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.
In 2019, Mexico consolidated its position as the world’s sixth-largest vehicle manufacturer, with an output of 3.95mn units. During the year, strong foreign demand – especially from the US – was the major driving force for ...View more details
The gross output of Poland’s wood, paper and furniture industry stood at 6.7% of the country’s GDP in 2018. In the same year, it also accounted for 12.3% of employment in manufacturing and 2.5% of total employment in the Polish economy. ...View more details
China is further extending its lead as the largest ICT market globally, leading in terms of number of mobile and internet users, while still retaining a lot of potential. The sector is of fundamental importance to the development of China’s ...View more details
The insurance sector of India has a deep-rooted history. Life insurance emerged in the country in 1818 with the establishment of the Oriental Life Insurance Company which failed in 1834. General insurance arrived in the country with the establishment ...View more details
In the first quarter of 2020, the chemical sector in China was seriously affected by the spreading coronavirus outbreak, which in March 2020 was officially confirmed as a pandemic. It led to highly volatile global economic and financial conditions. ...View more details
The food and beverage industry is one of the largest sectors in the Colombian economy. Between 2014 and 2019, the sector’s GVA rose at a CAGR of 2.03%, boosted by growing domestic demand and higher household incomes. The best-performing segment ...View more details
After being hit by one of the worst economic recessions in its history in 2015 and 2016, Brazil has started to gradually recover in 2017, achieving a mild GDP growth of 1.2% in average during the 2017- 2019 period. However, the infrastructure sector, ...View more details
China’s consumer electronics sector has a growing importance in the country’s overall industry and is a crucial part of the nation’s strategic movement towards a high-quality economy, where Made in China stands for innovative ...View more details
The agriculture sector contributed 7.3% to Malaysia’s GDP in 2019, down from 8.3% in 2015 and 10% in 2010. With a share of 36.5%, palm oil was the major contributor to agricultural sector GDP in 2019, followed by livestock (15.9%), and fishing ...View more details
India reported an installed capacity for electric power generation of 356.1 GW in FY2019, rising by a CAGR of 6.68% from FY2015 to FY2019. Gross electricity generation was 1371.8 TWh in FY2019, growing at a CAGR of 5.27% from FY2015 to FY2019. India ...View more details