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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.
China’s successful recovery from the COVID-19 outbreak back in mid-2020 had a positive effect on its economic performance as well as on separate sectors, including healthcare. China’s GDP managed to return to a usual pre-pandemic ...
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In the fourth quarter of 2020, the air passenger traffic fell by 15.8% y/y to 137.2mn persons, mainly due to a decline in demand for international passenger. The international passenger traffic in Q4 2020 plummeted by 97.2% to 0.5mn ...
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The revenue of China’s electronics manufacturing industry, which includes the mobile communications equipment sector, rose by 30% in Q1 2021, according to MIIT. The export value during this period increased by 31.1% y/y. At end-March ...
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Brazil has been a pioneer in developing biofuels as an economically viable alternative to fossil fuels since the introduction of flex-fuel (dual-fuel) vehicles in the country in 2003. Ethanol in the country is produced mainly from sugarcane ...
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Mexico's electric power sector is at a crossroads. The sector experienced an investment frenzy after the passing of the energy reform in 2013, a constitutional amendment that opened electric power generation to private competition. However, ...
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Malaysia has a long-established insurance sector, with some leading insurers present in the market for over a century. Malaysia also has a world-leading takaful* industry, in line with the government’s ambitions to turn the country ...
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Poland’s chemical sector is important both domestically and internationally. In 2019, it was the eighth biggest market in terms of chemicals sales in the EU. It is also an important producer, primarily due to a few large domestic ...
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Although Indonesia has abundant metal resources, its metal processing sector is underdeveloped. The country mainly exports lower value-added minerals and imports higher value-added metal products. To squeeze more value from its metal ores ...
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The fintech sector in Brazil has gained attention in recent years, as it continues to develop pioneering solutions for underserved demands through technological innovation. Financial and monetary supervisory bodies have tried to follow ...
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Brazil’s automotive sector was among the industries hit hardest by COVID-19. It suffered from disruptions in global supply chains, lockdown restrictions and falling domestic vehicle sales. As exports also underperformed, mainly as a ...
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