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 revenue of China’s beverage sector continued to decline in 2018, mainly due to decreased sales of soft drinks and baijiu. Beverage retail sales in Q4 2018 were down by 1.6% y/y to RMB 53.2bn, and in the full 2018 they fell by 10.3% y/y to ...
View more details
Russia is home to the largest ICT market in Europe, catering to a population of more than 147mn people. With a penetration rate of almost 160% in the mobile telephony segment and 76% in the mobile broadband segment, the telecoms market is highly ...
View more details
The metallic and non-metallic mineral mining sector was responsible for 1.1% of Poland’s GDP in 2017 and employed 14,680 persons. The main non-coal minerals extracted in Poland are copper, silver, zinc and lead, as well as many industrial ...
View more details
Turkey’s healthcare system has been fully reformed under the 2003-2013 Health Transformation Programme (HTP), which helped expand the coverage and quality of health services across the country. Health insurance coverage reached 98.4% of the ...
View more details
The overall value added by Brazil's transportation, warehousing and postal services posted a negative CAGR of 1.1% over the 2013-2018 period. The performance of the industry fell slightly below the country's GDP, which reported a CAGR 0.7% in the ...
View more details
In 2018, the real estate sector emerged as one of the driving forces of the Brazilian economy, expanding its gross value added by 3.1% y/y, well above the country’s GDP growth of 1.1%. This was largely attributable to a rapid recovery of the ...
View more details
In Q2 2019, China’s economy slowed down, growing by 6.2% y/y, a record low in 27 years. However, total retail sales of consumer goods rose by 8.6% y/y in Q2 2019 to RMB 9,742bn, driven by growing incomes, higher spending and the ...
View more details
The Philippines insurance sector is one of the least developed in the ASEAN region, with insurance penetration and density significantly lower than those in some other large ASEAN countries including Indonesia and Thailand. However, incomes in the ...
View more details
The steel sector contributed about 2% of the Indian economy’s total GVA in FY2018, employing 500,000 people directly and 2.5mn people indirectly. Indian crude steel production is the second-largest in the world and the domestic steel market is ...
View more details