Using the conceptual framework based on the risks that pension systems are exposed to (proposed in the 2017 MAPFRE Economics report), this study updates the review of the six models that were analyzed then (Chile, United States, Spain, United Kingdom, Sweden and the Netherlands) and includes five new models (Brazil, Germany, France, South Korea and Japan). Further, the report includes the Retirement Pension System Pressure Indicator (“Indicador de presión sobre los sistemas de pensiones de jubilación” or IPSPJ in Spanish), developed by MAPFRE Economics for 45 countries, which helps to assess the degree of pressure said systems are exposed to, to begin their restructuring. Using this international comparison analysis as the foundation, the report provides a combination of public policy elements in order to make pension systems sustainable and stable in the medium and long term.
Insurance