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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 insurance sector in Romania remained underdeveloped in 2017. Insurance penetration, measured by the ratio of gross written premium (GWP) to GDP, was only 1.1% for the whole sector in 2017, versus 1% in 2016. The sector’s GWP came to RON 9 ...
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Mexico is the second-largest pharmaceutical market in Latin America, behind only Brazil, with a large and growing population, multiple but underfunded state-run health insurance schemes, and a small but rapidly developing private health insurance ...
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Between 2006 and 2016, Mexico, a traditional oil-exporting country, saw its oil output contract at a CAGR of 4%, underperforming the top ten largest crude producers in the world. In 2017, Mexico’s production dropped a further 9.5%, leaving the ...
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Turkey’s automotive sector recorded solid growth in 2017, with production and exports hitting new record highs for the third straight year. The surge was supported by increased investments, with local automotive manufacturers expanding their ...
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The strategic location of Poland at the heart of Europe creates vast opportunities for development of the transportation sector. In 2017 the sector accounted for 6% of the country’s GDP, generating 6.5% of all employment in Poland. Moreover, ...
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The automotive industry in Russia has a relatively small share in the country’s economy and employment. The sector generates less than 1% of Russia’s gross domestic product (GDP) and provides employment to about 600,000 people, or less ...
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Indonesia’s pharmaceutical and healthcare sector is under-developed compared to many other countries in the Association of Southeast Asian Nations (ASEAN). Indonesia has one of the fewest physicians and hospital beds per 1,000 population in the ...
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In the third quarter of 2018, the revenue of China’s rubber products sector contracted by 33.4% y/y to RMB 158bn, as a result of the falling sales volumes of rubber products. In this period, the sales revenue of the largest subsector, tyres, ...
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In the third quarter of 2018, the revenue of China’s ferrous metal smelting and pressing sector rose by 15.1% y/y, reaching nearly RMB 1.7bn, as a result of higher selling prices and sales volumes of steel products. In this period, the sales ...
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Turkey has insignificant oil and gas reserves and imports more than 90% of the energy resources that its fast-growing economy needs. The government has initiated a number of projects to enhance exploration of both onshore and offshore blocks in order ...
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