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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.
After recording a q/q major decline of 37.23% in Q2 FY2021, the crude steel production recorded a q/q increase of 55.76% in Q2 FY2021. Among the top players, Tata Steel ltd contributed the maximum (17.8%) in the q/q increase in crude steel ...
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The growth of the cement sector in India is closely aligned to the prospects of housing, infrastructure and industrial activity. India is the second largest producer of cement after China, with an installed capacity ...
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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 year 2019 was another record year for the Polish real-estate market. With real-estate transactions worth EUR 7.7bn (an increase of 6.9% y/y), Poland remained the eighth largest market in Europe. Demand was strong across segments, ...
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Natural gas continues to outpace crude oil as China’s leading hydrocarbon resource in terms of exploration and development. In 2019, total proven reserves of conventional natural gas increased by 809.1bcm while total shale gas ...
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Natural resources and the mining sector are essential for China’s sustainable economic growth. Due to surging power consumption and industrial progress, the country has already become the world’s largest consumer of materials ...
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China is the largest cement producer in the world, accounting for 53.7% of global cement output in 2019, according to estimates from the US Geological Survey’s National Minerals Information Center (USGS). The cement sector in China ...
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In Q3 2020, China’s insurance sector continued to recover as insurance premiums picked up by 9.1% y/y to RMB 980.4bn, of which property insurance stood at RMB 301.5bn, up by 9% y/y, and human insurance was RMB 679bn, up by 9.2%. The ...
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China’s telecommunications sector saw a stable growth in the third quarter of 2020, with revenue rising by 3.4% y/y to RMB 330.1bn. The total business volume of the telecom industry for the first three quarters of the year ...
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In Q3 2020, manufacturing operations in China were completely resumed, and most of the pharmaceutical companies increased their production to meet the growing demand. The demand for COVID-19 related drugs, protective ...
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