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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 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 2022/2023 season marked a significant milestone for Brazil's agribusiness sector, with record-breaking yields for grain and soybean production, robust growth in the meat export market and resilience in fish farming. The grain harvest concluded in ...
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Brazil has become a leading player in the global oil and gas markets, thanks to the continued development of its massive pre-salt reservoirs. The country is mostly focused on crude oil production, which accounts for more than a third of its primary ...
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Brazil is the largest pharmaceutical market in Latin America, with retail drug sales of USD 33.1bn in 2022. Brazil's pharmaceutical and healthcare sector faced several challenges during the COVID-19 pandemic, including shortages of drugs and active ...
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In Q2 2023, total insurance premium incomes in Brazil saw an increase of 8.4% y/y to BRL 159.5bn. This rise was mainly explained by the recovery of the economy, as GDP rose by 4% y/y in the quarter. Life insurance premium income went up by 2.5% y/y ...
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In the second quarter of 2023, the net revenue of Brazil's telecom industry stood at BRL 42.7bn, growing by 7.2% y/y and by 0.7% compared to the first quarter of 2023. Mobile telephony services (including mobile broadband services) accounted for 49 ...
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According to the Monthly Survey of Trade (PMC) by Brazil's Statistics Office (IBGE), in September 2023, the retail trade in Brazil witnessed a 0.6% growth in sales volume compared to August 2023, adjusted for seasonal variations. This marked a ...
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The Brazilian fintech sector features a variety of players and services. Despite the large number of companies operating through online platforms and providing innovative financial services in Brazil, only 210 of these firms were being monitored by ...
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In Q2 2023, sales of new motor vehicles in Brazil reached 526,782 units, increasing by 11.7% q/q and by 2.8% y/y. Passenger cars was the leading category with a market share of 73.6% in total sales during Q2 2023, followed by light commercial ...
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