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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.
Thailand's finance and insurance sector contributed a record 9.17% to the country's gross domestic product (GDP) in 2023. Moreover, the sector's gross value added (GVA) increased by 3.1% in 2023, a turnaround from the 2.3% decline reported in 2022, ...
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Insurers have been operating in the Malaysian market for more than a century. Malaysia's conventional insurance companies are complemented by a takaful industry that is recognised globally. This industry offers a Shariah-compliant alternative to the ...
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Poland's limited oil and gas reserves necessitate a heavy reliance on imports to meet the growing demand for fuel. In 2022, only about 3% of its crude oil demand for refineries was met through domestic production, while natural gas production covered ...
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Poland's chemicals and rubber & plastics sector presents a complex picture. While some products saw growth in 2023, such as polyester paints (28.5% y/y growth) and compressors (up 65.5% y/y), others like toluene (-95% y/y) and tyres (-13.5% y/y) ...
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Thailand is one of the world's top tourist destinations, and the tourism sector is crucial for the country's economic and social development. Tourism accounts for approximately 20% of Thailand's GDP and 21% of the total workforce. Tourism contributes ...
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The Brazilian fintech sector features a variety of players and services. Despite the large number of companies operating through online platforms and providing innovative financial services in Brazil, only 226 of these firms were being monitored by ...
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Indonesia is the largest market for both two-wheel and four-wheel vehicles within the ASEAN region, and it is the region's second-largest motor vehicle manufacturer. The automotive industry plays a crucial role in driving Indonesia's economic ...
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Brazil's infrastructure sector has a diverse landscape. While some transport infrastructure sub-sectors, such as road infrastructure, are still dominated by the federal and state governments, others such as the railways have a large participation ...
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Brazil is one of the most important players in the global biofuels industry, in terms of consumption, production and competitive advantages. Leveraging the country's massive agricultural production, which includes two leading inputs for biofuels ...
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The agribusiness industry is a key sector in Colombia, accounting for 8.7% of GDP and 13.6% of total employment in 2023, as well as 14.5% of the country's total exports in January-September 2023. Colombia is among the world's leading producers and ...
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