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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.
During the first nine months of 2022, Vietnam attracted approximately USD 15.4bn in foreign investment, an increase of 16.2% compared to the same period in 2021. The country's real estate sector continued to receive over USD 3.5bn in foreign direct ...
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Thailand's financial services industry, which includes insurance activities, accounted for 8.28% of the nation's GDP in 2022, marginally lower than its share of 8.32% in 2021. The sector employed 514,320 people in 2022 (3.4% more than the previous ...
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In recent years, Indonesia's construction sector has been mainly supported by the government's ambitious agenda for infrastructure development as the country seeks to improve and expand its connectivity network to reduce the development gap between ...
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China's construction sector has seen tremendous growth over the past years and showed great potential, despite the recent market hardships brought on by the slowdown of macroeconomic growth. The construction industry is of crucial importance for the ...
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The tourism sector holds immense significance in the Indian economy, contributing to its growth and development. It is a multi-faceted industry that encompasses a wide range of activities, including hospitality, transportation, travel agencies, and ...
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At the United Nations Climate Change Conference (COP26) in November 2021, Thailand announced its goal to achieve carbon neutrality by 2050. The Power Development Plan 2018, Revision 1 (PDP2018, Revision 1), which was updated in October 2020, outlined ...
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Often labelled as the breadbasket of the world, Latin America is a leading player in the global agribusiness industry. From cereals to poultry meat, and from fishing to fruits, Latin America hosts important producers in the entire agriculture value ...
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Having weathered the initial impact of the COVID-19 pandemic, the automotive industry in Emerging Europe* encountered a fresh wave of obstacles in 2022. Global semiconductor shortages, rising raw material prices, and the energy crisis stemming from ...
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The increasing demand for high value-added internet-based services has been a constant, before, during and after the COVID-19 pandemic. In such a context, telecoms providers are actively adapting their portfolio to meet the more sophisticated ...
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Brazil has the highest number of fintechs in Latin America and there are several factors that have created an ideal setting for the emergence and growth of this sector. The presence of a large population and a highly concentrated banking system with ...
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