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.
Poland is one of the major producers of agricultural commodities in the EU. The country was the leading producer of apples and poultry meat, ranking second in terms of potatoes, third in cereals and fourth in pork. The sector has significant ...
View more details
There have been tremendous changes in the Indian insurance sector since the market began to be liberalised in 1999 when the Insurance Regulatory and Development Authority of India (“IRDAI”) was formed and allowed private participation in ...
View more details
The Philippines is primarily an agrarian country, with about 23% of its population engaged in farming. In 2018, the agriculture sector alone contributed 8% to national GDP – 9.3% if we include forestry and fishing – according to data from ...
View more details
The revenue of China’s mobile communications equipment sector rose by 9.6% y/y in 2018, boosted by increased sales of mobile communication station equipment, according to MIIT. The gross value added of communications equipment manufacturing in ...
View more details
The manufacturing industry in the Philippines is the top contributor to the country’s economic growth, and the food and beverage (F&B) sector is among the largest contributors within the manufacturing industry. The F&B sector accounted ...
View more details
Colombia is Latin America’s fourth-largest economy, after Brazil, Mexico and Argentina, but, unlike its peers in the region, the country has experienced steady growth over the past five years, thanks to stable and conservative economic policies ...
View more details
Brazil is a leading player in the global wood and paper industry, ranking among the top ten largest producers of pulp, paper products and wood panels, as well as being the biggest exporter of pulp, according to estimates published in January 2019 by ...
View more details
Brazil’s insurance sector continued to grow in 2018, albeit at a slower pace, against an accelerating economy and record-low interest rates. During the year, total insurance premium income rose by 3.7% y/y to BRL 444.9bn, propelled by an uptick ...
View more details
As the world’s most populous country with a fast-expanding economy, China has great demand for and strong capacity to produce energy. The country was the world’s third biggest consumer and sixth biggest producer of natural gas in 2017. As ...
View more details
Transportation infrastructure and services are enablers of economic growth that Thailand has worked hard to enhance since a military-backed government came to power in the wake of a coup in 2014. Transportation and storage GVA accounted to 5.8% of ...
View more details