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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.
Brazil is the largest pharmaceutical market in Latin America, with retail drug sales of USD 27.1bn for the 12 months ending in June 2022. Brazil's pharmaceutical and healthcare sectors are transitioning into the post-pandemic period with some ...
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In Q2 2024, Colombia's GDP grew by 2.1% y/y in real terms, which was partly due to stronger household consumption growth, accelerating from 0.3% y/y in Q1 2024 to 1.2% y/y in Q2 2024. Despite a modest upturn, the commerce sector continues to face ...
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Brazil's transport infrastructure sector has seen an influx of private players following several waves of privatisation that began in the late 1990s, and looks set to continue with various actions promoted by the federal government to attract private ...
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Colombia was the fourth largest pharmaceutical market in Latin America in terms of sales value as of June 2022, and has a large and growing population. The country has a near-universal social security health insurance system, which suffers from ...
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In 2023 and 2024 economic activity in Latin America moderated after the post-pandemic rebound in 2022, and according to the United Nations Economic Commission for Latin America (ECLAC) the region's GDP is expected to grow by 2.1% in real terms in ...
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Between 2022 and 2023, Colombia's renewable energy sector entered a dynamic phase of transformation, marked by a strategic shift towards expanding the capacities of solar, wind and hydroelectric power. The country has seen a surge in investment and ...
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Colombia ranks highly in Latin America's electric power market due to its sizeable population and large hydropower resources. However, the reliance of its economy on fossil fuels and limited manufacturing hold it back from being a regional powerhouse ...
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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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