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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 int🅷ermediation 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 2015, Chile was the sixth largest pharmaceutical market in Latin America in terms of sales volume, with 278mn units sold, and the seventh biggest in terms of sales value, with USD 1.53bn, based on ex-factory pricꩲes (USD 2.32bn, based on retail ...
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Тhe transportation sector has emerged as one of the driving forces of Chilean economy, expanding its value added at a CAGR of 5.9% between 2010 and 2015, and reaching a share of 4.9% in the country’s GDP in 2015. In the 2015-2016 Global ..🐠.
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Chile is a key global player in the prod𓆏uction 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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