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 tourism sector in Brazil has significant growth potential thanks to the country’s sector-relevant natural resources, which were recognised as the most abundant in the world in the 2017 Travel and Tourism Competitiveness Report by the World ...
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Proximity to Western European markets, low-cost skilled labour and favourable investment environment have turned Emerging Europe into a preferred location for major automotive producers and helped the region claim an increasing share of the global ...
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In 2017, electric power consumption in Brazil rose by 0.8% y/y, the first increase in three years, as the country emerged from one of its deepest recessions in decades. The positive trend continued in 2018, when the uptick in electricity demand ...
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As at the end of 2017, the Thai banking sector consisted of a total of 30 commercial banks comprising both domestic banks and branches of foreign lenders. Thai banks dominate the sector, and the five largest banks collectively account for the ...
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India is one of the global leaders in the food and beverage industry, with prominent positions in the production of dairy, meat products, refined sugar and spirits. The gross value added (GVA) of the food and beverage sector expanded at a CAGR of 4 ...
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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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