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Bancassurance Market Projected to Reach $1.99 trillion by 2030 – Exclusive Report by 360iResearch

Published

1 month ago

April 10, 2024

PUNE, India, April 9, 2024 /PRNewswire/ — The report titled “Bancassurance Market by Product (Life Bancassurance, Non-Life Bancassurance), Type (Joint Venture, Pure Distributor, Strategic Alliance), End-User – Global Forecast 2024-2030“ is now available on 360iResearch.com’s offering, presents an analysis indicating that the market projected to grow from a size of $1.28 trillion in 2023 to reach $1.99 trillion by 2030, at a CAGR of 6.50% over the forecast period.

“Bancassurance: A Global Revolution in Financial Services Delivery“

Bancassurance, the innovative integration of banking and insurance services, redefines customer experiences by offering tailor-made financial solutions through a unified platform. This model not only streamlines customer access to a diverse array of products but also introduces cost efficiencies and cross-selling opportunities that enhance the profitability of both sectors. Recognizing its potential, financial institutions worldwide are increasingly adopting the bancassurance model, paving the way for its significant growth across the Americas, Asia-Pacific, and Europe. Strategic alliances are being forged in the Americas to capture market share and enrich customer offerings. Meanwhile, the Asia-Pacific region witnesses a remarkable uptake in insurance services via bancassurance, signaling a shift in how banks and insurers approach market penetration and customer engagement, especially in underserved rural areas. Europe continues to lead with a robust and secure bancassurance framework, catering to the evolving needs of its diverse customer base, including the burgeoning segment of small and medium enterprises seeking comprehensive risk management solutions. Across these landscapes, technological advancements and a global perspective are shaping a more efficient and customer-centric bancassurance distribution channel.

Download Sample Report @ https://www.360iresearch.com/library/intelligence/bancassurance

“Bancassurance: Bridging the Gap Between Banking and Insurance for Enhanced Financial Security“

In recent years, the need for insurance has seen a marked increase, with more than half of Americans owning life insurance, highlighting a shift toward more excellent financial protection against life’s uncertainties. This surge underscores the essential role of bancassurance, a synergy between banks and insurance firms, in making insurance products more accessible to a varied customer base. By integrating insurance with traditional banking services such as savings accounts and loans, bancassurance offers a seamless customer experience, fostering stronger relationships and enhancing customer value over time. Moreover, the digital revolution has streamlined the purchase and management of insurance, making it more accessible and convenient for everyone. This blend of banking and insurance services not only meets the contemporary needs of consumers but also propels the growth of the bancassurance sector by expanding its reach and impact.

“Rising Demand for Integrated Banking and Life Insurance Solutions Elevates Customer Experience“

In an era where convenience and comprehensive services are paramount, the symbiotic partnership between banks and life insurance firms has led to an innovative financial offering known as life bancassurance. This collaboration redefines financial planning by enabling individuals to access diverse life insurance products through trusted banking channels. Customers value policies catering to their long-term objectives, from term insurance, providing essential financial protection, to endowment plans combining savings with security. Unit Linked Insurance Plans (ULIPs) stand out by integrating investment opportunities with life coverage, offering a dual advantage of wealth growth and security, complete with tax incentives. The expansion into non-life insurance categories further diversifies the portfolio, covering an array of needs from health to home and ensuring a holistic approach to personal and financial well-being. This dynamic integration of banking and insurance services is enhancing customer satisfaction and setting a new standard for convenience and security in financial services.

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“Banco Santander S.A. at the Forefront of Bancassurance Market with a Strong 4.08% Market Share“

The key players in the Bancassurance Market include Banco Santander S.A., Barclays PLC, Lloyds Bank Group PLC, Wells Fargo & Company, American Express Banking Corp., and others. These prominent players focus on strategies such as expansions, acquisitions, joint ventures, and developing new products to strengthen their market positions.

“Introducing ThinkMi: Revolutionizing Market Intelligence with AI-Powered Insights for the Bancassurance Market“

We proudly unveil ThinkMi, a cutting-edge AI product designed to transform how businesses interact with the Bancassurance Market. ThinkMi stands out as your premier market intelligence partner, delivering unparalleled insights with the power of artificial intelligence. Whether deciphering market trends or offering actionable intelligence, ThinkMi is engineered to provide precise, relevant answers to your most critical business questions. This revolutionary tool is more than just an information source; it’s a strategic asset that empowers your decision-making with up-to-the-minute data, ensuring you stay ahead in the fiercely competitive Bancassurance Market. Embrace the future of market analysis with ThinkMi, where informed decisions lead to remarkable growth.

Ask Question to ThinkMi @ https://app.360iresearch.com/library/intelligence/bancassurance

“Dive into the Bancassurance Market Landscape: Explore 193 Pages of Insights, 374 Tables, and 22 Figures“

Preface
Research Methodology
Executive Summary
Market Overview
Market Insights
Bancassurance Market, by Product
Bancassurance Market, by Type
Bancassurance Market, by End-User
Americas Bancassurance Market
Asia-Pacific Bancassurance Market
Europe, Middle East & Africa Bancassurance Market
Competitive Landscape
Competitive Portfolio

Inquire Before Buying @ https://www.360iresearch.com/library/intelligence/bancassurance

Related Reports:

About 360iResearch

Founded in 2017, 360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.

We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset — our people.

Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.

Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.

Contact 360iResearch

Mr. Ketan Rohom
360iResearch Private Limited,
Office No. 519, Nyati Empress,
Opposite Phoenix Market City,
Vimannagar, Pune, Maharashtra,
India – 411014.

Email: [email protected]

USA: +1-530-264-8485
India: +91-922-607-7550

To learn more, visit 360iresearch.com or follow us on LinkedIn, Twitter, and Facebook.

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Call for Projects: Over $3 Million Investment for International Audiovisual Contents at TCCF PITCHING 2024

Published

39 mins ago

May 16, 2024

CISION (PR Newswire)

TAIPEI, May 16, 2024 /PRNewswire/ — Taiwan Creative Content Agency (TAICCA) is pleased to announce that the 5th Taiwan Creative Content Fest (TCCF) will take place from November 5th to 8th at the Taipei Nangang Exhibition Center. The “Project to Screen” section continues to invite international submissions, with expected total investment resources of over USD 3 million provided.

“Project to Screen”: Facilitating Production and Market Access

The “Project to Screen” section includes four categories: feature films, series, animation, and documentaries. Submissions open on June 3rd and will undergo evaluation by a panel of international juries. Selected entries will receive training resources and present proposals during TCCF, with accommodation subsidies offered. One outstanding project will be awarded the “Project to Screen: Best Project” award and a prize of USD 30,000.

All selected projects can apply for TAICCA’s “Creative Content Development Program (CCDP) – Development Fund” and “Taiwan’s International Co-funding Program 2.0 (TICP 2.0) Option 2″ within two years. The total funding surpasses USD 3 million, providing resources to advance project development and establish connections within the market. Both initiatives have helped build on success at the Berlinale and Cannes Film Festival in 2024, paving the way for high-quality works with international marketability.

TCCF 2024 continues to collaborate with international festivals, markets, and organizations to promote audiovisual works and talents to the European and global markets. One project selected by Series Mania is invited to participate in the 2025 event. The BIFAN NAFF Project Market, Focus Asia-All Genres Market, and the MIFFest Project Market will also select project proposals from TCCF to participate in upcoming events.

TCCF award winners are making significant impacts and gaining recognition at prestigious film festivals and markets. The documentary “After the Snowmelt,” winner of the “TAICCA X CNC AWARD” in TCCF 2023, has since been selected to multiple international film festivals, including Visions du Réel in Switzerland, Jeonju International Film Festival in South Korea, Trento Film Festival in Italy, and Millennium Docs Against Gravity in Poland, showcasing Taiwan’s cultural and content strengths on the global stage.

Aside from projects selected from the TCCF Project to Screen open call, ones from TAICCA’s workshop in collaboration with “Festival des 3 Continents / Produire au Sud,” “Series Mania Institute,” and audiovisual professionals from South Korea, will also be presented in respected pitching sessions.

“Story to Screen” Sessions: Showcase of Adaptation Potential for Industry Buyers

Another section of TCCF PITCHING “Story to Screen” recommends story IPs with adaptation potential, including fiction and non-fiction, comics, and original story concepts. Along with “Shoot the Book! TCCF” session – a collaboration with SCELF, “Story to Screen” will present Taiwanese and French stories with marketability to domestic and international buyers and professionals, aiming to facilitate adaptations, foster collaborations, and expand the reach of compelling narratives.‍

Elevating Taiwan’s Creative Industry: TAICCA Pioneers Collaboration and Funding

Homme TSAI, TAICCA’s chairman, emphasized the agency’s commitment to enhancing Taiwan’s creative industry. To further support the cultural investment environment, that was made favorable following the amendment regarding the Development of the Cultural and Creative Industries Act, TAICCA has collaborated with leading domestic telecommunication and technology companies, including ASUS and ADATA, as well as international creative content companies such as CJ ENM Hong Kong and Warner Bros. Discovery Group, to establish funds, laying the groundwork for producing high-quality works with global appeal.

TCCF is a major annual event in the Asian creative content industry, attracting buyers and sellers internationally to converge and engage in networking and commercial negotiations. Divided into three main sections — PITCHING, MARKET, and FORUM — TCCF aims to promote exceptional works with marketability and international influence, while actively fostering opportunities for transmedia content development, investment, sales, and distribution.

TCCF PITCHING “Project to Screen” 2024 Important Dates

June 03 – July 31: Open call and submission.

Early September: Announcement for selected projects/stories.

Please refer to the official website (https://www.tccf.tw/en/home) for the announcement of the call for projects.

About TAICCA (https://en.taicca.tw/)

The Taiwan Creative Content Agency (TAICCA), established in June 2019 and supported by the Ministry of Culture, is a professional intermediary organization working to promote the development of Taiwan’s content industries including film and TV, publishing, pop music, ACG, and more.

Media Contact

TAICCA PR | Wengin Hsu | [email protected]
TAICCA PR | Alice Chang | [email protected]

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View original content:https://www.prnewswire.co.uk/news-releases/call-for-projects-over-3-million-investment-for-international-audiovisual-contents-at-tccf-pitching-2024-302147226.html

Latest News

Credit repayment fintech Incredible raises $1m

Published

2 hours ago

May 16, 2024

Peter Tolan

“Incredible Secures $1M in Pre-Seed Funding to Revolutionize Credit Card Debt Repayment”

Incredible, a fintech pioneering the use of cutting-edge open banking technology to enhance credit card debt repayment efficiency, has successfully raised $1 million in a pre-seed funding round, attracting investment from renowned industry figures.

Founded in 2022, Incredible leverages the synergy of open banking technology and artificial intelligence to empower users in tracking, managing, and minimizing the costs associated with their borrowing activities. The recent funding round, which saw participation from former Plaid executive Keith Grose and esteemed angel investor Mark Ransford, marks a significant milestone for the company.

Utilizing its innovative platform, Incredible assists users in optimizing their credit card repayment strategies by harnessing the power of open banking technology to analyze their financial data. By identifying each user’s ideal monthly credit card repayment allocation, the platform employs Variable Recurring Payments (VRPs) — an expedited version of direct debits facilitated by open banking — to streamline payment processes.

Founder Yaseen Rostom emphasizes the pressing need for effective tools to manage diverse forms of borrowing, ranging from credit cards to personal loans and car finance. Targeting time-constrained millennials grappling with financial management challenges, Incredible aims to fill this critical gap in the market.

Despite facing competition from entities like Updraft and debt consolidation firms, as well as credit score providers like ClearScore, Incredible has rapidly gained traction, boasting over 1,500 customers within a short timeframe. Headquartered in the UK and comprising a dedicated team of four professionals, Incredible’s user-friendly app is readily accessible for download on both Google and Apple platforms.

Looking ahead, Rostom reveals the fintech’s ambitious plans to expand its offerings beyond credit cards, extending its expertise to encompass the management of personal loans and car finance.

Source: tech.eu

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Latest News

Bankart migrates payment processing to Diebold Nixdorf’s Vynamic Transaction Middleware

Published

4 hours ago

May 16, 2024

Peter Tolan

“Bankart Chooses Diebold Nixdorf’s Vynamic Transaction Middleware for Enhanced Payment Processing”

Bankart, a prominent financial institution based in Slovenia, is undergoing a significant transformation by transitioning its payment processing services from ACI Worldwide’s Base24 to Diebold Nixdorf’s innovative Vynamic Transaction Middleware solution. This strategic collaboration underscores Bankart’s commitment to optimizing its payment processing capabilities and delivering enhanced services to its clientele.

Through this partnership, Bankart will leverage Diebold Nixdorf’s cloud-based platform to streamline various aspects of payment processing, including issuing, acquiring, transaction switching, and e-commerce services. Serving a network of 20 banks across Central and Eastern Europe (CEE), Bankart collectively processes over 600 million transactions annually, highlighting the scale and importance of this initiative.

Diebold Nixdorf’s Vynamic Transaction Middleware is designed to provide Bankart with the flexibility and scalability required to develop and deploy new products and services efficiently. Leveraging smart routing, graphical interfaces, and low-code modeling, the platform operates autonomously from Bankart’s core systems, enabling seamless integration across multiple banking channels.

Aleksander Kurtevski, Managing Director at Bankart, expresses confidence in Diebold Nixdorf’s Vynamic Transaction Middleware, emphasizing its ability to tailor payment processing solutions to meet diverse customer needs. He underscores the platform’s role in creating an open and connected digital environment where payments play a central role in everyday life.

As Bankart embarks on a multi-phased migration to implement the Vynamic Transaction Middleware platform, Kurtevski reassures customers that the transition process will be conducted with minimal disruption. This strategic initiative underscores Bankart’s commitment to innovation and excellence in payment processing services.

Source: fintechfutures.com

The post Bankart migrates payment processing to Diebold Nixdorf’s Vynamic Transaction Middleware appeared first on HIPTHER Alerts.