As of October 2023, the OECD unemployment rate was 4.9%, remaining under 5.0% since July 2022​​. This stability is significant for the insurance and pensions sector as it indicates a relatively stable labor market. However, the number of unemployed persons reached 33.4 million, the highest in 2023. The disparity in unemployment rates among OECD countries is notable, with rates rising in 14 countries, unchanged in 9, and declining in

The OECD’s “Pensions at a Glance 2023” report presents a detailed analysis of pension systems, demographic trends, and policy reforms among its G20 member countries. Here’s GBV’s comprehensive analysis based on the key findings from the report: 1. Pension Reforms and Retirement Age Adjustments Increasing Retirement Ages: Many OECD countries continue to increase retirement ages. For example, Sweden raised its retirement age and linked it to two-thirds of life-expectancy

In a significant turn of events, Cigna Group has ceased its efforts to merge with fellow health-insurance provider Humana. Initially poised to form a colossal entity valued at approximately $140 billion, the deal’s dissolution arose primarily due to disagreements over financial terms. Despite prior discussions hinting at a possible closure by year’s end, the proposed cash-and-stock transaction faced skepticism, particularly concerning the use of Cigna’s stock as a part

The comprehensive analysis of the “Vitality in America” study, commissioned by The Cigna Group, reveals crucial insights into the state of vitality among Generation Z and other American adults. This study, conducted in June 2023, surveyed 10,000 adults and used the Evernorth Vitality Index (EVI) to measure health and well-being across eight dimensions: emotional, environmental, financial, intellectual, occupational, physical, social, and spiritual. Generation Z’s Vitality Metrics Mental Health Challenges