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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.
According to the Monthly Survey of Trade (PMC) by Brazil's Statistics Office (IBGE), in March 2024, the retail trade in Brazil remained stable with no change in sales volume compared to February 2024, adjusted for seasonal variations. This stability ...
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The renewable energy sector in the countries forming the Association of Southeast Asian Nations (ASEAN) region is at a critical juncture. While there are strong policy commitments and a clear recognition of the region's vulnerability to climate ...
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Africa's mining sector plays a key role in driving the economic performance of a number of countries on the continent and providing over a quarter of the continent's export earnings. The continent accounted for 5.3% of the global mineral production ...
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Excellent technical potential for solar, wind and hydroelectric energy generation along with generous government support for the renewable energy sector in Vietnam between 2018 and 2021 has led to a rapid expansion in clean energy capacity and ...
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Poland's healthcare and pharmaceutical industry is making significant strides, despite facing substantial challenges. The ongoing war in Ukraine, which followed the COVID-19 pandemic, has placed considerable pressure on the Polish healthcare system. ...
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Indonesia's tourism sector has been on the road to recovery since the country opened its borders to foreign tourists and eased travel restrictions in 2022. Passenger traffic through international airports in the country surged in 2023, as foreign ...
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Located in the centre of Southeast Asia, Singapore has become a global air and sea transportation hub due to its advantageous geographical location, its dynamic export-oriented economy and the consistent efforts of policymakers. Domestically, despite ...
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In 2023, Malaysia was the third largest manufacturer of photovoltaic modules in the world, accounting for 2.8% to the global PV panel output. Renowned PV manufacturers such as Risen Energy, JinkoSolar and Hanwha Q Cell, among others, have established ...
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In 2023, Brazil was the 12th largest market in the world in terms of insurance premiums written, mainly due to its large population, according to a Swiss Re report. In terms of density, however, Brazil lags behind its regional peers and developed ...
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In 2023, the Brazilian retail sector grew, with a 1.7% y/y increase in sales volume, according to the Brazilian Institute of Geography and Statistics (IBGE). In terms of nominal revenue, there was a significant rise of 4.1% y/y. Expanding the scope ...
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