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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.
In 2018, Argentina was the third largest pharmaceutical market in Latin America with retail drug sales of USD 4.9bn. The country has a large and ageing population, a relatively developed public health system, and a small but consolidated private ...
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Africa’s telecommunications sector has been one of the most dynamic globally over the past decade, driven by mobile services in particular. Realising the importance of telecommunications for overall economic growth, governments across the ...
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The steel sector contributes about 2% of the Indian economy’s total GVA, according to the Indian Brand Equity Foundation (IBEF). The sector employs 500,000 people directly and 2.5mn people indirectly. Indian crude steel production is the ...
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The telecommunications sector in China has been playing a crucial role in the country’s development processes. As one of the key national industries, it plays a double role. Apart from its traditional functions, it has fundamental importance ...
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The gross output of Poland’s wood, paper and furniture industry stood at 6.6% of the country’s GDP in 2017. In the same year, it also accounted for 12.5% of employment in manufacturing and 2.5% of total employment in the Polish economy. ...
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The development of E&E manufacturing has been key to Malaysia’s transition from an agricultural to a manufacturing-based economy, and the consumer electronics sector has been an important driver of that transformation. Malaysia is a global ...
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Due to the combination of its rich, unexplored mineral resources and active government measures to enhance the regulatory framework, Ecuador is on track to become the fastest-growing mining destination in Latin America. Growing investor appetite for ...
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The slowing economy and the transition to VI emission standards continued to weigh on China’s automotive market. In Q3 2019, the automotive production slumped by 6.2% y/y to 6mn units, where passenger car production only was down by 6.9% y/y. ...
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After a weak financial performance in the 2016-2017 period, Colombia’s ICT sector returned to growth in 2018. The information and communications sector’s GVA increased by 3% y/y in 2018, reaching COP 24.5tn or 2.9% of total GDP, ...
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