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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 is the largest pharmaceutical market in Latin America, with retail drug sales of USD 33.1bn in 2022. Brazil's pharmaceutical and healthcare sector faced several challenges during the COVID-19 pandemic, including shortages of drugs and active ...
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Vietnam's national electricity development plan forecasts solar energy in the capacity mix to grow from 8.5% in 2030 to as much as 34.4% in 2050. Offshore wind is also expected to substantiate more of the capacity mix growing from 4% in 2030 to 16% ...
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Indonesia is relying on its oil and gas sector to fuel its energy-hungry economy. However, depleting hydrocarbons fields and a lack of significant new discoveries of reserves have seen Indonesia's oil and gas production decline in recent years. As a ...
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In Q2 2023, total insurance premium incomes in Brazil saw an increase of 8.4% y/y to BRL 159.5bn. This rise was mainly explained by the recovery of the economy, as GDP rose by 4% y/y in the quarter. Life insurance premium income went up by 2.5% y/y ...
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Malaysia has one of Southeast Asia's most advanced pharmaceutical and healthcare sectors. Malaysia's healthcare system is divided into two segments: a taxpayer-funded and government-run system and a private sector. The public system, managed by the ...
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In Q2 FY2024, Brent crude prices averaged USD 86.7, a 10.6% q/q increase but a 13.9% y/y decline. Brent crude prices weakened by 10.8% m/m in May 2023 and by 1.0% m/m in June, but July, August and September saw Brent crude prices rise by 7.0% m/m, 7 ...
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The Philippines' consumer goods and retail sector has grown rapidly in recent years, fueled by a young population and a growing middle class. The business process outsourcing (BPO) industry and a significant volume of USD-denominated remittances from ...
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India is a significant global producer and exporter of chemicals. India's chemical expertise spans a wide range of product categories. Despite these advantages, India is still a net chemical importer. In several key categories, India lacks adequate ...
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In the second quarter of 2023, the net revenue of Brazil's telecom industry stood at BRL 42.7bn, growing by 7.2% y/y and by 0.7% compared to the first quarter of 2023. Mobile telephony services (including mobile broadband services) accounted for 49 ...
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In FY2022, the transportation sector in India generated gross value added (GVA) exceeding INR 9.62tn, constituting 4.48% of the nation's economy. The government has formulated an all-encompassing infrastructure investment strategy that incorporates ...
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