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Description of Bancassurance

Banking markets have experienced a general trend towards conglomeration in recent years which has been facilitated by the deregulation of banks' activities. A particular feature of financial conglomeration has been the diversification of banks into insurance activities, and especially life insurance. This book provides a comprehensive analysis of the concept and market characteristics of the bancassurance phenomenon. It also evaluates the impact on banking risks associated with diversification into the insurance business.

Title Information

ISBN:

9780333732984

Pages:

288 pages

Format:

Hardback

Product Code:

10860

Publisher:

Palgrave MacMillan

Published:

19/10/1998

Edition:

1st Edition

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About Nadege Genetay and Philip Molyneux

Dr NADEGE GENETAY is currently Lecturer in Accounting and Finance in the School of Management at the University of Manchester Institute of Science and Technology (UMIST). Her main research interests focus on recent developments in the financial services industry, in particular, the phenomena of bancassurance and financial conglomeration. PHILIP MOLYNEUX is currently Professor in Banking and Finance and Director of the Institute of European Finance (IEF) at the University of Wales, Bangor. His main area of research relates to the structure, efficiency and performance of banking markets and financial centres. He has written widely in the area including publications in: the Journal of Banking and Finance, Journal of Money, Credit and Banking, Economica, Applied Economics, Journal of Post Keynesian Economics and the Journal of Economics and Business. He as acted as a consultant to the New York Federal Reserve Bank and is currently a member of the UK's National Institute's Advisory Panel on the European Financial Markets Programme.

Contents of Bancassurance

Introduction

Evolution of the Bancassurance Concept

Bancassurance and the United Kingdom

Bancassurance in Europe

The Theory of Corporate Diversification

Review of the Empirical Studies on Bank

Diversification and Risk

The Risk Effects on Bank Diversification into Bancassurance

Regulatory Issues

Conclusion