Emerging markets, including Asia-Pacific, Latin America, Turkey and Poland, present opportunities for substantial growth in the bancassurance sector, according to “‘2020 Foresight: Bancassurance,” a report from Timetric. As a result, commissions earned through sales of retail insurance products to commercial-bank customers could grow at a compound annual growth rate of 5.29 percent globally between 2013 and 2017.
Growth would not be distributed evenly across regions, however, and emerging markets would likely be responsible for the majority of growth.
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