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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 EU's energy sector witnessed one of its most challenging years in 2022, which eventually led to unprecedented transformations in oil and gas supply and consumption. Russia's invasion of Ukraine in February 2022 had a profound effect on global ...
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In Q1 2023, total insurance premium incomes in Brazil saw an increase of 11.2% y/y to BRL 157.6bn. This rise was explained by the recovery of the economy, as GDP rose by 4% y/y in the quarter. Life insurance premium income went up by 6.7% y/y to BRL ...
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In December 2022, the Brazilian Chamber of Construction Industry (CBIC) had forecast a growth of 2.5% y/y for construction in 2023, above the national economy growth rate for the third consecutive year. However, in April 2023, the CBIC lowered the ...
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As the country has developed over the past decade, the real estate and construction industries have continued to expand. The Bangkok Metropolitan Region (BMR) and the Eastern Economic Corridor (EEC) are the principal hubs for real estate activities. ...
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Thailand's consumer goods and retail sectors have matured significantly in recent decades, paralleling the country's rapid economic growth. Compared to their ASEAN counterparts, Thailand's growing middle and affluent classes are highly ...
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As the government strives to make Thailand a logistics and transportation center, the sector's development and technological advancement are crucial for economic growth. The government has invested in various modes of transportation, concentrating ...
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Indonesia's real estate sector takes a small share in the country's gross domestic product (GDP). In 2022 the sector continued to grow but at a pace slower than the economy and as a result the sector's contribution to the nominal GDP fell to 2.5% ...
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Coal power still has a towering presence in China's electricity generation, but the share of nuclear and renewable energy keeps increasing as the country is changing course towards a cleaner energy mix. According to the International Energy Agency ...
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