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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.
The Thai insurance industry is highly fragmented, with approximately 80 licenced insurers conducting business there. Nevertheless, Thailand's insurance density remains extremely low, at approximately USD 369 per capita in 2022, substantially lower ...
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The Polish banking sector, while still relatively small compared to the overall economy, remains stable and dynamically developing, and is the leader in Central and Eastern Europe (CEE) in terms of asset size. At the end of 2023, the banking sector's ...
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Information and communication has been one of the best-performing sectors of the Indonesian economy in recent years, with its real gross value added (GVA) expanding at a CAGR of 8.4% in the 2018-2023 period, driven by the digital transformation in ...
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In recent years, China has been opening its financial services market to global investors and gradually easing access restrictions on foreign financial institutions. Insurance is at the forefront of the country's financial market opening. Since ...
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In 2023, China's total retail sales rose by 7.2% y/y to RMB 47,150bn, mainly boosted by the country's relaxation of pandemic-related restrictions since end-2022 and the effective consumption stimulating policies during 2023. Due to the crucial role ...
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The agribusiness sector plays an important role in Thailand's economy, accounting for 8.6% of the country's GDP and earning 7% of total exports. Moreover, the sector employed 30.2% of the country's total workforce in 2023, being the largest employer ...
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Brent crude prices in Q4 FY2024 averaged USD 83.0/bbl, a 2.2% y/y increase in contrast to a 0.9% q/q decline. In each of the three months in Q4 FY2024, Brent crude prices increased m/m due to the simmering tensions of a larger conflict in the Middle ...
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Robust economic activity and rising electrification, the key drivers of power demand, coupled with the rapid expansion of clean energy capacity and regulatory reform, have created a favourable environment for India's power sector ...
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Indonesia's insurance sector has seen a steady growth over the past few years, supported by the country's economic expansion and a rising public awareness of the benefits provided by insurance products. The relatively low penetration rate, with gross ...
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Developing Indonesia's infrastructure has been a top priority for the country's governments during the two terms of outgoing president Joko Widodo. Over the past decade, Indonesia has spent almost USD 800bn on new infrastructure projects as part of ...
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