Bancassurance market to surge 8.4% in CAGR by 2028

Market dynamics are seen to impact the stakeholders' behaviours and pricing decisions in the sector.

The global bancassurance market is estimated to have reached $1.1b in 2023 and is projected to grow to $1.6b by 2028, with a compound annual growth rate (CAGR) of 8.35%.

Market dynamics, influenced by macro-economic and micro-economic factors, are seen to impact the stakeholders' behaviours and pricing decisions in the global bancassurance market, according to ResearchAndMarkets.com’s Global Bancassurance Market Report 2023-2024 and 2028.

ALSO READ: Regulatory shake-up threatens Vietnam’s bancassurance sales

Beyond traditional factors like price, demand, and supply, human emotions can also play a significant role in shaping market trends and pricing signals.

To navigate these dynamics, decision-makers utilise various financial tools to devise strategies aimed at accelerating growth and mitigating risks.

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