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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.
In Q2 2024, Brazil's total insurance premium income grew by 14.9% y/y, reaching BRL 183.2bn, driven by the strong expansion of the country's economy, with real GDP rising by a seasonally-adjusted 2.8% y/y during the quarter. Life insurance premium ...
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India's renewable energy sector is among the fastest-growing globally, driven by abundant solar and wind resources and strong government support. According to the International Renewable Energy Agency (IRENA), India ranked as the fourth-largest ...
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The automotive sector in Brazil witnessed a very positive performance between July and September 2024. In Q3 2024, sales of new motor vehicles in Brazil reached 715,052 units, increasing by 13.3% y/y and by 13.6% against Q2 2024. Passenger cars were ...
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The cement sector is pivotal in the country's economic growth, serving as a critical foundation for nation-building sectors such as housing, infrastructure, and industrial and commercial development. The sector's significance, one of the eight core ...
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The banking sector in India is expected to see a moderation in credit growth in FY2025 after experiencing robust expansion in FY2024. According to ICRA's estimates, credit growth is projected to slow down to 11.6-12.5% in FY2025, compared to the ...
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There were substantial changes in India's insurance sector between October 2024 and February 2025. The Insurance Regulatory and Development Authority of India (IRDAI) has issued a series of important regulatory updates. The regulator initiated the ...
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The implementation of the new Telecommunications Act 2023 in July 2024 provided a significant boost to the Indian telecommunications sector. The Act replaced several legislative instruments governing the industry, some of which trace back to 1883, ...
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India is a substantial global producer and exporter of chemicals. India's chemical expertise encompasses a diverse array of product categories. Despite these advantages, India is still a net chemical importer. In several key categories, India lacks ...
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