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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.
Thailand's Agriculture, Hunting, Forestry and Fishing sector accounted for 8% of the GDP, growing 1.6% y/y, in 2019. The sector accounted for 33.7% of Thailand’s total employment in 2019. Agricultural land claimed some 47% of the ...
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In October 2018, the government launched Thailand 4.0 to transform the country into a digital economy. This has proven to be beneficial for the ICT sector as it remains one of the fundamental drivers of digitalisation. ...
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With PLN 194bn of assets and PLN 63.8bn of premiums in 2019, the Polish insurance market is the largest in the Central and Eastern Europe (CEE). However, it remains far less saturated than Western European countries; the penetration rate is ...
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Accounting for 3.3% of total global chemical sector revenues, Brazil was the sixth largest global chemical market in 2019. Throughout the year, the Brazilian chemical market grew its share in the global chemical sector’s revenues by 0 ...
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The COVID-19 pandemic has accelerated the adoption of digital technology for daily activities not only in the “new normal” but also for the future. For households, better broadband connectivity became vital for working ...
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India’s infrastructure sector is a vital enabler of the country’s economic development. Presently, India’s infrastructure is comparatively underdeveloped when compared with other emerging market countries. In recent years, ...
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Thailand is the third-largest power producer and consumer in ASEAN. The electric power sector takes 2.6% of the Thai economy, and contributes to about 0.3% of the overall employment. At the same time, the power sector is an important ...
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According to the NBS, the sales volume and sales revenue of China’s real estate sector reached 590mn m2 and RMB 5,797bn in the fourth quarter of 2020, which represented y/y increases of 12.7% and 20.1%, respectively. ...
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Brazil has rich mineral resources, making it an important player in the global mining industry. The country ended 2019 with the world’s largest niobium reserves (84.8% of the total), accounting for an overwhelming 87.8% of the global ...
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In the fourth quarter of 2020, the sales volume and sales revenue of China’s steel products reached 213.8mn tonnes and RMB 1,543.7bn, representing y/y increases of 27.8% and 38.5%, respectively. The demand for steel products in ...
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