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.
As a result of a low staring point, focused and sustained efforts on the part of the government to invest and attract investments from the private sector, strong public support and robust fundamentals of the domestic economy, the infrastructure ...
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In Q3 2023, sales of new motor vehicles in Brazil stood at 631,076 units, increasing by 19.8% q/q and by 7.95% y/y. Passenger cars was the largest segment with a market share of 75.42% in Q3 2023, followed by light commercial vehicles and heavy ...
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In the third quarter of 2023, the net revenue of Brazil's telecom industry stood at BRL 43.6bn, growing by 6.5% y/y compared to the third quarter of 2022 and by 2% compared to the second quarter of 2023. Mobile telephony services (including mobile ...
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In 2022 and 2023, African countries continued to face extreme headwinds, particularly coming from a combination of factors, including the lingering effects of the COVID-19 pandemic, the slowing global economy, and tighter global financial conditions ...
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Poland's transportation sector is characterised by a shift towards larger companies, offering opportunities amid the challenges. The market has witnessed global interest, with numerous mergers and acquisitions taking place. Challenges for newcomers ...
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The oil and gas sector fuels the economies of a number of countries in the ASEAN region, with the main players being Indonesia and Malaysia. Thailand and Vietnam are emerging as critical players, with growing exploration efforts and considerable ...
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In Q3 2023, total insurance premium income in Brazil saw an increase of 11.5% y/y to BRL 175.7bn. This rise was mainly explained by the recovery of the economy, as GDP rose by 2% y/y in the quarter. Life insurance premium income went up by 9.7% y/y ...
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