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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 July 2023 Electricity Market Report by the International Energy Agency (IEA), electric power consumption increased by 2.3% y/y across the world during 2022, slightly below the annual average of 2.4% observed during the pre-pandemic ...
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With PLN 196.9bn of assets and PLN 72.4bn of premiums in 2022, the Polish insurance market is the largest in the Central and Eastern Europe (CEE). However, it remains far less saturated than in Western European countries; the penetration rate is 2.2% ...
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The Russian invasion of Ukraine changed the European economy, creating an unfavourable business environment. Poland's construction sector has been strongly affected because of its high dependency on energy prices, the outflow of Ukrainian employees, ...
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In 2022, China's total retail sales reached RMB 43,973bn, which represented a slight decline of 0.2% y/y, mainly affected by the COVID-related lockdowns during the year. Due to the crucial role of consumption in the economy, the Chinese government ...
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The chemical sector is one of the critical pillars of the Chinese economy. Over the past two decades, China's chemical sector has maintained steady growth, driven by the increased demand from domestic and international markets. However, the rapid ...
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The Indian insurance sector is a vital component of the country's financial system, providing financial protection to individuals and businesses. It comprises both life and non-life insurance segments, each contributing to the economic stability and ...
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The oil and gas sector in Colombia is of great significance for the country, accounting for 4.8% of its GDP and nearly 30% of its exports value in 2022, according to data from Colombia's statistics office (DANE). After two years of troubled ...
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Amidst a backdrop of pandemic-induced challenges, Colombia's real estate and construction sector demonstrated resilience and growth during 2019 to 2022 but is now facing challenges in Q2 2023. GVA has decreased by 3.7% y/y compared to the same period ...
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The Colombian automotive industry is characterised by dissimilar levels of development at the segment level. Motorcycles are the main product of the Colombian automotive sector as the country kept its position as the second largest motorcycle ...
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According to the Monthly Survey of Trade by Brazil's Statistics Office (IBGE), in June 2023, the retail trade sector in Brazil demonstrated a certain degree of stability, as sales volume only increased by 0.3% y/y during Q2 2023. However, when ...
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