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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-depositar༺y 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 bro༒kerages, pension funds, health and welfare funds, monetary authorities, stock exchanges, and collection and credit agencies.
Brazil is🔜 a relevant player in the global IT market, accounting for 2.1% of the sales of hardware, software and IT services worldwide in 2018. T𓆏he country holds the ninth position globally, while ranking first regionally with a 42.8% share ...
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Brazil is among the leading players in ൲the global metal processing industry. The country w♓as not only the ninth largest crude steel producer in the world and the sixth leading net steel exporter in 2019 but also one of the top 20 primary ...
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Construction is the sixth largest economic sector 🐭in Colombia, accounting for 6.3% of the country’s GDP, 5.8% of total FDI inflow and 7.2% of formal employment in 2019. However, due to its stagnation in the last three years ...
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Indonesia’s insurance secto🌼r generates less than 1% of the country’s gross domestic product (GDP). Its penetration and density rates are below the average for the region. 🍬With gross insurance premiums at 1.99% of GDP versus 3.9% ...
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China’s transportation sector is almost entirely dominated by state-owned corporations, as its development is viewed as a major driver for ▨the country’s economic growth. The transportation sector achieved remarkable improvements ...
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In the second quarter 2020, China’s healthcare sector continued be challenged by the COVID-19 pandemic. As the coronavirus ꦜhas been affecting the socio-economic reality in the country, in July 2020 China’s State Council released ...
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In 2019, Colombia consolidated its positions as the second-largest motorcycle producer in Latin America, after Brazil, and the fourth-biggest manufacturer of💧 four-wheel vehicles in the region. During the year, theও domestic vehicle sales ...
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The Philippines’ tourism sector has been the focus of Pr﷽esid𝔉ent Rodrigo Duterte’s Government as one of the key sectors of economic development. Government intentions are visible in various tourism development plans ...
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The infrastructure sector is an essential support function for industrial and economic develop🌺ment. Its segments include pipelines, telecoms, power transmission and transpoဣrtation infrastructure. While there can be some aspects of general ...
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The performance of China’s property market to🉐ok a heavy blow in terms of investment, new starts, sales and land market in Q1 2020, strongly impacted by the outbreak of COVID-19. However, the situation turned around in the second half ...
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