Middle East Middle East Bancassurance Market

Middle East Bancassurance Comprehensive Study by Application (Life Insurance (Term Insurance Plans, Endowment Plans, Unit Linked Insurance Plans), Non-life Insurance (Health Insurance, Marine Insurance, Property Insurance, Key Men Insurance)), Business Model (Full Integrated Models, Join Venture Model, Strategic Alliance Model, Other) Players and Region - Middle East Market Outlook to 2027

Middle East Bancassurance Market by XX Submarkets | Forecast Years 2022-2027  

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  • Summary
  • Market Segments
  • Table of Content
  • List of Table & Figures
  • Players Profiled
What is Middle East Bancassurance Market Scope?
The link between the insurance company and a bank that intends at offering insurance products or benefits to the customers of the bank is called bancassurance. The bank staff becomes the point of sale or point of contact for the customers in this partnership. The bank staff is counseled and supported by the insurance company by giving complete product information, sales training, and marketing campaigns. After the complete transaction is done the bank and the insurance company split the commission so obtained. Insurance policies that are sold by the banks are processed and further administered by the insurance company itself. This partnership can prove to be profitable for both sides. The banks can make additional revenue by promoting and selling the insurances, on the other hand, the insurance companies expand their customer base without expanding their sales team or paying extra commissions to the brokers or agents. This partnership has proved as an effective distribution channel in many countries.

The Middle East Bancassurance market study is being classified, by Application (Life Insurance [Term Insurance Plans, Endowment Plans, Unit Linked Insurance Plans] and Non-life Insurance [Health Insurance, Marine Insurance, Property Insurance, Key Men Insurance]) and major geographies with country level break-up.

American Express, Bank of America., Citi Group, HSBC, The ING Group, Societe Generale S.A., BNP Paribas S.A, ABN AMRO Bank N.V, Intesa Sanpaolo S.p.A, Lloyds Banking Group plc and standard chartered are some of the key players profiled in the study. Additionally, the Players which are also part of the research are National Bank of Egypt, Standard Bank Group, Emirates NBD Bank, First Abu Dhabi Bank, Qatar National Bank, Credit Agricole, Bank of Alexandria and Others.

Segmentation Analysis
Analyst at AMA have segmented the market study of Middle East Middle East Bancassurance market by Type, Application and Region.

On the basis of geography, the market of Middle East Bancassurance has been segmented into MEA (UAE, Saudi Arabia, Qatar, Kuwait, Bahrain, Oman, Egypt, Israel, Turkey, Rest of Middle East).




Influencing Market Trend
  • An increasing trend of implementing governmental regulations in developing regions in order to support the domestic growth of the market
  • Improvement in the Processing Time by Ease of Accessibility and Reduced Turnaround Time would make the Process Hassle-Free for the Customers

Market Drivers
  • With the Increasing Competition in The Market, the Banking Institutions Have Started to Bring in Better Products and Extended Customer Service.
  • Growing Demand of Customers for Getting Complete Solutions and Services All Under One Roof will drive the growth of the Market

Opportunities
  • An increasing trend of implementing governmental regulations in developing regions in order to support the domestic growth of the market
  • Improvement in the Processing Time by Ease of Accessibility and Reduced Turnaround Time would make the Process Hassle-Free for the Customers

Restraints
  • Lack of Transparency Associated With Insurance Policies

Challenges
  • Lack of Service Disruptions or Data Safety and Security
  • Growing Digitalisation Has Allowed the Customers to Divide the Insurance Cover


Key Target Audience
Middle East Bancassurance Providers, Research and Development Institutes, Performance Bank Guarantee Potential Investors, Industry Associations, Regulatory Bodies and Others

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The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.

To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.

Report Objectives / Segmentation Covered

By Application
  • Life Insurance [Term Insurance Plans, Endowment Plans, Unit Linked Insurance Plans]
  • Non-life Insurance [Health Insurance, Marine Insurance, Property Insurance, Key Men Insurance]
By Business Model
  • Full Integrated Models
  • Join Venture Model
  • Strategic Alliance Model
  • Other

By Regions
  • MEA
    • UAE
    • Saudi Arabia
    • Qatar
    • Kuwait
    • Bahrain
    • Oman
    • Egypt
    • Israel
    • Turkey
    • Rest of Middle East
  • 1. Market Overview
    • 1.1. Introduction
    • 1.2. Scope/Objective of the Study
      • 1.2.1. Research Objective
  • 2. Executive Summary
    • 2.1. Introduction
  • 3. Market Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. With the Increasing Competition in The Market, the Banking Institutions Have Started to Bring in Better Products and Extended Customer Service.
      • 3.2.2. Growing Demand of Customers for Getting Complete Solutions and Services All Under One Roof will drive the growth of the Market
    • 3.3. Market Challenges
      • 3.3.1. Lack of Service Disruptions or Data Safety and Security
      • 3.3.2. Growing Digitalisation Has Allowed the Customers to Divide the Insurance Cover
    • 3.4. Market Trends
      • 3.4.1. An increasing trend of implementing governmental regulations in developing regions in order to support the domestic growth of the market
      • 3.4.2. Improvement in the Processing Time by Ease of Accessibility and Reduced Turnaround Time would make the Process Hassle-Free for the Customers
  • 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  • 5. Middle East Middle East Bancassurance, by Application, Business Model and Region (value and price ) (2016-2021)
    • 5.1. Introduction
    • 5.2. Middle East Middle East Bancassurance (Value)
      • 5.2.1. Middle East Middle East Bancassurance by: Application (Value)
        • 5.2.1.1. Life Insurance [Term Insurance Plans, Endowment Plans, Unit Linked Insurance Plans]
        • 5.2.1.2. Non-life Insurance [Health Insurance, Marine Insurance, Property Insurance, Key Men Insurance]
      • 5.2.2. Middle East Middle East Bancassurance by: Business Model (Value)
        • 5.2.2.1. Full Integrated Models
        • 5.2.2.2. Join Venture Model
        • 5.2.2.3. Strategic Alliance Model
        • 5.2.2.4. Other
      • 5.2.3. Middle East Middle East Bancassurance Region
        • 5.2.3.1. MEA
          • 5.2.3.1.1. UAE
          • 5.2.3.1.2. Saudi Arabia
          • 5.2.3.1.3. Qatar
          • 5.2.3.1.4. Kuwait
          • 5.2.3.1.5. Bahrain
          • 5.2.3.1.6. Oman
          • 5.2.3.1.7. Egypt
          • 5.2.3.1.8. Israel
          • 5.2.3.1.9. Turkey
          • 5.2.3.1.10. Rest of Middle East
    • 5.3. Middle East Middle East Bancassurance (Price)
  • 6. Middle East Bancassurance: Manufacturers/Players Analysis
    • 6.1. Competitive Landscape
      • 6.1.1. Market Share Analysis
        • 6.1.1.1. Top 3
        • 6.1.1.2. Top 5
    • 6.2. Peer Group Analysis (2021)
    • 6.3. BCG Matrix
    • 6.4. Company Profile
      • 6.4.1. American Express
        • 6.4.1.1. Business Overview
        • 6.4.1.2. Products/Services Offerings
        • 6.4.1.3. Financial Analysis
        • 6.4.1.4. SWOT Analysis
      • 6.4.2. Bank of America.
        • 6.4.2.1. Business Overview
        • 6.4.2.2. Products/Services Offerings
        • 6.4.2.3. Financial Analysis
        • 6.4.2.4. SWOT Analysis
      • 6.4.3. Citi Group
        • 6.4.3.1. Business Overview
        • 6.4.3.2. Products/Services Offerings
        • 6.4.3.3. Financial Analysis
        • 6.4.3.4. SWOT Analysis
      • 6.4.4. HSBC
        • 6.4.4.1. Business Overview
        • 6.4.4.2. Products/Services Offerings
        • 6.4.4.3. Financial Analysis
        • 6.4.4.4. SWOT Analysis
      • 6.4.5. The ING Group
        • 6.4.5.1. Business Overview
        • 6.4.5.2. Products/Services Offerings
        • 6.4.5.3. Financial Analysis
        • 6.4.5.4. SWOT Analysis
      • 6.4.6. Societe Generale S.A.
        • 6.4.6.1. Business Overview
        • 6.4.6.2. Products/Services Offerings
        • 6.4.6.3. Financial Analysis
        • 6.4.6.4. SWOT Analysis
      • 6.4.7. BNP Paribas S.A
        • 6.4.7.1. Business Overview
        • 6.4.7.2. Products/Services Offerings
        • 6.4.7.3. Financial Analysis
        • 6.4.7.4. SWOT Analysis
      • 6.4.8. ABN AMRO Bank N.V
        • 6.4.8.1. Business Overview
        • 6.4.8.2. Products/Services Offerings
        • 6.4.8.3. Financial Analysis
        • 6.4.8.4. SWOT Analysis
      • 6.4.9. Intesa Sanpaolo S.p.A
        • 6.4.9.1. Business Overview
        • 6.4.9.2. Products/Services Offerings
        • 6.4.9.3. Financial Analysis
        • 6.4.9.4. SWOT Analysis
      • 6.4.10. Lloyds Banking Group plc
        • 6.4.10.1. Business Overview
        • 6.4.10.2. Products/Services Offerings
        • 6.4.10.3. Financial Analysis
        • 6.4.10.4. SWOT Analysis
      • 6.4.11. Standard chartered
        • 6.4.11.1. Business Overview
        • 6.4.11.2. Products/Services Offerings
        • 6.4.11.3. Financial Analysis
        • 6.4.11.4. SWOT Analysis
  • 7. Middle East Middle East Bancassurance Sale, by Application, Business Model and Region (value and price ) (2022-2027)
    • 7.1. Introduction
    • 7.2. Middle East Middle East Bancassurance (Value)
      • 7.2.1. Middle East Middle East Bancassurance by: Application (Value)
        • 7.2.1.1. Life Insurance [Term Insurance Plans, Endowment Plans, Unit Linked Insurance Plans]
        • 7.2.1.2. Non-life Insurance [Health Insurance, Marine Insurance, Property Insurance, Key Men Insurance]
      • 7.2.2. Middle East Middle East Bancassurance by: Business Model (Value)
        • 7.2.2.1. Full Integrated Models
        • 7.2.2.2. Join Venture Model
        • 7.2.2.3. Strategic Alliance Model
        • 7.2.2.4. Other
      • 7.2.3. Middle East Middle East Bancassurance Region
        • 7.2.3.1. MEA
          • 7.2.3.1.1. UAE
          • 7.2.3.1.2. Saudi Arabia
          • 7.2.3.1.3. Qatar
          • 7.2.3.1.4. Kuwait
          • 7.2.3.1.5. Bahrain
          • 7.2.3.1.6. Oman
          • 7.2.3.1.7. Egypt
          • 7.2.3.1.8. Israel
          • 7.2.3.1.9. Turkey
          • 7.2.3.1.10. Rest of Middle East
    • 7.3. Middle East Middle East Bancassurance (Price)
  • 8. Appendix
    • 8.1. Acronyms
  • 9. Methodology and Data Source
    • 9.1. Methodology/Research Approach
      • 9.1.1. Research Programs/Design
      • 9.1.2. Market Size Estimation
      • 9.1.3. Market Breakdown and Data Triangulation
    • 9.2. Data Source
      • 9.2.1. Secondary Sources
      • 9.2.2. Primary Sources
    • 9.3. Disclaimer
List of Tables
  • Table 1. Middle East Bancassurance: by Application(USD Million)
  • Table 2. Middle East Bancassurance Life Insurance [Term Insurance Plans, Endowment Plans, Unit Linked Insurance Plans] , by Region USD Million (2016-2021)
  • Table 3. Middle East Bancassurance Non-life Insurance [Health Insurance, Marine Insurance, Property Insurance, Key Men Insurance] , by Region USD Million (2016-2021)
  • Table 4. Middle East Bancassurance: by Business Model(USD Million)
  • Table 5. Middle East Bancassurance Full Integrated Models , by Region USD Million (2016-2021)
  • Table 6. Middle East Bancassurance Join Venture Model , by Region USD Million (2016-2021)
  • Table 7. Middle East Bancassurance Strategic Alliance Model , by Region USD Million (2016-2021)
  • Table 8. Middle East Bancassurance Other , by Region USD Million (2016-2021)
  • Table 9. MEA Middle East Bancassurance, by Country USD Million (2016-2021)
  • Table 10. MEA Middle East Bancassurance, by Application USD Million (2016-2021)
  • Table 11. MEA Middle East Bancassurance, by Business Model USD Million (2016-2021)
  • Table 12. UAE Middle East Bancassurance, by Application USD Million (2016-2021)
  • Table 13. UAE Middle East Bancassurance, by Business Model USD Million (2016-2021)
  • Table 14. Saudi Arabia Middle East Bancassurance, by Application USD Million (2016-2021)
  • Table 15. Saudi Arabia Middle East Bancassurance, by Business Model USD Million (2016-2021)
  • Table 16. Qatar Middle East Bancassurance, by Application USD Million (2016-2021)
  • Table 17. Qatar Middle East Bancassurance, by Business Model USD Million (2016-2021)
  • Table 18. Kuwait Middle East Bancassurance, by Application USD Million (2016-2021)
  • Table 19. Kuwait Middle East Bancassurance, by Business Model USD Million (2016-2021)
  • Table 20. Bahrain Middle East Bancassurance, by Application USD Million (2016-2021)
  • Table 21. Bahrain Middle East Bancassurance, by Business Model USD Million (2016-2021)
  • Table 22. Oman Middle East Bancassurance, by Application USD Million (2016-2021)
  • Table 23. Oman Middle East Bancassurance, by Business Model USD Million (2016-2021)
  • Table 24. Egypt Middle East Bancassurance, by Application USD Million (2016-2021)
  • Table 25. Egypt Middle East Bancassurance, by Business Model USD Million (2016-2021)
  • Table 26. Israel Middle East Bancassurance, by Application USD Million (2016-2021)
  • Table 27. Israel Middle East Bancassurance, by Business Model USD Million (2016-2021)
  • Table 28. Turkey Middle East Bancassurance, by Application USD Million (2016-2021)
  • Table 29. Turkey Middle East Bancassurance, by Business Model USD Million (2016-2021)
  • Table 30. Rest of Middle East Middle East Bancassurance, by Application USD Million (2016-2021)
  • Table 31. Rest of Middle East Middle East Bancassurance, by Business Model USD Million (2016-2021)
  • Table 32. Company Basic Information, Sales Area and Its Competitors
  • Table 33. Company Basic Information, Sales Area and Its Competitors
  • Table 34. Company Basic Information, Sales Area and Its Competitors
  • Table 35. Company Basic Information, Sales Area and Its Competitors
  • Table 36. Company Basic Information, Sales Area and Its Competitors
  • Table 37. Company Basic Information, Sales Area and Its Competitors
  • Table 38. Company Basic Information, Sales Area and Its Competitors
  • Table 39. Company Basic Information, Sales Area and Its Competitors
  • Table 40. Company Basic Information, Sales Area and Its Competitors
  • Table 41. Company Basic Information, Sales Area and Its Competitors
  • Table 42. Company Basic Information, Sales Area and Its Competitors
  • Table 43. Middle East Bancassurance: by Application(USD Million)
  • Table 44. Middle East Bancassurance Life Insurance [Term Insurance Plans, Endowment Plans, Unit Linked Insurance Plans] , by Region USD Million (2022-2027)
  • Table 45. Middle East Bancassurance Non-life Insurance [Health Insurance, Marine Insurance, Property Insurance, Key Men Insurance] , by Region USD Million (2022-2027)
  • Table 46. Middle East Bancassurance: by Business Model(USD Million)
  • Table 47. Middle East Bancassurance Full Integrated Models , by Region USD Million (2022-2027)
  • Table 48. Middle East Bancassurance Join Venture Model , by Region USD Million (2022-2027)
  • Table 49. Middle East Bancassurance Strategic Alliance Model , by Region USD Million (2022-2027)
  • Table 50. Middle East Bancassurance Other , by Region USD Million (2022-2027)
  • Table 51. MEA Middle East Bancassurance, by Country USD Million (2022-2027)
  • Table 52. MEA Middle East Bancassurance, by Application USD Million (2022-2027)
  • Table 53. MEA Middle East Bancassurance, by Business Model USD Million (2022-2027)
  • Table 54. UAE Middle East Bancassurance, by Application USD Million (2022-2027)
  • Table 55. UAE Middle East Bancassurance, by Business Model USD Million (2022-2027)
  • Table 56. Saudi Arabia Middle East Bancassurance, by Application USD Million (2022-2027)
  • Table 57. Saudi Arabia Middle East Bancassurance, by Business Model USD Million (2022-2027)
  • Table 58. Qatar Middle East Bancassurance, by Application USD Million (2022-2027)
  • Table 59. Qatar Middle East Bancassurance, by Business Model USD Million (2022-2027)
  • Table 60. Kuwait Middle East Bancassurance, by Application USD Million (2022-2027)
  • Table 61. Kuwait Middle East Bancassurance, by Business Model USD Million (2022-2027)
  • Table 62. Bahrain Middle East Bancassurance, by Application USD Million (2022-2027)
  • Table 63. Bahrain Middle East Bancassurance, by Business Model USD Million (2022-2027)
  • Table 64. Oman Middle East Bancassurance, by Application USD Million (2022-2027)
  • Table 65. Oman Middle East Bancassurance, by Business Model USD Million (2022-2027)
  • Table 66. Egypt Middle East Bancassurance, by Application USD Million (2022-2027)
  • Table 67. Egypt Middle East Bancassurance, by Business Model USD Million (2022-2027)
  • Table 68. Israel Middle East Bancassurance, by Application USD Million (2022-2027)
  • Table 69. Israel Middle East Bancassurance, by Business Model USD Million (2022-2027)
  • Table 70. Turkey Middle East Bancassurance, by Application USD Million (2022-2027)
  • Table 71. Turkey Middle East Bancassurance, by Business Model USD Million (2022-2027)
  • Table 72. Rest of Middle East Middle East Bancassurance, by Application USD Million (2022-2027)
  • Table 73. Rest of Middle East Middle East Bancassurance, by Business Model USD Million (2022-2027)
  • Table 74. Research Programs/Design for This Report
  • Table 75. Key Data Information from Secondary Sources
  • Table 76. Key Data Information from Primary Sources
List of Figures
  • Figure 1. Porters Five Forces
  • Figure 2. Supply/Value Chain
  • Figure 3. PESTEL analysis
  • Figure 4. Middle East Middle East Bancassurance: by Application USD Million (2016-2021)
  • Figure 5. Middle East Middle East Bancassurance: by Business Model USD Million (2016-2021)
  • Figure 6. MEA Middle East Bancassurance Share (%), by Country
  • Figure 7. Middle East Middle East Bancassurance share by Players 2021 (%)
  • Figure 8. Middle East Middle East Bancassurance share by Players (Top 3) 2021(%)
  • Figure 9. Middle East Middle East Bancassurance share by Players (Top 5) 2021(%)
  • Figure 10. BCG Matrix for key Companies
  • Figure 11. American Express Revenue, Net Income and Gross profit
  • Figure 12. American Express Revenue: by Geography 2021
  • Figure 13. Bank of America. Revenue, Net Income and Gross profit
  • Figure 14. Bank of America. Revenue: by Geography 2021
  • Figure 15. Citi Group Revenue, Net Income and Gross profit
  • Figure 16. Citi Group Revenue: by Geography 2021
  • Figure 17. HSBC Revenue, Net Income and Gross profit
  • Figure 18. HSBC Revenue: by Geography 2021
  • Figure 19. The ING Group Revenue, Net Income and Gross profit
  • Figure 20. The ING Group Revenue: by Geography 2021
  • Figure 21. Societe Generale S.A. Revenue, Net Income and Gross profit
  • Figure 22. Societe Generale S.A. Revenue: by Geography 2021
  • Figure 23. BNP Paribas S.A Revenue, Net Income and Gross profit
  • Figure 24. BNP Paribas S.A Revenue: by Geography 2021
  • Figure 25. ABN AMRO Bank N.V Revenue, Net Income and Gross profit
  • Figure 26. ABN AMRO Bank N.V Revenue: by Geography 2021
  • Figure 27. Intesa Sanpaolo S.p.A Revenue, Net Income and Gross profit
  • Figure 28. Intesa Sanpaolo S.p.A Revenue: by Geography 2021
  • Figure 29. Lloyds Banking Group plc Revenue, Net Income and Gross profit
  • Figure 30. Lloyds Banking Group plc Revenue: by Geography 2021
  • Figure 31. Standard chartered Revenue, Net Income and Gross profit
  • Figure 32. Standard chartered Revenue: by Geography 2021
  • Figure 33. Middle East Middle East Bancassurance: by Application USD Million (2022-2027)
  • Figure 34. Middle East Middle East Bancassurance: by Business Model USD Million (2022-2027)
  • Figure 35. MEA Middle East Bancassurance Share (%), by Country
List of companies from research coverage that are profiled in the study
  • American Express
  • Bank of America.
  • Citi Group
  • HSBC
  • The ING Group
  • Societe Generale S.A.
  • BNP Paribas S.A
  • ABN AMRO Bank N.V
  • Intesa Sanpaolo S.p.A
  • Lloyds Banking Group plc
  • standard chartered
Additional players considered in the study are as follows:
National Bank of Egypt , Standard Bank Group , Emirates NBD Bank , First Abu Dhabi Bank , Qatar National Bank , Credit Agricole , Bank of Alexandria , Others
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Mar 2022 136 Pages 82 Tables Base Year: 2021 Coverage: 15+ Companies; 18 Countries

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Frequently Asked Questions (FAQ):

The Middle East Middle East Bancassurance market is expected to see a growth of % during projected year 2021 to 2027.
The prominent players of Middle East Middle East Bancassurance market are American Express, Bank of America., Citi Group, HSBC, The ING Group, Societe Generale S.A., BNP Paribas S.A, ABN AMRO Bank N.V, Intesa Sanpaolo S.p.A, Lloyds Banking Group plc and standard chartered, to name a few.
In this highly competitive & fast evolving Middle East Bancassurance industry, the top strategic priorities would remain consistent like innovation, R&D and M&A.

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