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Banking and insurance
The Banking & Insurance sector – often referred to as the lifeblood of the real economy – is of vital importance in the modern credit-driven economic growth model. Among its functions are intermediation between savers and borrowers, ensuring funds are allocated efficiently; support of payment and settlement systems that facilitate trade and international economic relations; and provision of various products that mitigate risk and uncertainty. The accelerating pace of technological change, stricter regulation and shifting consumer habits are reshaping the traditional banking model and pushing the sector towards innovation-led growth.
Activities associated with Banking & Insurance are depositary and non-depositary credit intermediation and related activities, investment banking, securities brokerage, commodity contracts dealing and diverse financial investment activities. The sector also includes insurers, re-insurers and insurance brokerages, pension funds, health and welfare funds, monetary authorities, stock exchanges, and collection and credit agencies.
China’s beverage sector reported significant revenue growth in the third quarter of 2019, driven by increased sales of soft drinks. The sales of soft drinks in July-September 2019 surged by 27.2% y/y to 54.4mn tonnes. Likewise, the production ...
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Thailand's Agriculture, Forestry & Fishing sector accounted for 8.1% of national GDP and for 33% of Thailand’s total employment in 2018. Agriculture land claimed 47% of total land in 2018, and paddy fields accounted for half of the ...
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In recent years, the IT sector has emerged as one of the driving forces of the Polish economy and the main harbinger of state-of-the-art technologies. On the back of robust domestic demand and high levels of foreign investment in the local production ...
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Malaysia has one of the most developed pharmaceuticals and healthcare sectors in the ASEAN region. The country operates a dual public-private healthcare system in which the government, under the Ministry of Health (“MoH”), both regulates ...
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In 2018, Latin America consolidated its position as one of the largest and fastest-growing manufacturing and export hubs for motor vehicles. Amidst the sharp downturn of both production and sales of motor vehicles in Europe, Asia and Oceania, Latin ...
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The automotive industry is the backbone of Indian heavy industry, with linkages to the steel, aluminium, rubber, plastic, and glass manufacturing industries, amongst others. Sectors such as logistics, banking and insurance, repair services, and fuel ...
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In the third quarter of 2019, China’s pharmaceutical production volume declined by 47% y/y to 304,000 tonnes, while the sales of pharmaceuticals dropped by 44.2% y/y to 322,700 tonnes. The centralised drug procurement scheme which had been ...
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The discovery and development of abundant pre-salt hydrocarbon resources has transformed Brazil into one of the global leaders in both proven reserves and production of crude oil. The focus on deepand ultradeep-water exploration has also been a major ...
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The automotive sector is the second largest manufacturing industry in Poland in terms of gross output, after only food and beverage manufacturing. The sector also has a major socio-economic role, employing around 203,000 people in 2018 (8% of the ...
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In 2018, Thailand was the largest producer of four-wheel vehicles in the ASEAN region and the 12th largest vehicle producer and market in the world. The country’s four-wheel vehicle market was the second-largest in ASEAN in that year. The ...
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