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Outlook on the Bancassurance Global Market to 2026 - Impact Analysis of COVID-19


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The global bancassurance market reached a value of US$ 1191 Billion in 2020. Bancassurance refers to an arrangement between a bank and an insurance firm, wherein the bank can earn additional revenue by selling the products of the insurance company. It also helps to expand the financial product portfolio of banks, thereby increasing their turnover with little or no capital outlay which further gives a high return on equity. Since banks have become the main distribution channels for insurance products, bancassurance also benefits the insurance firms as it increases their market reach and expands their consumer base. As this arrangement can be profitable for both companies, it is gaining popularity across the globe. Looking forward, the publisher expects the global bancassurance market to reach a value of US$ 1696 Billion by 2026, exhibiting a CAGR of 5.98% during 2021-2026. ....

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PolicyX.com Launches India's First Insurance Price Indices


PolicyX.com Launches India s First Insurance Price Indices
ANI |
Updated: Jan 07, 2021 15:16 IST
New Delhi [India], January 7 (ANI/BusinessWire India): PolicyX.com- One of India s leading online insurance web aggregators has launched India s first and foremost insurance price Index. The price index will allow users to have a transparent & better view of insurance prices by observing the shifts & trends in the premium price. PolicyX.com claims to achieve this by using the concepts of indexing & basic statistics.
The index will track prices of health insurance and term insurance from leading insurance companies in India and provide analysis and trends through data analytics. ....

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