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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 saw its Internet economy grow to USD 16bn in 2019 from USD 6bn in 2015, driven by sustained increase in penetration of mobile and broadband services in the country. The mobile and fixed broadband subsectors are intensely competitive with few ...
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China’s automotive market recorded the second consecutive year of decline in sales during 2019. According to statistics published by the China Association of Automobile Manufacturers (CAAM), the total motor vehicle sales in China reached 25.8mn ...
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Brazil ranks among the leading global chemical markets, accounting for 2.6% of the industry’s total net sales in 2018 and ranking sixth in the world. In 2019, sectoral turnover fell by 4.2% y/y to USD 118.7bn, as the local economy posted its ...
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The coal mining sector accounted for 1.1% of Poland's GDP and 0.9% of the total employment in the country in 2018. The sector's importance for the Polish economy - tremendous during the communist regime and in the first years after the start of ...
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In the first quarter of 2020, China's pharmaceutical manufacturing sector was strongly affected by the coronavirus outbreak. Pharmaceutical companies delayed the start of work, due to blocked transportation and restrictions on movement of people and ...
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In the fourth quarter of 2019, China’s chemical sector’s value added of industry (VAI) rose by 6.2% y/y, 3.5 pp faster than in the same period of 2018. During both Q3 and Q4 2019, China’s economy expanded by a record low of 6% y/y, ...
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Turkey’s complex geologic and tectonic structure ranks it among the top countries in the world in terms of mineral diversity. Excluding petroleum and coal, the country is home to 53 exploitable minerals and metals and 4,500 mineral deposits, ...
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In the fourth quarter of 2019 China's telecommunications industry continued to undergo dramatic changes due to the commercialisation of 5G technology. It was a period of intensive 5G infrastructure development and technological upgrade. The official ...
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The insurance sector in China remained on the growing track in the fourth quarter of 2019. Its total assets expanded by 12.2% y/y and exceeded RMB 20tn for the first time, reaching RMB 20.6tn at the quarter end. The insurance premiums generated in Q4 ...
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In 2019, retail sales in Brazil expanded for the third year in a row, by 1.8% y/y in volume terms due to the improving labour market and declining borrowing costs, which supported the disposable income of the population. Additional positive factors ...
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