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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.
Brazil’s insurance sector continued to grow in 2019, with total premiums reaching 6.7% of the country’s GDP. During the year, total insurance premium income rose by 9.9% y/y to BRL 489.1bn, posting its best performance in terms ...
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The MENA region presents high potential for infrastructure development. According to the World Bank, the region would need to spend at least 8.2% of its GDP per year to tap the infrastructure gap and meet the needs of its growing ...
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Africa’s infrastructure deficit is long-standing and well-known. Although USD 297.2bn were committed to transport and energy infrastructure projects on the continent between 2014 and 2018, only four countries, Egypt, Morocco, ...
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Turkey is home to the second largest renewables-based power capacity in Emerging Europe after Russia. With almost 50 GW of installed capacity, renewables contribute to more than half of the total capacity, and 42% of the power ...
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The steel sector is both the backbone of the Indian economy and a growth-promising sector. The growth of the sector is supported by the availability of raw material such as iron ore and cost-effective labour in the country. ...
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The Mexican agriculture sector, including crop, livestock and fisheries, plays a key role in the domestic economy. Agriculture GVA accounted for 3.8% of GDP in 2020, and the sector is among the largest employers in the country ...
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Civil engineering construction and assembly production by construction entities in Poland was worth PLN 57.6bn in 2019, recording an increase of 6.3% that year, while the construction and assembly production of specialised construction ...
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The COVID-19-induced recession meant it was vital for governments around the world to work hard to counteract the wide-ranging effects of the pandemic. While private investments may have suffered from the uncertainty of the pandemic, ...
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