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.
In Q3 2024, Brazil's total insurance premium income grew by 11.3% y/y, reaching BRL 193.4bn, driven by the strong expansion of the country's economy, with real GDP rising by a seasonally-adjusted 3.4% y/y during the quarter. Life insurance premium ...
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Malaysia's pharmaceutical and healthcare sector is among the most advanced in Southeast Asia. Malaysia's healthcare system is divided into a taxpayer-funded and government-run system and a fee-paying private sector. The public system, overseen by the ...
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Malaysia has substantial crude oil and natural gas reserves. The government established Petroliam Nasional Bhd (Petronas) in 1974 as the national oil corporation and owner and steward of the country's hydrocarbon deposits. Petronas has since ...
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Infrastructure development is pivotal for Africa's economic growth. The burgeoning private consumption, driven by population growth, urbanisation, and an expanding middle class, has created surging demand for improved infrastructure across the ...
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In Q3 2024 the Brazilian retail sector showcased a mix of resilience and vulnerability, shaped by shifting consumer behaviour, inflationary pressures, and evolving market dynamics. According to the Brazilian Institute of Geography and Statistics ...
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Vietnam's banking system has undergone significant transformation since the country's economic reforms (Đổi Mới) in 1986, evolving from a single-bank system to a more diversified, market-oriented ecosystem. Today, Vietnam is home to 35 local ...
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Brent crude prices averaged USD 79.8/bbl in Q2 FY2025, a 7.9% y/y and 5.7% q/q decline. After rising in July 2024 by 3.5% m/m, Brent crude prices declined by 5.6% y/y in August and 7.9% y/y in September. While prices increased by 2.2% m/m in October, ...
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