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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 credꦑit agencies.
Between 2010 and 2019, written insurance premiums in Colombia grew at an average yearly rate of 6ꦦ.1% in real terms, nearly doubling the country’s GDP average increase of 3.7% per year in the same period. As a result, penetration ...
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Thailand’s oil and gas sector benefits from the country’s strong economic fundamentals as energy is crucial in sustaining the growth momentum of the country. As consumption is ex🍷pected to ramp up, the de🎶pletion ...
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The🏅 last quarter of 2020 saw intensive development and production of COVID-19 vaccines and related medications&n﷽bsp;in China for the domestic and international use. In December 2020, the National Medical Products Administration officially ...
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The last quarter of 2020 saw intensive development and production of COVID⭕-19 vaccineജs and related medications in China for the domestic and international use. In December 2020, the National Medical Products Administration officially ...
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Russia is one of the top producers and consumers of electric power in the world. The country has rich gas, oil, and coal reserves, and most electricity is generated b⭕y thermal power plants, although nuclear and hydropower also provide a ...
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The🐎 construction sector is the backbone of the Indian economy and as such is one of the key focus areas of the government in its fight against the COVID-19-induced economic slowdown in the country. The constru♔ction sector offers direct and ...
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The grossꦺ value added of financial and insurance activiti꧒es generated 3.8% of the country’s GDP in 2019 and absorbed around 20% of total FDI. The sector’s density and penetration is low by international standards, providing ...
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Indonesia is the largest electric power p🍃roducer in ASEAN, and the fifth largest in the Asia Pacific region 🌟(excl. China). At the same time, the gross value added (GVA) generated by the electricity supply sector accounts for just 1% of ...
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In Q4 2020 a🦂nd the first few months of 2021, China’s construction sector has continued to accelerate recovery from COVID-19. Thanks to the firm control of the spread of the pandemic, the country has recorded po🌞sitive results across ...
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Malaysia has a varied chemicals sector with a significant role in the ASEAN region. Malaysia is one of the region’s&𓆏nbsp;most substantial petrochemicals and exporters, thanks to the country’s sizable crude oil and natural gas reserves ...
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