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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.
India ranked sixth in renewable energy (RE) installed capacity in the world in 2017. In FY2017 RE generation accounted for 22% of total energy generation. In addition, India has set an ambitious target of establishing 175 GW of new RE installed ...
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The agriculture, livestock and fisheries sector in Brazil plays a key role in the domestic economy, accounting for 4.7% of total GDP, 24% of total export value, and 3.7% of total employment in 2016. The GDP of the sector registered a 6.6% y/y ...
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Russia’s insurance sector expanded at a CAGR of 10.1% over the 2012-2016 period, with the premium income growth outperforming GDP growth and proving resistant to the economic slump triggered by the collapse in oil prices and Western sanctions. ...
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The automotive industry in Russia has a relatively small share in the country’s economy and employment. The sector generated just 0.3% of Russia’s gross value added (GVA) in 2016 and provided employment to 578,300 people, or less than 1% ...
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With a population of some 258.7 million, Indonesia is the world’s fourth-most populous country and the largest economy in the ASEAN region. The food and beverage sector employs over 4.5 million people and is the largest in the manufacturing ...
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In order to keep up with rising demand in one of the world’s fastest growing economies, Turkey’s power sector has expanded at a rapid pace over the last decade. At the same time, increased electricity consumption has posed challenges for ...
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The transportation and storage sector is one of the important service sectors in the Czech Republic. The sector’s gross value added (GVA) reached CZK 242bn in 2016, accounting for 5.6% of total GVA and 9.3% of GVA from services. The ...
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Turkey is a major crude steel producer, ranking third in Europe and eighth in the world in terms of 2016 output. The country was the world’s biggest scrap importer in 2016, as most of its plants have developed capacities that work on this type ...
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China had 123,993 km of railways at the end of 2016, up by 2.5% y/y. Of these railway lines, 21,741 km were high-speed rail (HSR), making China’s the longest HSR network in the world. In 2016, the railway sector saw stable growth in passenger ...
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Total sales in the consumer goods and retail sector in Malaysia have been growing healthily at a CAGR of 9.2% from 2012 to 2016 according to statistics from the Department of Statistics Malaysia (DoSM). Malaysia has low unemployment rates and ...
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