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Labour Market Flourishes: Record Highs in OECD Employment and Participation Rates
In recent years, the global employment landscape has seen a myriad of ups and downs. However, the Organisation for Economic Co-operation and Development (OECD) countries have emerged as beacons of hope and resilience in the global labour arena. The most recent data for the second quarter of 2023 confirms this trend, showcasing record-breaking numbers in both employment and labour force participation rates. Soaring OECD Rates As of the second
Bharti Set to Acquire AXA’s Share in Partnership
Bharti Life Ventures is on track to secure full ownership of Bharti AXA Life Insurance Company. On Wednesday, Bharti Group announced a definitive agreement to purchase AXA’s 49% share in the life insurance entity. This move follows the 2020 decision by Bharti and AXA to integrate Bharti AXA General Insurance with ICICI Lombard and AXA’s subsequent departure from ICICI Lombard’s shareholder list. The deal is anticipated to finalize by
APRIL International Celebrates a Year of Triumph with Esteemed Health and Protection Honour
APRIL International, a leading French and global health insurance provider, is proud to share its recognition as the Top International Individual Health Insurance Provider at the Health & Protection Awards 2023. This distinguished honor complements the firm’s growing list of accolades, including a consecutive 5-star service rating in the 2023 International Private Medical Insurance Report by Health and Protection. Recently, APRIL International held its debut broker conference in London.
Aon 2024 Report shows 10.1% increase Medical Plan Unit Costs – highest since 2015
Aon’s 2024 Global Medical Trend Rates Report, conducted across 113 Aon offices, provides insights into the anticipated percentage increases in medical plan unit costs. These projections account for factors such as medical price inflation, technological advancements in the medical field, and shifts in plan utilization patterns. In the aftermath of the pandemic, the world has witnessed significant inflationary conditions and economic volatility. Despite signs of recovery, unstable economic conditions
OECD: G20 GDP Growth Continues at a Steady Pace in Q4 2023
The Organization for Economic Cooperation and Development (OECD) in March 2023 announced that the G20 gross domestic product (GDP) increased by 0.7 % quarter-on-quarter in the fourth quarter (Q4) 2023 according to provisional estimates, a slight dip from 0.8 % in the previous quarter (Chart 1). Economic performance across G20 economies was mixed in Q4 2023. China’s GDP growth eased to 1.0 % (down from 1.5 % in Q3)