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Meaning of "bancassurance" in the English dictionary

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DICTIONARY
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ETYMOLOGY OF THE WORD BANCASSURANCE

From French banc bank + assurance assurance.
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Etymology is the study of the origin of words and their changes in structure and significance.
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PRONUNCIATION OF BANCASSURANCE

bancassurance  [ˈbæŋkəˌʃʊərəns] play
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GRAMMATICAL CATEGORY OF BANCASSURANCE

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Bancassurance is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES BANCASSURANCE MEAN IN ENGLISH?

Bancassurance

The bank insurance model, also sometimes known as bancassurance, is the partnership or relationship between a bank and an insurance company whereby the insurance company uses the bank sales channel in order to sell insurance products, an arrangement in which a bank and an insurance company form a partnership so that the insurance company can sell its products to the bank's client base. BIM allows the insurance company to maintain smaller direct sales teams as their products are sold through the bank to bank customers by bank staff and employees as well. Bank staff and tellers, rather than an insurance salesperson, become the point of sale and point of contact for the customer. Bank staff are advised and supported by the insurance company through product information, marketing campaigns and sales training. The bank and the insurance company share the commission. Insurance policies are processed and administered by the insurance company. This partnership arrangement can be profitable for both companies.

Definition of bancassurance in the English dictionary

The definition of bancassurance in the dictionary is the selling of insurance products by a bank to its customers.

WORDS THAT RHYME WITH BANCASSURANCE


adherence
ədˈhɪərəns
appearance
əˈpɪərəns
assurance
əˈʃʊərəns
circumference
səˈkʌmfərəns
clearance
ˈklɪərəns
coinsurance
ˌkəʊɪnˈʃʊərəns
conference
ˈkɒnfərəns
difference
ˈdɪfərəns
disappearance
ˌdɪsəˈpɪərəns
durance
ˈdjʊərəns
endurance
ɪnˈdjʊərəns
ignorance
ˈɪɡnərəns
inference
ˈɪnfərəns
insurance
ɪnˈʃʊərəns
interference
ˌɪntəˈfɪərəns
preference
ˈprɛfərəns
reassurance
ˌriːəˈʃʊərəns
reference
ˈrɛfərəns
reinsurance
ˌriːɪnˈʃʊərəns
tolerance
ˈtɒlərəns

WORDS THAT BEGIN LIKE BANCASSURANCE

banana split
Bananalander
bananas
Banaras
Banat
banausian
banausic
Banbridge
Banbury
Banbury cake
banc
bancassurer
banco
band
band leader
band list
Band of Hope
band saw
band spectrum
band theory

WORDS THAT END LIKE BANCASSURANCE

advance
car insurance
customs clearance
deliverance
entrance
Fort-de-France
fragrance
France
health insurance
industrial insurance
intolerance
liability insurance
life insurance
perseverance
put in an appearance
remembrance
severance
Torrance
trance
travel insurance
zero tolerance

Synonyms and antonyms of bancassurance in the English dictionary of synonyms

SYNONYMS

Translation of «bancassurance» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF BANCASSURANCE

Find out the translation of bancassurance to 25 languages with our English multilingual translator.
The translations of bancassurance from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «bancassurance» in English.

Translator English - Chinese

银行保险
1,325 millions of speakers

Translator English - Spanish

bancaseguros
570 millions of speakers

English

bancassurance
510 millions of speakers

Translator English - Hindi

bancassurance
380 millions of speakers
ar

Translator English - Arabic

التأمين المصرفي
280 millions of speakers

Translator English - Russian

банковское страхование
278 millions of speakers

Translator English - Portuguese

bancassurance
270 millions of speakers

Translator English - Bengali

bancassurance
260 millions of speakers

Translator English - French

bancassurance
220 millions of speakers

Translator English - Malay

Bancassurance
190 millions of speakers

Translator English - German

Bancassurance
180 millions of speakers

Translator English - Japanese

バンカシュアランス
130 millions of speakers

Translator English - Korean

방카슈랑스
85 millions of speakers

Translator English - Javanese

Bancassurance
85 millions of speakers
vi

Translator English - Vietnamese

bancassurance
80 millions of speakers

Translator English - Tamil

காப்புறுதி சேவை
75 millions of speakers

Translator English - Marathi

बँकाश्युरन्स
75 millions of speakers

Translator English - Turkish

bankasürans
70 millions of speakers

Translator English - Italian

bancassicurazione
65 millions of speakers

Translator English - Polish

bancassurance
50 millions of speakers

Translator English - Ukrainian

банківське страхування
40 millions of speakers

Translator English - Romanian

bancassurance
30 millions of speakers
el

Translator English - Greek

bancassurance
15 millions of speakers
af

Translator English - Afrikaans

bankversekeringsmodel
14 millions of speakers
sv

Translator English - Swedish

bancassurance
10 millions of speakers
no

Translator English - Norwegian

bancassurance
5 millions of speakers

Trends of use of bancassurance

TRENDS

TENDENCIES OF USE OF THE TERM «BANCASSURANCE»

The term «bancassurance» is regularly used and occupies the 88.887 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Regularly used
59
/100
The map shown above gives the frequency of use of the term «bancassurance» in the different countries.
Principal search tendencies and common uses of bancassurance
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «bancassurance».

FREQUENCY OF USE OF THE TERM «BANCASSURANCE» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «bancassurance» during the past 500 years. Its implementation is based on analysing how often the term «bancassurance» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about bancassurance

EXAMPLES

10 ENGLISH BOOKS RELATING TO «BANCASSURANCE»

Discover the use of bancassurance in the following bibliographical selection. Books relating to bancassurance and brief extracts from same to provide context of its use in English literature.
1
Bancassurance
This text provides a comprehensive analysis of the development and market characteristics of the bancassurance phenomenon.
Nadege Genetay, Philip Molyneux, 1998
2
Fundamentals Of Life Insurance: Theories And Applications
3.3 BANCASSURANCE Bancassurance symbolizes the convergence of banking and insurance. The term originated in France and involves distribution of insurance products through a bank's branch network. While bancassurance is a ...
Kaninika Mishra
3
FINANCIAL SERVICES
Bancassurance — of French origin — refers to a bank selling insurance products through its own insurance subsidiary/allied company/any other insurer. The bank taking over insurance is particularly well documented with reference to the ...
NALINI PRAVA TRIPATHY, 2007
4
Bancassurance in Europe: Past, Present and Future
This book offers a comprehensive view on bancassurancefrom its origin to future challenges and opportunities, considering the relevant changes currently interesting the financial services industry.
Franco Fiordelisi, Ornella Ricci, 2011
5
Banking Theory Law N Practice
The Insurance Regulatory and Development Authority (IRDA) guidelines for bancassurance are: • Each bank that sells insurance must have a chief insurance executive to handle all the insurance acthities. • All the people involved in selling  ...
Rajesh
6
Handbook of International Insurance: Between Global Dynamics ...
Given the above discussion of the overall structure and developments in the insurance markets in South and East Asia, there is a particular trend in the regional market that deserves particular attention, the recent rise of bancassurance. 17.2.3 ...
J. David Cummins, Bertrand Venard, 2007
7
Development Management Under Globalization
in lndia but has been very popular in European countries like France, ltaly, and Germany etc. ln the period of metamorphosis of lndian insurance sector, it is of prime importance that one analyzes the bancassurance as an intermediary and ...
‎2006
8
Money and Morals Worldwide: First Annual Report
Banking and insurance: different professions In recent years, Bancassurance has become more and more important in the French financial landscape, where it is one of the distinctive features. However, the phenomenon must not be wrongly ...
‎1995
9
Comparative Law Yearbook of International Business
Bancassurance Operators One of the most important developments in the PIRMA is the regulation of the mediation activities through the distribution networks of credit institutions. Currently, this activity is widespread in the Spanish market,8 ...
Dennis Campbell, 2009
10
India Insurance Report
Additional Life Insurance Premiums from Bancassurance Additional life insurance premiums from bancassurance refer to the difference between premiums with and without bancassurance. This represents, for examples, new business ...
Dharmendra Kumar, Rahul Singh, 2005

10 NEWS ITEMS WHICH INCLUDE THE TERM «BANCASSURANCE»

Find out what the national and international press are talking about and how the term bancassurance is used in the context of the following news items.
1
Life insurers to see 12-15% growth on annual premium equivalent …
While agents remain the key drivers for business for the individual business of LIC, the bancassurance channel is fast gaining ground as a key ... «Business Standard, Jul 15»
2
We expect 20% growth in new premiums this quarter: Arijit Basu
The potential is much more, especially from the bancassurance channel. We had 50 per cent growth in the banca channel in the second half of ... «Business Standard, Jul 15»
3
Insurance companies face steep challenges from Pradhan Mantri …
Most banks offer the insurance product through their branches in a tie-up with group promoted firms or bancassurance partners. Corporate ... «Economic Times, Jul 15»
4
A multi-fold effort is needed to avoid policy lapsation
Irdai has changed the draft guidelines on bancassurance to allow banks to choose between tied agency model and open architecture. The first ... «Livemint, Jul 15»
5
SBI Life targets 30% growth through bancassurance, retail
According to Arijit Basu, Managing Director and CEO, SBI Life, the growth will come through the 'bancassurance' (selling of insurance products ... «Hindu Business Line, Jul 15»
6
Reliance Life's profit dips 62 per cent on higher allocation to reserves
Reliance Life, which drives business through agents, also wishes to explore the bancassurance model and waiting for regulators to allow ... «Economic Times, Jul 15»
7
Moody's affirms Fukoku Life's A2 ratings; outlook stable
As these products are sold through banks, this self-restriction could also have a negative impact on its bancassurance sales channel. «Moodys.com, Jul 15»
8
We'll reach break-even by 2017-18: G C Rangan
Bancassurance is a key part of our FY16 plan, as it would enable access to a wider customer base and improve our channel mix. We believe ... «Business Standard, Jul 15»
9
Moody's upgrades Credit Mutuel Arkea's long-term deposit rating to …
The BCA reflects CMA's (1) high solvency; (2) good asset quality underpinned by its retail bancassurance-focused business and resilient ... «Moodys.com, Jun 15»
10
We will break-even in financial year 2017-18: G C Rangan
On the channel front, Bancassurance is a channel we are keen to build. We plan to leverage our industry relationships to build this channel. «Business Standard, Jun 15»

REFERENCE
« EDUCALINGO. Bancassurance [online]. Available <https://educalingo.com/en/dic-en/bancassurance>. Apr 2024 ».
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