Material Insights · Understanding the Material World

Finance: banking, insurance, markets: Sources

Banks, insurers, markets and payment rails that lend, insure and invest money

Sources

  1. Global Banking Annual Review 2026: Precision with speed McKinsey & Company, 2026
  2. Global insurance market 2024 turnover (reporting Swiss Re sigma 2/2025) Atlas Magazine, 2025
  3. India's insurance penetration needle remains flat at 3.7% in 2024-25 (reporting IRDAI Annual Report 2024-25) Business Standard, 2026
  4. Government says nearly 55.49 crore users onboarded on UPI as of June (Lok Sabha reply, Ministry of Finance) News On AIR (Prasar Bharati), 2026
  5. PhonePe, Google Pay combined UPI market share drops below 80% for first time Outlook Business (NPCI data), 2026
  6. Annual Report on Nationally Recognized Statistical Rating Organizations US Securities and Exchange Commission, 2019