Neo Banking Market to Experience Huge Growth by 2026 | Digibank, NiYO, State Bank of India

The Global Neo Banking Market Report assesses relevant developments for the insurance sector and identifies the main risks and vulnerabilities of the Neo Banking sector in order to raise awareness among stakeholders of current and future scenarios. To obtain a complete assessment and market estimates, a large list of insurers, aggregators and agencies have been factored into the coverage; Some of the best players featured are State Bank of India (YONO), Open, Digibank, NiYO, InstantPay, and Kotak Mahindra Bank.

The next step to increase topline? Follow recent strategic moves and the product landscape of the Neo Banking market.

Get Free Access to Neo Banking Global Market Research Sample PDF -types-applications-countries -market-size-forecast-until 2026

Globally, the insurance industry experienced strong premium growth in 2019, as a percentage, while growth in 2020 is significantly slower, as a percentage. Total premiums (GWP) are expected to reach… by 2026. Neo Banking Companies looking for growth opportunities in global insurance markets can explore both the fastest growing markets and larger developed markets; slower growth rates suggest; however, most carriers should look further as well. “Growth during this period will be fueled by the emerging markets of APAC and Latin America regions”

The report describes the total market for the Neo Banking industry; another market is broken down by application [SME, Private & Others], type [, Neo-banks & Challenger Banks] and country.

Geographically, the global version of the report covers the following regions and countries:
• North America [United States, Canada and Mexico]• Europe [Germany, the UK, France, Italy, Netherlands, Belgium, Russia, Spain, Sweden, and Rest of Europe]• Asia Pacific [China, Japan, South Korea, India, Australia, Southeast Asia and Others]• South America [Brazil, Argentina, Chile and Rest of South America]• Middle East and Africa (South Africa, Turkey, Israel, GCC countries and rest of Africa)

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Research approach and hypotheses:

– HTF MI describes key trends in the global Neo Banking market using final data for 2019 and previous years as well as quarterly or annual reports for 2020. In general, the years considered in the study, that is, – say base year as 2020, historical data considered as 2016-2020 and forecast period is 2021-2026.

– Various analytical tools have been used to assess how the insurance sector and in particular the neo-banking sector might react over the next decade to global macroeconomic changes. Our “consensus scenario” assumes a pick-up in global GDP growth in the coming years in addition to fluctuating interest rates; the results presented in the Neo Banking Market report reflect the results of this model.

– When calculating the growth of the Neo Banking market, we have generally used nominal gross premium figures based on fixed 2020 exchange rates, as this data allowed us to compare local growth rates without the interference of currency fluctuations. The exceptions, which use floating exchange rates, are Argentina, Ukraine and Venezuela, many African countries, etc. due to high inflation rates.

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Thank you for reading the Neo Banking Industry research publication; you can also get section by chapter or report version by region like US, China, Southeast Asia, LATAM, APAC, etc.

About the Author:
HTF Market Intelligence consulting is uniquely positioned to empower and inspire research and advisory services to empower companies with growth strategies, delivering services with extraordinary depth and breadth of thought leadership, research, tools, events and experiences that aid in decision making.

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