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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.
A decade after Indonesia's government launched its comprehensive public health insurance programme, the Jaminan Kesehatan Nasional (JKN), the scheme has reached 90% of the population by end-2022. The progressive rollout of this programme has allowed ...
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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 2019, ...
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Digital transformation and the popularity of remote working have supported the development of the telecommunication industry and the introduction of new technology, such as 5G, in Poland. Moreover, the Polish government aims to support digitalisation ...
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In 2022, the Brazilian mining sector experienced modest growth of 0.2% y/y, achieving an output of 925.4mn tonnes, according to the National Mining Agency (ANM). Production was divided into 50.5% non-metallic minerals and 49% metallic minerals. While ...
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Latin America is home to some of the world's leading producers of base metals, mainly thanks to its vast reserves of metallic minerals, including iron ore, copper, zinc, lithium and others. According to data from the United States Geological Survey ...
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Energy poverty in Africa remains widespread and according to the African Development Bank (AfDB) over 640mn of the continent's population lack access to energy. This corresponds to an electrification rate of just over 40%, amongst the lowest in the ...
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Poland is a significant producer of wheat, sugar beet, apples, potatoes, poultry meat and beef within the European Union (EU). The country achieved a new record high in terms of poultry meat production (of 2.7mn tonnes) in 2022, following a rise of 7 ...
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Poland is a major producer and exporter of agricultural products in the EU. The agribusiness industry accounted for 2.8% of the country's GDP in 2022. Sectoral exports registered an annual expansion of 19.9% in 2022, to a new record high of USD 23 ...
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