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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.
The agriculture, livestock and fisheries sector in Brazil plays a key role in the domestic economy, accounting for 5.1% of total GDP, 24.6% of total export value and 3.7% of total employment in 2018. The recent economic and political ...
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Colombia is one of the leading economies in Latin America in terms of GDP and is also one of the more stable countries in the region in terms of its economic policies and regulatory environment. The mining sector represents 1.6% of the ...
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Brazil is a relevant player in the global IT market, accounting for 2.1% of the sales of hardware, software and IT services worldwide in 2018. The country holds the ninth position globally, while ranking first regionally with a 42.8% share ...
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Brazil is among the leading players in the global metal processing industry. The country was not only the ninth largest crude steel producer in the world and the sixth leading net steel exporter in 2019 but also one of the top 20 primary ...
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Construction is the sixth largest economic sector in Colombia, accounting for 6.3% of the country’s GDP, 5.8% of total FDI inflow and 7.2% of formal employment in 2019. However, due to its stagnation in the last three years ...
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Indonesia’s insurance sector generates less than 1% of the country’s gross domestic product (GDP). Its penetration and density rates are below the average for the region. With gross insurance premiums at 1.99% of GDP versus 3.9% ...
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China’s transportation sector is almost entirely dominated by state-owned corporations, as its development is viewed as a major driver for the country’s economic growth. The transportation sector achieved remarkable improvements ...
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In the second quarter 2020, China’s healthcare sector continued be challenged by the COVID-19 pandemic. As the coronavirus has been affecting the socio-economic reality in the country, in July 2020 China’s State Council released ...
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In 2019, Colombia consolidated its positions as the second-largest motorcycle producer in Latin America, after Brazil, and the fourth-biggest manufacturer of four-wheel vehicles in the region. During the year, the domestic vehicle sales ...
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The Philippines’ tourism sector has been the focus of President Rodrigo Duterte’s Government as one of the key sectors of economic development. Government intentions are visible in various tourism development plans ...
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