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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.
According to the International Renewable Energy Agency (IRENA), Brazil ranked third globally in 2023 for renewable energy installed capacity, totalling 194,084 MW, behind only China (1,453,701 MW) and the United States (385,204 MW). This achievement ...
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The real estate sector plays a sizeable role in the Brazilian economy, accounting for around 7.6% of the country's GDP in 2024, although this figure was well below the 8.4% share registered in 2019. From 2019 to 2024, the real estate sector's real ...
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The Mexican oil and gas sector has undergone significant regulatory shifts in the last decade. The 2013 energy reform (under the administration of former President Enrique Peña Nieto) intended to foster competition by opening the sector to private ...
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In 2024, the Colombian economy began a recovery process, while annual inflation continued to decline, accompanied by a cautious easing of the monetary policy. Amid lower lending rates, credit disbursements showed a slight rebound. Loan quality ...
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Colombia's food and beverage sector accounts for 27% of the country's manufacturing industry. The sector has endured a complex and uneven performance, reflecting both global macroeconomic pressures and localised climatic shocks. The sector's Gross ...
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According to a Swiss Re report from 2023, Brazil was the 12th largest market in the world in terms of insurance premiums written, mainly due to its large population. In terms of density, however, Brazil lags behind its regional peers and developed ...
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In 2024, Brazil's banking sector navigated a challenging yet rewarding year, delivering strong financial results amid a backdrop of high interest rates and renewed monetary tightening. The sector reported a net income of approximately BRL 327bn, the ...
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Brazil's information technology (IT) market remained in 10th place globally in 2024, reaching a market value of USD 58.6bn, according to the Brazilian Association of Software Companies (ABES). The number of businesses focused on software development ...
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According to the International Energy Agency (IEA), demand for global electricity grew by an estimated 4.3% y/y in 2024, up from 2.5% in 2023, driven by expanded electrification globally. Most of the 2024 growth came from emerging economies, ...
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In 2024, electricity generation in Latin America and the Caribbean (LAC) grew by 5.5%, primarily driven by the expansion of wind and solar photovoltaic plants, as well as an increased share of natural gas in the energy matrix. In order of ...
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