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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.
Colombia’s ICT sector claimed a share of 3.1% of its national GVA, or around COP 25.7tn, in 2017, growing 3% compared to 2016 in real terms. In 2017, FDI inflow in TCI exceeded USD 3.4bn, up from USD 1.5bn the previous year, and beating the ...
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As the world’s second largest economy, China relies heavily on coal to ensure the stable operation of its main industries, such as energy and steel. The increasing energy consumption already made China the world’s largest producer and ...
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In the third quarter of 2018, China’s pharmaceutical and medicine production declined by 28.5% y/y to 573,000 tonnes, In 2018, many pharmaceutical producers were affected by the ongoing reform for new chemical drugs classification system, and ...
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India’s IT industry consists of IT services and Hardware and Business Process Management (BPM). Ecommerce has been part of the BPM segment of this industry since FY2013. The IT-BPM sector is largely export-driven. Software accounted for 74.5% ...
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Chile has a relatively developed and diversified agriculture sector, with a leading position in the production and export of several key commodities, such as grapes, cherries, apples, berries, walnuts, poultry meat and salmon. Agriculture has a major ...
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Transportation services and infrastructure are a powerful underpinner of economic growth in India. Rail and road are the dominant passenger carrying services, while water transport is a major player, along with the other two, when it comes to freight ...
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Indian ICT is a dynamic sector which both shapes customer needs and reflects the country’s fastchanging demographic and social situation. The country has a large working-age and consumptionoriented population. More affordable smartphones and ...
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Argentina has the third-largest ICT sector in Latin America in terms of number of subscribers, exceeded only by Brazil and Mexico. In regional terms, the country also has relatively high penetration rates in the main ICT services – such as ...
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Malaysia is a significant chemicals player within the ASEAN region. Malaysia is one of the largest producers and exporters of petrochemicals in the region, championed by the national oil company – Petroliam Nasional Bhd (“Petronas”) ...
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With a share of 19.9% of global proven oil reserves and 4.4% of those of natural gas as of the end of 2017, the Latin America and the Caribbean region is among the prominent players in the hydrocarbon industry. The region is also likely to hold ...
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