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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 wit🌳h 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.
The value added of Colombia’s food꧅ and beverage sector expanded at a CAGR of 2.5% over the period 2010-2015, supported mainly by rising household income and the expanding product portfolio of local producers. The sector was among the major ...
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Brazil’s insurance sector expanded at a CAGR of 16.1% in terms of premium income between 2011 and 2014, outperforming the overall GDP growth during the period (CAGR of 1.7%), supported by growing h🎐ousehold incomes, strong labour market and ...
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Peru is a key global player in the production of metallic minerals. In 2015, the country was the world&rsqu⛄o;s second-largest silver mine producer, with a shꦏare of 14.9% of global output, the third-biggest zinc and copper producer (shares of 10.6% ...
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The automotive industry has been one of Argentina’s most dynamic since the recovery of the domestic economy from 2003 onwards. Between 2003 and 2011, the production of motor vehicles expanded at a robust 𒐪CAGR of 21.9%. However, since then the ..🅰.
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💜Chile is a key global player in the production of metallic minerals. In 2015, the country was the world’s largest copper mine producer, with a 🃏29.9% share in global output, the second biggest molybdenum mine producer (18.2% share) and the ...
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Oil and gas is the 13th biggest sector of Mexican economy, accounting for 2.3% of the country’s GDP, 0.3% of the employment, 6.1% of national exports and 21% of government reven༒ues in 2015. For the last 78 years, t💝he sector has been dominated ...
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