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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.
Construction is the sixth largest economic sector in Colombia, accounting for 6.3% of the country’s GDP, 5.8% of total FDI inflow and 7.2% of formal employment in 2019. However, due to its stagnation in the last three years ...
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Indonesia’s insurance sector generates less than 1% of the country’s gross domestic product (GDP). Its penetration and density rates are below the average for the region. With gross insurance premiums at 1.99% of GDP versus 3.9% ...
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China’s transportation sector is almost entirely dominated by state-owned corporations, as its development is viewed as a major driver for the country’s economic growth. The transportation sector achieved remarkable improvements ...
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In the second quarter 2020, China’s healthcare sector continued be challenged by the COVID-19 pandemic. As the coronavirus has been affecting the socio-economic reality in the country, in July 2020 China’s State Council released ...
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In 2019, Colombia consolidated its positions as the second-largest motorcycle producer in Latin America, after Brazil, and the fourth-biggest manufacturer of four-wheel vehicles in the region. During the year, the domestic vehicle sales ...
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The Philippines’ tourism sector has been the focus of President Rodrigo Duterte’s Government as one of the key sectors of economic development. Government intentions are visible in various tourism development plans ...
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The infrastructure sector is an essential support function for industrial and economic development. Its segments include pipelines, telecoms, power transmission and transportation infrastructure. While there can be some aspects of general ...
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The performance of China’s property market took a heavy blow in terms of investment, new starts, sales and land market in Q1 2020, strongly impacted by the outbreak of COVID-19. However, the situation turned around in the second half ...
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Brazil’s real estate sector was on a recovery path until early 2020, when the COVID-19 outbreak paralysed economic activity in the country. In 2019, the sector was one of the driving forces of the Brazilian economy ...
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The revenue of China’s mobile communications equipment sector rose by 5% y/y in the first half of 2020, according to MIIT. The total profit during this period surged by 41.3% y/y, as the sector gradually recovered from the impact of ...
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