Non-Life Bancassurance in Europe: Accident and Health Insurance

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Non-Life Bancassurance in Europe: Accident and Health Insurance offers updated and expanded insights into the distribution by banks and other lending institutions of accident insurance, medical expenses insurance and health / hospital cash plans in 20 European countries: Austria, Belgium, the Czech Republic, Denmark, Finland, France, Germany, Ireland, Italy, the Netherlands, Norway, Poland, Portugal, Romania, Russia, Spain, Sweden, Switzerland, Turkey, and the UK.

Drawing on the results of a survey of nearly 1,200 banking entities, the study reveals that 38.4% offer at least one of these three types of cover, giving around 790 initiatives for accident and health insurance in total. Hence, given that the aggregate market for accident and health insurance across the 20 countries is worth around EUR 167.5 billion, it is clear that banks and other lending institutions can intermediate a significant volume of business across these two sectors.

In addition to identifying bancassurance schemes for the distribution of accident insurance, medical expenses insurance and health / hospital cash plans, the research also classifies and analyses these according to the operating model used, distinguishing, for example, between captive, joint venture and external underwriters. Furthermore, it also calculates the weighted share of partnerships of the underwriters and other providers involved, thereby illustrating not only which competitors hold which partnerships but also which competitors hold the most significant distribution deals.

Key findings from the executive summary include:

- the value of the combined market for accident and health insurance across the 20 European countries investigated is around EUR 167.5 billion, consisting of EUR 23.4 billion attributable to accident cover and EUR 144.2 billion related to health insurance;

- in terms of gross written premiums, France, Germany and the Netherlands have the largest markets for accident and health insurance, and between them these countries account for two thirds of total premiums in this area across Europe;

- 38.4% of the 1,199 European banking entities surveyed have an arrangement in place for selling at least one of the three products covered by the research, albeit provision rates for accident insurance and medical expenses cover are generally far higher than those for health / hospital cash plans;

- a weighted analysis of the share of bancassurance partnerships held by ultimate holding companies (i.e. groups) for accident and health policies indicates that Munich Re is the leading group by this measure, followed by Allianz, ACE, Crédit Mutuel and Talanx.

For further information about this research, please access the table of contents and report prospectus by clicking on the links at the top of this page, or e-mail .