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's healthcare and pharmaceutical industry is making significant strides, despite facing substantial challenges. The ongoing war in Ukraine, which followed the COVID-19 pandemic, has placed considerable pressure on the Polish healthcare system. ...
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The food and beverage industry is a key sector for the Thai economy, generating almost 6% of the country's annual GDP. The sector is still recovering from the negative effects of the COVID-19 pandemic, with its gross value added (GVA) in 2023 still ...
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Poland relies on coal for 70% of its energy needs, the highest proportion among EU member states. However, in recent years, the country has shifted towards a greener agenda, aiming to reduce fossil fuel use and increase the adoption of renewable ...
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The Polish wood, paper and furniture industry experienced impressive growth between 2017 and 2022, but it faces challenges in 2023. Limited access to sustainable timber, rising production costs and reduced demand for furniture triggered by a ...
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Singapore is a perennial global leader in quality of infrastructure and a top destination for infrastructure investment. The development of Singapore's infrastructure sector is the result of extensive government-led investments and strategic planning ...
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The Thai insurance industry is highly fragmented, with approximately 80 licenced insurers conducting business there. Nevertheless, Thailand's insurance density remains extremely low, at approximately USD 369 per capita in 2022, substantially lower ...
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The Polish banking sector, while still relatively small compared to the overall economy, remains stable and dynamically developing, and is the leader in Central and Eastern Europe (CEE) in terms of asset size. At the end of 2023, the banking sector's ...
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Information and communication has been one of the best-performing sectors of the Indonesian economy in recent years, with its real gross value added (GVA) expanding at a CAGR of 8.4% in the 2018-2023 period, driven by the digital transformation in ...
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In recent years, China has been opening its financial services market to global investors and gradually easing access restrictions on foreign financial institutions. Insurance is at the forefront of the country's financial market opening. Since ...
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In 2023, China's total retail sales rose by 7.2% y/y to RMB 47,150bn, mainly boosted by the country's relaxation of pandemic-related restrictions since end-2022 and the effective consumption stimulating policies during 2023. Due to the crucial role ...
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