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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.
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As of 2022, Colombia's energy sector has shown consistent growth and resilience, with the energy sector contributing around 1.73% of the country's total gross domestic product (GDP). The country has made significant strides in expanding its renewable ...
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The COVID-19 pandemic had a negative impact on the Thai economy, reducing consumer expenditure and purchasing power. This had ripple effects on the ICT industry. In 2021, the mobile telecom subscriber base has regained momentum following a decline in ...
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In its October 2022 meeting, OPEC+ decided to cut oil production by 2mn bbl/day until the end of 2023 on concerns of demand despite a call from other nations to refrain from doing so. As a result, in October 2022, WTI averaged USD 87.55/bbl which was ...
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India's banking sector is composed of public sector banks, private sector banks, foreign banks, and small finance banks along with co-operative banks (urban and rural), and non-banking financial institutions (NBFIs). The sector is regulated and ...
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According to the International Renewable Energy Agency (IRENA), Brazil ranked third globally in 2022 in terms of installed capacity of renewable energy sources, totalling 175,262 MW. This notable achievement is primarily attributable to Brazil's ...
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The intrinsic potential of Brazil's tourism sector was clouded by the onset of the COVID-19 pandemic. The start of 2021 brought little relief to the sector, as in January of that year the mayors of Rio de Janeiro and Sao Paulo cancelled the carnival ...
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The real estate (property) and construction industry in Brazil has faced challenges in recent years, primarily due to the impact of Operation Car-Wash, an anti-corruption initiative that directly affected the industry. However, there have been signs ...
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In 2022, retail sales in Brazil rose by 1% y/y in volume terms, a relatively weak performance compared to the solid overall performance of the domestic economy, with GDP up by 2.9% y/y in real terms. Some of the sub-segments that achieved solid ...
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Brazil's IT market slipped to 12th place globally in 2022, totalling USD 45.2bn, according to estimates by US-based tech consultancy IDC. However, a promising outlook for 2023 is projected, with expected growth of 5.4% y/y, driven by connectivity, ...
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