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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.
Although Indonesia has abundant metal resources, its metal processing sector is underdeveloped. The country mainly exports lower value-added minerals and imports higher value-added metal products. To squeeze more value from its metal ores ...
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The fintech sector in Brazil has gained attention in recent years, as it continues to develop pioneering solutions for underserved demands through technological innovation. Financial and monetary supervisory bodies have tried to follow ...
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Brazil’s automotive sector was among the industries hit hardest by COVID-19. It suffered from disruptions in global supply chains, lockdown restrictions and falling domestic vehicle sales. As exports also underperformed, mainly as a ...
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Thailand has a fragmented insurance sector, with approximately 80 licensed insurers active in the market. Despite the numerous market players, insurance penetration in Thailand remains low at 5.4% of GDP in 2020, significantly lower than ...
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The share of the metals and mining sector in India’s GVA is estimated to be about 4.0% in FY2020. The metal processing sector is crucial from the standpoint of creating competitive advantage for end-use sectors such ...
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Between 2010 and 2019, written insurance premiums in Colombia grew at an average yearly rate of 6.1% in real terms, nearly doubling the country’s GDP average increase of 3.7% per year in the same period. As a result, penetration ...
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Thailand’s oil and gas sector benefits from the country’s strong economic fundamentals as energy is crucial in sustaining the growth momentum of the country. As consumption is expected to ramp up, the depletion ...
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The last quarter of 2020 saw intensive development and production of COVID-19 vaccines and related medications in China for the domestic and international use. In December 2020, the National Medical Products Administration officially ...
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Russia is one of the top producers and consumers of electric power in the world. The country has rich gas, oil, and coal reserves, and most electricity is generated by thermal power plants, although nuclear and hydropower also provide a ...
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The construction sector is the backbone of the Indian economy and as such is one of the key focus areas of the government in its fight against the COVID-19-induced economic slowdown in the country. The construction sector offers direct and ...
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