Publication:
Bancassurance : A Valuable Tool for Developing Insurance in Emerging Markets

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dc.contributor.authorGonulal, Serap O.
dc.contributor.authorGoulder, Nick
dc.contributor.authorLester, Rodney
dc.date.accessioned2013-01-02T20:15:38Z
dc.date.available2013-01-02T20:15:38Z
dc.date.issued2012-09
dc.description.abstractBancassurance is the process of using a bank's customer relationships to sell life and non-life insurance products. In some developed countries it has had a dramatic impact on developing sales volumes, attaining market shares in excess of 50 percent in life and more than 10 percent in non-life. By contrast, in other developed countries it has had much lower impact. Its strategic benefits to developing countries are wide ranging. This paper discusses the potential of Bancassurance to contribute to the growth and the stability that both life and non-life insurance products can bring to developing countries. The details of how some approaches work better than others, and how regulation and consumer protection issues can impact such development, are reviewed here, together with a discussion of regulatory policy issues and recommendations for best practice. The paper provides a detailed study of the operation of Bancassurance in a major developed market (France). This is contrasted with a further study in a developing market (Mexico). A short summary draws together the key implications for developing countries.en
dc.identifierhttp://documents.worldbank.org/curated/en/2012/09/16725272/bancassurance-valuable-tool-developing-insurance-emerging-markets
dc.identifier.doi10.1596/1813-9450-6196
dc.identifier.urihttps://hdl.handle.net/10986/12037
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper; No. 6196
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectACCESS TO INSURANCE
dc.subjectACCOUNTING
dc.subjectACQUISITION COST
dc.subjectAPPLICATIONS
dc.subjectARBITRAGE
dc.subjectARBITRATION
dc.subjectBALANCE SHEET
dc.subjectBANK BRANCH
dc.subjectBANK BRANCHES
dc.subjectBANK CUSTOMER
dc.subjectBANK CUSTOMERS
dc.subjectBANK DEPOSITS
dc.subjectBANK INTERMEDIATION
dc.subjectBANK LOAN
dc.subjectBANK SUPERVISOR
dc.subjectBANKING INSTITUTION
dc.subjectBANKING LAW
dc.subjectBANKING SECTOR
dc.subjectBANKING SYSTEM
dc.subjectBANKS
dc.subjectBORROWER
dc.subjectBRANCH NETWORK
dc.subjectBROKER
dc.subjectBROKERS
dc.subjectBUSINESS DEVELOPMENT
dc.subjectCATASTROPHE LOSS
dc.subjectCATASTROPHE REINSURANCE
dc.subjectCATASTROPHES
dc.subjectCHECKS
dc.subjectCLIENT BASES
dc.subjectCODE OF CONDUCT
dc.subjectCOLLATERAL
dc.subjectCOMMERCIAL INSURANCE
dc.subjectCOMMERCIAL LOAN
dc.subjectCOMMISSIONS
dc.subjectCOMMODITY
dc.subjectCOMPENSATION
dc.subjectCONSUMER CHOICE
dc.subjectCONSUMER CREDIT
dc.subjectCONSUMER PROTECTION
dc.subjectCONSUMERS
dc.subjectCOST STRUCTURES
dc.subjectCREDIBILITY
dc.subjectCREDIT CARD
dc.subjectCREDIT INSURANCE
dc.subjectCREDIT RATING AGENCY
dc.subjectCREDIT RISK
dc.subjectCREDITWORTHINESS
dc.subjectCUSTOMER BASE
dc.subjectCUSTOMER BASES
dc.subjectDEBT
dc.subjectDEPOSIT
dc.subjectDEPOSITS
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING MARKET
dc.subjectDEVELOPMENT PATH
dc.subjectDEVELOPMENT PATHS
dc.subjectDISPUTE RESOLUTION
dc.subjectECONOMIC TRANSACTION
dc.subjectEMERGING MARKETS
dc.subjectEMPLOYMENT
dc.subjectEQUITY MARKETS
dc.subjectEXPENSE RATIOS
dc.subjectEXPOSURE
dc.subjectEXTERNAL CREDIT RATING
dc.subjectFACE VALUE
dc.subjectFINANCIAL ADVISER
dc.subjectFINANCIAL ADVISORS
dc.subjectFINANCIAL CONGLOMERATES
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL PLANNING
dc.subjectFINANCIAL PRODUCTS
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SYSTEM
dc.subjectFINANCIAL TRANSACTION
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN INSURER
dc.subjectFULL DISCLOSURE
dc.subjectGENERAL INSURANCE
dc.subjectGOVERNMENT BANKS
dc.subjectGROUP LIFE INSURANCE
dc.subjectHEALTH INSURANCE
dc.subjectHOLDING
dc.subjectHOLDING COMPANY
dc.subjectHOLDINGS
dc.subjectHOME LOAN
dc.subjectHOUSING
dc.subjectINCOME
dc.subjectINCOME LEVEL
dc.subjectINCOME LEVELS
dc.subjectINCOME STREAM
dc.subjectINCOMES
dc.subjectINDIVIDUAL MARKETS
dc.subjectINFLATION
dc.subjectINFLATION RATES
dc.subjectINFORMATION SYSTEMS
dc.subjectINSTITUTIONAL INVESTMENT
dc.subjectINSTITUTIONAL INVESTORS
dc.subjectINSURANCE
dc.subjectINSURANCE ACTIVITIES
dc.subjectINSURANCE AGENTS
dc.subjectINSURANCE COMPANIES
dc.subjectINSURANCE COMPANY
dc.subjectINSURANCE COVERAGE
dc.subjectINSURANCE GROWTH
dc.subjectINSURANCE INDUSTRY
dc.subjectINSURANCE LAW
dc.subjectINSURANCE MARKET
dc.subjectINSURANCE MARKETS
dc.subjectINSURANCE PLANS
dc.subjectINSURANCE POLICY
dc.subjectINSURANCE PREMIUM
dc.subjectINSURANCE PREMIUMS
dc.subjectINSURANCE PRODUCT
dc.subjectINSURANCE REPRESENTATIVES
dc.subjectINSURANCE RISK
dc.subjectINSURERS
dc.subjectINTEREST PAYMENTS
dc.subjectINTERNATIONAL BANK
dc.subjectINVESTMENT CONTRACTS
dc.subjectINVESTMENT PRODUCTS
dc.subjectINVESTMENT VEHICLE
dc.subjectISSUANCE
dc.subjectJOINT VENTURE
dc.subjectJURISDICTIONS
dc.subjectLAWS
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGAL RIGHTS
dc.subjectLENDER
dc.subjectLENDERS
dc.subjectLESS DEVELOPED MARKETS
dc.subjectLIABILITY
dc.subjectLIABILITY INSURANCE
dc.subjectLIBERALIZATION
dc.subjectLIFE INSURANCE
dc.subjectLIFE INSURANCE PREMIUMS
dc.subjectLIFE INSURANCE PRODUCTS
dc.subjectLIFE INSURERS
dc.subjectLOAN
dc.subjectLOAN AGREEMENT
dc.subjectLOAN MARKETS
dc.subjectLOAN PORTFOLIO
dc.subjectLOAN PORTFOLIOS
dc.subjectLOAN PRODUCTS
dc.subjectLOAN REPAYMENT
dc.subjectLOAN REPAYMENTS
dc.subjectMARGINAL COSTS
dc.subjectMARINE INSURANCE
dc.subjectMARKET DEVELOPMENT
dc.subjectMARKET LEADERS
dc.subjectMARKET PRICE
dc.subjectMARKET PRICING
dc.subjectMARKET SHARE
dc.subjectMARKET SHARES
dc.subjectMATURITY
dc.subjectMICROFINANCE
dc.subjectMICROINSURANCE
dc.subjectMORTGAGE
dc.subjectMORTGAGE DEBT
dc.subjectMORTGAGE LENDING
dc.subjectMORTGAGE LOAN
dc.subjectMORTGAGES
dc.subjectMOTOR INSURANCE
dc.subjectNATURAL DISASTERS
dc.subjectNEW MARKETS
dc.subjectNON-LIFE INSURANCE
dc.subjectOPEN MARKET
dc.subjectPEER PRESSURE
dc.subjectPENSION
dc.subjectPENSION PRODUCTS
dc.subjectPENSION PROVISION
dc.subjectPENSIONS
dc.subjectPERSONAL LOAN
dc.subjectPERSONAL LOANS
dc.subjectPERSONAL SAVINGS
dc.subjectPOINT OF SALE
dc.subjectPOLICYHOLDERS
dc.subjectPOLLUTION
dc.subjectPREMIUM REVENUES
dc.subjectPRESENT VALUE
dc.subjectPRIVACY
dc.subjectPRIVATE CREDIT
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectPROFESSIONAL LIABILITY
dc.subjectPROFITABILITY
dc.subjectPROGRAMS
dc.subjectPROPERTY INSURANCE
dc.subjectPROPERTY INSURERS
dc.subjectPROPERTY MARKET
dc.subjectPROTECTION INSURANCE
dc.subjectPROTECTION INSURANCES
dc.subjectPUBLIC PENSION
dc.subjectRAPID GROWTH
dc.subjectREDEMPTION
dc.subjectREGULATOR
dc.subjectREGULATORS
dc.subjectREGULATORY CONSTRAINTS
dc.subjectREGULATORY ENVIRONMENT
dc.subjectREGULATORY FRAMEWORK
dc.subjectREGULATORY REACTIONS
dc.subjectREINSURANCE
dc.subjectREINSURERS
dc.subjectREPAYMENT
dc.subjectREPAYMENT SCHEDULE
dc.subjectRESERVES
dc.subjectRETIREMENT
dc.subjectRETIREMENT SAVINGS
dc.subjectRETURN
dc.subjectRETURN ON INVESTMENT
dc.subjectRETURNS
dc.subjectRISK MANAGEMENT
dc.subjectRISK OF DEFAULT
dc.subjectRISK TRANSFER
dc.subjectSALE OF PROPERTY
dc.subjectSAVINGS
dc.subjectSAVINGS CONTRACTS
dc.subjectSETTLEMENT
dc.subjectSUBSIDIARIES
dc.subjectSUBSIDIARY
dc.subjectSUPERVISORY REGIME
dc.subjectSYSTEMIC RISK
dc.subjectSYSTEMIC RISKS
dc.subjectTAX
dc.subjectTAX REGIME
dc.subjectTAXATION
dc.subjectTORT
dc.subjectTRACK RECORD
dc.subjectTRADE CREDIT
dc.subjectTRANSACTION
dc.subjectTRANSPARENCY
dc.subjectTRANSPORT
dc.subjectTRAVEL INSURANCE
dc.subjectUNEMPLOYMENT INSURANCE
dc.subjectUNSECURED DEBT
dc.subjectUNSECURED LOAN
dc.subjectVARIABLE ANNUITIES
dc.subjectVOLATILITY
dc.titleBancassurance : A Valuable Tool for Developing Insurance in Emerging Marketsen
dspace.entity.typePublication
okr.crossref.titleBancassurance-A Valuable Tool for Developing Insurance in Emerging Markets
okr.date.disclosure2012-09-01
okr.date.doiregistration2025-04-10T09:16:11.293217Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2012/09/16725272/bancassurance-valuable-tool-developing-insurance-emerging-markets
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.globalpracticeTrade and Competitiveness
okr.guid725931468056443105
okr.identifier.doi10.1596/1813-9450-6196
okr.identifier.externaldocumentum000158349_20120912083345
okr.identifier.internaldocumentum16725272
okr.identifier.reportWPS6196
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/09/12/000158349_20120912083345/Rendered/PDF/wps6196.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.administrativeLatin America & Caribbean
okr.topicLaw and Development::Insurance Law
okr.topicInsurance and Risk Mitigation
okr.topicBanks & Banking Reform
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicPrivate Sector Development::Emerging Markets
okr.unitDevelopment Research Group (DECRG)
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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