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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 insurance sector in Colombia is a competitive market with established players of both local and foreign origin. Slowly, but steadily, insurance products are gaining relevance in Colombia, leading the sector to outgrow the national economy each ...
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In 2023, Brazil's banking sector faced a challenging yet active year, achieving significant financial results while navigating through economic difficulties. The sector reported a net income of approximately BRL 145bn, marking a peak in profitability ...
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Entering Colombia's automotive sector can be strategically approached through various modes. For instance, foreign manufacturers, such as Divemotor, representing brands that include Mercedes-Benz, have entered the market to expand and diversify their ...
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Brazil boasts the highest number of fintechs in Latin America, a status attributed to several factors that have fostered an ideal environment for the sector's emergence and growth. The country's large population and highly concentrated banking system ...
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The fintech sector in Latin America is showing signs of stabilisation and progress toward long-term solidity and resilience. Fintech startups cater to the unbanked population, and the region has seen dynamic regulatory developments, with more ...
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Latin America is a key region for the global mineral markets, thanks to its abundance of natural resources and relatively low domestic consumption. From Chile's and Peru's copper to Brazil's iron ore and niobium, and from Mexico's precious metals ...
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