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 Indian insurance sector is a vital component of the country's financial system, providing financial protection to individuals and businesses. It comprises both life and non-life insurance segments, each contributing to the economic stability and ...
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The oil and gas sector in Colombia is of great significance for the country, accounting for 4.8% of its GDP and nearly 30% of its exports value in 2022, according to data from Colombia's statistics office (DANE). After two years of troubled ...
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Amidst a backdrop of pandemic-induced challenges, Colombia's real estate and construction sector demonstrated resilience and growth during 2019 to 2022 but is now facing challenges in Q2 2023. GVA has decreased by 3.7% y/y compared to the same period ...
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The Colombian automotive industry is characterised by dissimilar levels of development at the segment level. Motorcycles are the main product of the Colombian automotive sector as the country kept its position as the second largest motorcycle ...
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According to the Monthly Survey of Trade by Brazil's Statistics Office (IBGE), in June 2023, the retail trade sector in Brazil demonstrated a certain degree of stability, as sales volume only increased by 0.3% y/y during Q2 2023. However, when ...
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In 2022, Brazil's automotive sector showed mixed signs of recovery from the negative effects of the COVID-19 pandemic. Motor vehicle output registered its second consecutive annual growth rate in 2022, albeit significantly below the pre-pandemic ...
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The consumer electronics manufacturing sector in Vietnam has been gathering significant momentum over the last couple of decades and as a result the country has become a top-tier global exporter of electronic equipment and components. The key drivers ...
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In 2022, Brazil's electric energy sector recorded an installed capacity of 189,126.6 MW, an increase of 4.1% y/y, constituting the second largest expansion since the Energy Research Company (EPE) was founded in 2004. Renewable energy sources ...
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