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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, written premiums in Colombia rose by 4.9% nominally, 1.7% y/y in real terms, its lowest growth rate since 2013. At the same time, the rise of the value of written premiums for 2018 was estimated at about 2% in real terms globally, according ...
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Between 2014 and 2016, Brazil went through one of the biggest economic crises of its history, recovering only in 2017, gradually growing at an average rate of 1.1% between 2017 and H1 2018. The infrastructure sector was hit particularly hard by the ...
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As the negative impact from the life product restructuring continued to diminish, China’s insurance sector reported a stronger growth during Q4 2018. Total insurance premiums reached RMB 735.5bn in Q4, registering a y/y increase of 20.1%, about ...
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As the negative impact from the life product restructuring continued to diminish, China’s insurance sector reported a stronger growth during Q4 2018. Total insurance premiums reached RMB 735.5bn in Q4, registering a y/y increase of 20.1%, about ...
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Construction was one of the sectors most affected by the 2015-2016 economic recession in Brazil. In 2018, despite the rebound of the economy, construction activity fell for a fifth year in a row, impaired by a high inventory of residential and ...
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China is the world’s largest producer of steel, accounting for 51% of the global steel production in 2018, according to the World Steel Association. The data from China Iron and Steel Association (CISA) shows that in 2018, China produced more ...
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The chemicals sector is one of the key pillars of the Chinese economy. It comprises five major subsectors – agricultural chemicals, basic chemicals, synthetic materials, coating and dyestuff, and special purpose chemicals. Over the past two ...
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The Thai economy has been robust over the past few years and this has translated to higher incomes for the growing middle class. Thailand is also one of the fastest aging societies in Asia. Finally, insurance penetration in Thailand remained ...
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Malaysia’s transport and storage sector contributed MYR 46.5bn (3.4%) of the country’s GDP in 2017. Between 2013 and 2017, the GDP share of the sector was flat at 3.4% to 3.5%. The sector contributed approximately 657,400 jobs or 4.5% of ...
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Being the world’s second-largest economy, China relies heavily on natural resources, which are essential for the country’s sustainable development. The rising energy consumption has already made China the world’s largest producer ...
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