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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 di💖verse financial investment activities. The sector also includes ins𒀰urers, re-insurers and insurance brokerages, pension funds, health and welfare funds, monetary authorities, stock exchanges, and collection and credit agencies.
In the fourth quarter of 2019, China’s production volume of active pharmaceutical ingredients (API) declined by 12.7% y/y to 633,000 tonnes, mainly due to the environment-driven production cuts. The decline in output dragg𒁏ed down the ...
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In the fourth quarter of 2019, China’s air transportation sector witnessed an overall posi🎶tive performance on the back of the stabl✅e air passenger travel demand and the positive developments in the US-China trade war negotiations, which drove ...
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T✱he mining sector is an important contributor to the Indian economy. India produces 95 minerals, including 4 fuel, 10 metallic, 23 non-metallic, 3 atomic, and 55 minor minerals. Although the mining and quarrying sector contributes just 2.4% oꦦf the ...
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Brazil has rich mineral resources, making it a relevant player in the global mining indus🅰try. The country ended 2018 with the world’s largest niobium reserves (80% of the total) and ranking second in terms of tantalum reserves (31%), iron ore ...
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In Q3 FY2020, the automotive output volume in India reached 6꧂.31mn units. This performance was well below the average production volume of the pre💃ceding six quarters (Q1 FY2018 to Q2 FY2020) which averaged at 7.56mn units. On a quarterly basis, ...
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India’s chemicals🎃 industry is highly diversified, covering more than 80,000 commercial products. It is broadly classified into basic chemicals, specialty chemicals and agrochemicals. Domestic chemical production is highly concentrated in the ...
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Turkey has small oil and gas reserves and relies on imports to fuel the growth of its economy. In order to secure the𓄧 availability of energy the government participates in large international projects with oil and gas-rich neighbours such as ...
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The Russian insurance sector remai🌼ns underdeveloped compared to global and even emerging market standards. The sector’s penetration, measured by the percentage of to🦋tal premiums to GDP, stood at 1.53% in 2018, below the world average of 6.09% ...
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Indian ICT is a dynamic sector which both shapes c🎀ustomer needs and reflects the country’s fastchanging demographic and social situation. More affordable smartp🌠hones and falling voice and data service prices have catered to this group’s ...
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In the past tw🌊o decades, Latin America has embraced a universal health strategy, based on the principles of equity, solidarity and collective action. This strategy required steadily growing public expenditure on health in order to guarantee universal ...
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