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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.
Brazil has become a leading player in the global oil and gas markets, thanks to the continued development of its massive pre-salt reservoirs. The country is mostly focused on crude oil production, which accounts for more than a third of its primary ...
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In 2022, China's total retail sales reached RMB 43,973bn, which represented a slight decline of 0.2% y/y, mainly affected by the COVID-related lockdowns during the year. Due to the crucial role of consumption in the economy, the Chinese government ...
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The chemical sector is one of the critical pillars of the Chinese economy. Over the past two decades, China's chemical sector has maintained steady growth, driven by the increased demand from domestic and international markets. However, the rapid ...
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China is the world's second-largest aviation market after the US. In 2022, China's air passenger traffic and air freight traffic reached 251.7mn and 6.1mn tonnes, respectively, according to data from the Civil Aviation Administration of China (CAAC). ...
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China's telecommunications sector is relatively concentrated, with a few large state-owned enterprises. However, the government has also introduced new measures to allow more market participants in the sector to boost investment in emerging areas ...
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Brazil is the largest pharmaceutical market in Latin America, with retail drug sales of USD 33.1bn in 2022. Brazil's pharmaceutical and healthcare sector faced several challenges during the COVID-19 pandemic, including shortages of drugs and active ...
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Vietnam's national electricity development plan forecasts solar energy in the capacity mix to grow from 8.5% in 2030 to as much as 34.4% in 2050. Offshore wind is also expected to substantiate more of the capacity mix growing from 4% in 2030 to 16% ...
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Indonesia is relying on its oil and gas sector to fuel its energy-hungry economy. However, depleting hydrocarbons fields and a lack of significant new discoveries of reserves have seen Indonesia's oil and gas production decline in recent years. As a ...
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In Q2 2023, total insurance premium incomes in Brazil saw an increase of 8.4% y/y to BRL 159.5bn. This rise was mainly explained by the recovery of the economy, as GDP rose by 4% y/y in the quarter. Life insurance premium income went up by 2.5% y/y ...
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Malaysia has one of Southeast Asia's most advanced pharmaceutical and healthcare sectors. Malaysia's healthcare system is divided into two segments: a taxpayer-funded and government-run system and a private sector. The public system, managed by the ...
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