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.
Malaysia’s insurance sector comprises both conventional insurers and “takaful” operators, who provide insurance products consistent with Islamic Shariah principles. Insurance penetration in Malaysia is low relative to that in many ...READ MORE
The banking sector in Malaysia accounted for 4.7% of GDP in 2016, boasting assets worth 198.8% of GDP and a workforce equivalent to 3% of the total employed workers in the country in 2016. The sector was home to 27 commercial, 11 investment, and 18 ...READ MORE
The insurance sector in Romania remains heavily underdeveloped, with the ratio of gross written premium (GWP) to GDP at 1% for non-life insurance and 0.2% for life insurance. The core of the insurance market continues to be motor vehicle insurance ...READ MORE
In 2012-2016, loans and deposits in Argentinean banks grew at CAGRs of 28.7% and 33.8%, respectively. In 2016 alone, the sector’s deposit base expanded by 45.2% y/y, its strongest growth in the last five years, while the banks’ loan ...READ MORE
As in any developed or emerging market, financial intermediation in Romania represents an important generator of wealth and stability for the whole economy. With net assets of credit institutions amounting to 51.9% of the GDP, the financial sector ...READ MORE
Thailand’s economic growth has slowed down in recent years, with GDP growing by 3.2% y/y in 2016. Since 2010, Thai consumers have become increasingly leveraged with the household debt-to-GDP ratio reaching 79.9% by 2016. The challenging ...READ MORE
Poland’s banking sector is well capitalised and non-volatile, relying mostly on traditional products. Even though Poland remains significantly underbanked compared to the EU average, the country's banking sector plays a very important role for ...READ MORE
The Polish insurance market was ranked 13th in the European Union in 2015 – and 15th in the whole of Europe – in terms of that year's gross written premium (GWP). This indicator has been declining since 2012, along with the sector's share ...READ MORE
Colombia’s banking sector, comprising commercial banks, financial corporations, financing companies and financial cooperatives, has proved resilient to the economic slowdown the country has suffered since 2014. Despite the challenges faced by ...READ MORE
By the end of 2016 there were 163 insurance institutions operating in the People’s Republic of China, of which roughly 30% were foreign-funded or joint ventures. Traditional insurance subsectors such as life insurance and property insurance are ...READ MORE