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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 telecommunications sector is among the industries least impacted by the COVID-19 pandemic, as the lockdown measures encouraged the demand for online communication. In Q2 2021, the total revenue of the telecommunications sector ...
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As the global epidemic is being contained and China’s economic growth has returned to normal, the growth of the country's healthcare sector is likely to gradually slow down to pre-pandemic levels. In the second quarter of 2021, the ...
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Egypt is located on the main trade route between Asia and Europe and has rich natural resources, especially with regard to renewable energy. However, during the decades of state monopoly in the infrastructure sector, the country ...
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The Colombian oil and gas sector is a traditionally export-oriented industry of great importance for the country’s foreign trade and economic activity. In 2020, the sector accounted for 4.3% of the country’s GDP and 28.1% of ...
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Thailand is the largest producer of four-wheel vehicles in the ASEAN region and the 11th largest vehicle producer in the world. Additionally, the Thai four-wheel vehicle market is the second-largest in ASEAN and the 17th-largest market in ...
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In the second quarter of 2021, the sales revenue of China’s retail sector reached RMB 10,668bn, representing a y/y increase of 13.9%. Compared to the second quarter of 2019, before the coronavirus crisis, this indicator ...
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Brazil’s insurance sector continued to grow in 2019, with total premiums reaching 6.7% of the country’s GDP. During the year, total insurance premium income rose by 9.9% y/y to BRL 489.1bn, posting its best performance in terms ...
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