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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 chemical industry is the third largest industrial sector in Brazil, following the food and beverage industry and petroleum products manufacturing, according to data presented at the 2024 Annual Meeting of the Chemical Industry held by the ...
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In 2023, Brazil's electric energy sector recorded an installed capacity of 225.2 GW, reflecting a 9.6% y/y increase from 205.5 GW in 2022, marking the largest single-year expansion since the EPE's inception in 2004. Renewable energy sources ...
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Brazil's transportation sector is a fundamental pillar of the economy, supporting the country's position as a global leader in agricultural and mineral exports. In terms of the sector's structure, road transport dominates, handling 64.9% of domestic ...
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In Q3 2024, Brazil's total insurance premium income grew by 11.3% y/y, reaching BRL 193.4bn, driven by the strong expansion of the country's economy, with real GDP rising by a seasonally-adjusted 3.4% y/y during the quarter. Life insurance premium ...
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In Q3 2024 the Brazilian retail sector showcased a mix of resilience and vulnerability, shaped by shifting consumer behaviour, inflationary pressures, and evolving market dynamics. According to the Brazilian Institute of Geography and Statistics ...
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Fintech companies have become catalysts for transformation, bringing solutions that aim to make financial services accessible and increasing financial inclusion. The fintech sector in Brazil encompasses a diverse range of players and services, ...
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In Q2 2024, Brazil's total insurance premium income grew by 14.9% y/y, reaching BRL 183.2bn, driven by the strong expansion of the country's economy, with real GDP rising by a seasonally-adjusted 2.8% y/y during the quarter. Life insurance premium ...
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The automotive sector in Brazil witnessed a very positive performance between July and September 2024. In Q3 2024, sales of new motor vehicles in Brazil reached 715,052 units, increasing by 13.3% y/y and by 13.6% against Q2 2024. Passenger cars were ...
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Brazil's agribusiness sector has solidified its position as a global powerhouse, contributing significantly to the country's GDP and employment. In 2024, the sector's gross value of production (GVP) was expected to reach BRL 1.29tn, reflecting a ...
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