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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.
Steel sector is both the backbone of Indian economy as well as a growth promising sector. The growth of the sector is well supported by the availability of raw material such as iron ore and cost effective labour in the country. The government has ...
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The COVID-19 pandemic underlined the inefficiencies of the Brazilian pharmaceutical and healthcare sector. In drug manufacturing, many pharmaceutical companies took a hit in profitability. They struggled to meet demand as global supply chains were ...
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Thailand’s pharmaceuticals and healthcare sector has developed considerably over the past few decades. The Thai government initiated its plan to deliver universal healthcare to all Thais in 2002, which has proven so successful that more than 99 ...
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Latin America plays a minor role in the global metal processing sector, mainly due to the relatively low penetration of heavy industries in the region and the sluggish economic performance of the region’s economies ever since the end of the ...
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In FY2019, the Indian automotive industry registered new record high volumes in output and domestic sales. However, the economic deceleration in FY2020 ended the growing trend of the industry which was partially compensated by a new record high in ...
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Following the record 2019, the year 2020 saw a significant reduction in investment volumes. However, with transactions worth EUR 5.3bn, Poland still accounted for approximately 50% of the CEE-6 region’s total. The sector’s GVA ...
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Russia is the fifth largest car producer in Europe due to its sheer size and motor vehicle production localisation policy, which has attracted major global automotive concerns such as Mercedes Benz, Volkswagen, Groupe PSA, Renault, ...
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Russia’s healthcare expenditure grew significantly in 2020, mainly reflecting increased spending related to the COVID-19 pandemic. Total spending on healthcare surged by nearly a fifth to RUB 6.2tn in 2020, equal to 5.8% of the country’s ...
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Russia holds the world’s largest natural gas reserves, equivalent to a fifth of the global total. In 2020, the country ranked second in terms of gas production falling behind only the US, contributing 17% to the global gas output. The vast gas ...
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The Philippines’ real estate sector contracted by 6.8% y/y in 2020 because of the COVID-19 pandemic. However, the market is anticipated to bounce back by 2022 as a result of an anticipated rise in demand from industries such as IT-BPM and ...
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