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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 fragmented, with nearly 80 licenced insurers operating in the country. Nonetheless, Thailand's insurance density remains low, at around USD 381 per capita in 2021, significantly lower than the advanced Asia-Pacific ...
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China's mobile communications equipment sector can be broadly divided into two subsectors: communication terminal equipment (e.g., mobile handsets) and communication station equipment (e.g., base stations and IoT communication modules). In 2022, the ...
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Indonesia's insurance sector is underpenetrated compared to its regional peers, given its low density and penetration rates. With gross insurance premiums at 1.6% of GDP compared to Emerging Asia's average of 3.7%, and insurance density at USD 70 per ...
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The transportation sector in Malaysia generates between 3% and 3.5% of the country's GDP and accounts for approximately 3.5% of all jobs on the domestic labour market. However, its role for the economic and social development of Malaysia is arguably ...
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The Colombian ICT sector is a competitive market dominated by large multinationals, alongside local players of regional significance, mainly state-owned public utility companies. According to figures from the Colombian Statistics Office (DANE), the ...
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India is the world's third-largest producer and consumer of electricity. On a per capita basis, as per CEA, the electricity consumption stood at 1,255KWh in FY2022, which is approximately 1/3rd the global average. As the economy grows, electricity ...
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Indonesia's pharmaceuticals and healthcare sector is amongst the fastest growing in the ASEAN region. The Indonesian government introduced a comprehensive public health insurance programme in 2014 to deliver universal healthcare to Indonesians. The ...
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Turkey's insurance sector has experienced double-digit growth in the past five years, registering a compound annual growth rate (CAGR) of 49% over the 2018-2022 period, driven by both non-life and life segments. In 2022, total insurance premiums ...
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In the third quarter of 2022, the net revenue of Brazil's telecom industry stood at BRL 40.6bn. The turnover of the sector grew by 6.1% y/y and by 2.4% compared to the second quarter of 2022. Mobile telephony services (including mobile broadband ...
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The real estate sector plays an important role in China's economy. In 2022, the share of the sector's sales revenue in the country's GDP reached 11%. In addition, the real estate sector contributed 23.2% of the country's fixed asset investment (FAI) ...
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