue 1, 61–78.Google Scholar
  19. Staikouras, S.K. (2006) ‘Business Opportunities and Market Realities in Financial Conglomerates’, The Geneva Papers, XXXI, 1, 124–48.Google Scholar
  20. Swiss RE (1992) ‘Bancassurance’, Sigma, no. 2/1992. Zurich: Swiss Reinsurance Company, Economic Research j in Consulting.Google Scholar
  21. Swiss RE (2007) ‘Bancassurance: Emerging Trends, Opportunities and Challenges’, Sigma, no. 5/2007. Zurich: Swiss Reinsurance Company, Economic Research j in Consulting.Google Scholar
  22. Van den Berghe, L. and K. Verweire (1998) Creating the Future with All Finance and Financial Conglomerates ( Dordrecht: Kluwer Academic Publishers).CrossRefGoogle Scholar
  23. Van den Berghe, L. and K. Verweire (2001) ‘Convergence in the Financial Services Industry’, The Geneva Papers, XXVI, 2, 173–83.Google Scholar
  24. Vander Vennet, R. (2002) ‘Cost and Profit Efficiency of Financial Conglomerates and Universal Banks in Europe’, Journal of Money, Credit and Banking, XXXIV, 1, 254–82.CrossRefGoogle Scholar
  25. Voutilainen, R. (2005) ‘Comparing Alternative Structures of Financial Alliances’, The Geneva Papers, XXX, 327–42.Google Scholar

Copyright information

© Ornella Ricci 2012

Authors and Affiliations

  • Ornella Ricci

There are no affiliations available

Personalised recommendations