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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.
The infrastructure sector is among the brightest in the Polish economy. The government considers the sector to be of significant importance to driving the country's economic progress, enhancing living standards and ensuring a sustainable future. EU ...
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The COVID-19 pandemic boosted the adoption of digital financial services, a shift that was particularly remarkable in Latin America. According to the Global Findex Database published by the World Bank, in 2017, Latin America lagged behind the global ...
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The Philippines has one of the least developed insurance markets in the ASEAN region. Insurance penetration is considerably lower than in larger ASEAN nations, such as Thailand and Indonesia. Approximately 98% of the population of the Philippines ...
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The EU's energy sector witnessed one of its most challenging years in 2022, which eventually led to unprecedented transformations in oil and gas supply and consumption. Russia's invasion of Ukraine in February 2022 had a profound effect on global ...
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In Q1 2023, total insurance premium incomes in Brazil saw an increase of 11.2% y/y to BRL 157.6bn. This rise was explained by the recovery of the economy, as GDP rose by 4% y/y in the quarter. Life insurance premium income went up by 6.7% y/y to BRL ...
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In December 2022, the Brazilian Chamber of Construction Industry (CBIC) had forecast a growth of 2.5% y/y for construction in 2023, above the national economy growth rate for the third consecutive year. However, in April 2023, the CBIC lowered the ...
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As the country has developed over the past decade, the real estate and construction industries have continued to expand. The Bangkok Metropolitan Region (BMR) and the Eastern Economic Corridor (EEC) are the principal hubs for real estate activities. ...
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