The newly established Dajia Insurance Group will absorb Anbang Insurance Group’s life, pension and asset management businesses, according to a May 2019 statement from the China Banking and Insurance Regulatory Commission. Dajia Baoxian, which translates to “Everyone Insurance,” will engage in businesses ranging from insurance underwriting to consulting and brokering. Some investment-type policies sold by Anbang in excess of quotas assigned by the government (for up to 724 billion

The OECD in April 2019 released its 2019 edition of the OECD Employment Outlook, which presents new evidence on changes in job stability, underemployment and the share of well-paid jobs available. The report also discusses the policy implications of these changes with respect to how technology, globalization, population ageing, and other mega-trends are transforming the labor market in OECD countries. The report also focuses on how labor market regulation

According to the OECD’s latest Employment Outlook 2019, released April 2019 as part of the OECD’s Future of Work initiative, governments need to overhaul their approach to employment and jobs to reduce further social and economic tensions. Without rapid action, many people, particularly the low skilled, will be left behind. Among the findings of the report: A rising number of young people with less than tertiary educations in many

The U.S. Economy The Conference Board released its findings for the U.S. economy on 10 April, 2018. The group indicates that the U.S. economy has slowed a great deal since the middle of 2018, to just over 2 percent in the first half of 2019. Although set to see “solid though not spectacular performance this year”, 2019 data so far point to more challenging business conditions than 2018. While