Advertisement

The Bancassurance Market in Europe

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

Abstract

Bancassurance, the provision of policies by banks or lending institutions, represents one of the most significant changes to have occurred in the insurance industry over recent years. This practice originated in France in the mid-1980s, and spread rapidly, particularly in Europe, Australia, and emerging markets; however, it is applied heterogeneously around the world. The present chapter draws on these appraisals, outlining the use of bank branches in insurance distribution. The aim is to identify the reasons for the pervasiveness of bancassurance in markets and business lines. In particular, differences among countries and type of products are examined on the basis of public statistical data and available reports. Special attention is given to the European area, consistent with the purpose of this volume.

Keywords

Gross Domestic Product Life Insurance Distribution Channel 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. Accenture (2010) How Bancassurance can Dominate the UK Life Insurance Industry, London.Google Scholar
  2. ANIA (2010) Fact Pack 2010. Life Sector, December, Rome.Google Scholar
  3. BCG (2009) Bancassurance in China. Reaching the Next Level, December.Google Scholar
  4. CEA (2010a) ‘European Insurance in Figures: Data 1999–2008’, CEA Statistics, No. 40, July, Brussels.Google Scholar
  5. CEA (2010b) ‘European Insurance in Figures’, CEA Statistics, No. 42, November, Brussels.Google Scholar
  6. CEA (2010c) ‘The European Life Insurance Markets: Data 2000–2009’, CEA Statistics, No. 43, December, Brussels.Google Scholar
  7. CEA (2010d) ‘Insurance Distribution Channels in Europe’, CEA Statistics, No. 39, March, Brussels.Google Scholar
  8. Davis, S. I. (2007) Bancassurance: The Lessons of Global Experience in Banking and Insurance Collaboration, June, London.Google Scholar
  9. EY (2010) Bancassurance: A Winning Formula, July, London.Google Scholar
  10. GD (2010) ‘Generali Deutschland Full Year 2009 Results’, Investor Relations, March, Cologne.Google Scholar
  11. KLIA (2010) ‘Annual Statistics FY2009: Premium Income by Distribution Channel’, KLIA Annual Report, Seoul.Google Scholar
  12. KNIA (2009) ‘Fact Book 2009: Distribution Channels’, KNIA Annual Report, Seoul.Google Scholar
  13. LIMRA (2007) ‘Bancassurance Around the World’, LIMRA Global Research, Windsor.Google Scholar
  14. Munich Re (2001) Bancassurance in Practice, Munich.Google Scholar
  15. SOGECAP (2010) Annual Report 2009, Paris.Google Scholar
  16. Swiss Re (2002) ‘Bancassurance Developments in Asia–Shifting into a Higher Gear’, Sigma, No. 7, October, Zurich.Google Scholar
  17. Swiss Re (2007) ‘Bancassurance: emerging trends, opportunities and challenges’, Sigma, No. 5, August, Zurich.Google Scholar
  18. Swiss Re (2010) ‘World Insurance in 2009. Premiums dipped, but industry capital improved: Statistical Appendix’, Sigma, No. 2, December, Zurich.Google Scholar
  19. TII (2007) ‘Taiwan Life Insurance’, TII Market Report, Taiwan.Google Scholar

Copyright information

© Massimo Caratelli 2012

Authors and Affiliations

  • Massimo Caratelli

There are no affiliations available

Personalised recommendations