Secure shopping
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.
The Brazilian Chamber of Construction Industry (CBIC) outlined that the sector should register a 2% y/y increase in its GVA in real terms for the entire 2023. In December 2022, the institution had forecast a growth of 2.5% for construction in 2023. ...
View more details
In 2022, Brazil was the 13th 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 ...
View more details
The infrastructure industry in India is vital to the nation's economic growth. India's infrastructure is presently relatively underdeveloped when compared to other emerging market countries. The Indian government has made significant investments in ...
View more details
As of 2022, Colombia's energy sector has shown consistent growth and resilience, with the energy sector contributing around 1.73% of the country's total gross domestic product (GDP). The country has made significant strides in expanding its renewable ...
View more details
The COVID-19 pandemic had a negative impact on the Thai economy, reducing consumer expenditure and purchasing power. This had ripple effects on the ICT industry. In 2021, the mobile telecom subscriber base has regained momentum following a decline in ...
View more details
In its October 2022 meeting, OPEC+ decided to cut oil production by 2mn bbl/day until the end of 2023 on concerns of demand despite a call from other nations to refrain from doing so. As a result, in October 2022, WTI averaged USD 87.55/bbl which was ...
View more details
India's banking sector is composed of public sector banks, private sector banks, foreign banks, and small finance banks along with co-operative banks (urban and rural), and non-banking financial institutions (NBFIs). The sector is regulated and ...
View more details
According to the International Renewable Energy Agency (IRENA), Brazil ranked third globally in 2022 in terms of installed capacity of renewable energy sources, totalling 175,262 MW. This notable achievement is primarily attributable to Brazil's ...
View more details
The intrinsic potential of Brazil's tourism sector was clouded by the onset of the COVID-19 pandemic. The start of 2021 brought little relief to the sector, as in January of that year the mayors of Rio de Janeiro and Sao Paulo cancelled the carnival ...
View more details
The real estate (property) and construction industry in Brazil has faced challenges in recent years, primarily due to the impact of Operation Car-Wash, an anti-corruption initiative that directly affected the industry. However, there have been signs ...
View more details