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 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 197 of these firms were being monitored by ...
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The real estate sector in India is one of the significant contributors to the country's economy. It comprises four sub-sectors, namely residential, commercial, retail, and hospitality. The sector has a significant impact on various related industries ...
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Indonesia is the largest market for two- and four-wheel vehicles in the ASEAN region, as well as the second-largest motor vehicle producer in the region. The automotive sector is an important driver of economic growth in Indonesia and it has been ...
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Consumption of high value-added Internet-based services has grown in Malaysia prior to, during and after the COVID-19 pandemic. This trend has shaped the structure of the domestic ICT sector in several ways. First, the intensive use of Internet-based ...
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The construction sector is one of the most important pillars of the Indian economy, contributing significantly to the country's development in terms of employment generation, state-of-the art infrastructure creation, housing development, multiplier ...
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The Thai insurance industry is fragmented, with nearly 80 licenced insurers operating in the country. Nonetheless, Thailand's insurance density remains low, at around USD 381 per capita in 2021, significantly lower than the advanced Asia-Pacific ...
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China's mobile communications equipment sector can be broadly divided into two subsectors: communication terminal equipment (e.g., mobile handsets) and communication station equipment (e.g., base stations and IoT communication modules). In 2022, the ...
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Indonesia's insurance sector is underpenetrated compared to its regional peers, given its low density and penetration rates. With gross insurance premiums at 1.6% of GDP compared to Emerging Asia's average of 3.7%, and insurance density at USD 70 per ...
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The transportation sector in Malaysia generates between 3% and 3.5% of the country's GDP and accounts for approximately 3.5% of all jobs on the domestic labour market. However, its role for the economic and social development of Malaysia is arguably ...
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The Colombian ICT sector is a competitive market dominated by large multinationals, alongside local players of regional significance, mainly state-owned public utility companies. According to figures from the Colombian Statistics Office (DANE), the ...
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