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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.
By the end of 2015 there were 159 insurance institutions operating in the People’s Republic of China, of which less than 34% were foreign-funded or joint ventures. In the traditional insurance subsectors like life insurance and property ...
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The Polish telecommunications sector is responsible for around 2.2% of the country's GDP, while the entire ICT sector accounts for 4.9% of GDP and employs around 206,000. The Polish telecom market is a mature one with high penetration in ...
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After experiencing a shock during the 2001-2002 economic crisis, Argentina’s banking sector has been expanding since 2010, with loans and deposits rising at respective CAGRs of 11.1% and 8.4% in real terms over 2010-2015, outperforming the ...
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China is the world's most populous country and the largest producer of grain, fruits and vegetables, which makes it also the world’s largest producer and consumer of fertilisers, required to satisfy its demand for crops and other agricultural ...
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The value added of Colombia’s food and beverage sector expanded at a CAGR of 2.5% over the period 2010-2015, supported mainly by rising household income and the expanding product portfolio of local producers. The sector was among the major ...
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Brazil’s insurance sector expanded at a CAGR of 16.1% in terms of premium income between 2011 and 2014, outperforming the overall GDP growth during the period (CAGR of 1.7%), supported by growing household incomes, strong labour market and ...
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The Thai retail sector is highly dynamic. Over the past years, modern retailing has almost supplanted traditional retail as the preferred way for Thai consumers to purchase their goods. The convenience store retail format is particularly popular in ...
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The Philippine automotive industry and market have been growing steadily over the past five years. Sales in 2015 were by 144.8% higher than they had been in 2007, the year when they first recovered from the slump brought about by the 1997 Asian ...
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The Hungarian electric power market is middle-sized compared to other European markets. The electric power sector is mature, meaning that all major power stations and the transmission network have been built and that electricity supply is stable. ...
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Peru is a key global player in the production of metallic minerals. In 2015, the country was the world’s second-largest silver mine producer, with a share of 14.9% of global output, the third-biggest zinc and copper producer (shares of 10.6% ...
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