I would like to start by referring to
a real case that I read in the press
about four weeks ago
also in honor of our teacher of
ceremonies
Manuel Aguilera and María Félix Navas is
a lady who had problems for
regularize your pension because the
The Mexican government has demanded that all
pensioners who have an account
individual current and Maria Felix
the bank denied the account
carry a credit card associated
and in the bank systems not
they contemplated issuing cards for
over 16 years old maría félix and going to
comply 117
this still seems like an anecdote
made us smile but how long
it does not see a politician
improving the present and going to visit
a neighbor who turns 100 for
obviously taking the picture with him makes
a lot, there are not too many
centenarians
This is what shows us that the
aging is no longer a problem of
future is a problem of the present is a
problem is something that we already have in the
society and that will configure the
society together with the revolution
technological
I believe that they configure in the elements
essentials of what we could
call the storm of change
the perfect storm the change that is
something we are already facing
and both elements aging and
technological development are very
related are actually feedback
to more technology more life and more life
more technological on this path towards
this technological and aging society
we are leaving a racing world
labor for life
unique professional experiences a
world of stable labor relations and
predictable a world where so far
we have supported
fundamentally the family and we have
sought protection in it and also
also in the state currently in the
state that we call welfare and for
what not in companies not what happens
it’s not easy for this to continue
being so
a long time ago in the dawn
of the twentieth century and the end of 19 23
protection that later came together in
the welfare system were designed and
they implanted not the truth that in that
moment the distribution system and the
mandatory membership that constitute
the basic elements still today of
public pension systems
they were the right answer and they were
an innovative and efficient response
also why because it allows
they allowed the automatic transfer
of resources directly from the
active workers towards those
who had already lost the ability to
work but the problem occurs
when the equation is unbalanced by
what because it reaches a lot more people to
the age of retirement and why those who
come live much more years than those
it had been planned in the case of Spain
according to statistics data during
the 20th century doubled the hope of
life at 65 or is above
21 years old
Well this is what we tell ideology
they are objective mathematical data and
statistics
I think this is a problem that we should
assume that it transcends politics is
true that some reforms have been made
very important but the strength of
population aging and of and of the
of digital revolution is so big that
the situation is not going to reverse but
will go more
it’s probably going to go over
life expectancy will continue to continue
increasing
in fact the debate has already opened
about the limits to life is
placing them to the actuaries who
we were so satisfied with having the
set at 120 years
good 120 years already seems like something
what is
practically surpassed there’s even
people who dare to predict the
death of good death is also going to
continue to increase the number of
people who reach retirement age
whatever is set by a
phenomenon that the actuaries we call
rectangular and mortality and
the normal people flattening the
death curve to ages
limit of life where supposedly
there will be one more lift or
less sudden what all this means
in terms of the people and the
groups the groups of individuals because
it seems that we are talking about a
authentic or punishment is not one of the
better news of the human race than
it also translates that in addition
translate into tangible data for example
the decrease in mortality
childish in the past makes half
century
one in five children in the world does not
has reached the age of 25 years
today is one in 20 thanks among
other things to massive access and already a
minimum cost to vaccines that have
eradicated diseases like smallpox
polio in tuberculosis and that
they have really killed a lot of people
along the history
is not bad news the explosion of
new technologies so
they have help for activities
human beings and the great horizons that
they open or it’s also true that what
they make a very substantial change
in the way of work
a change that results in the
accelerated destruction of companies
replaced by others fortunately and
in the generation of new jobs that
they already have an associate to a greater
rotation is quite difficult that everything
this does not affect the stability of the
income flow towards systems of
pensions you have to accept it
Therefore it is essential is
essential to accept that we have to
assume
a greater burden of responsibility
and individual institute as
we call what we can call the
planning and cycle management
economically live in this cycle the
passivity life in passivity to win
weight to the detriment of what the
years active and also work in
active will be more irregular
we better make a distribution
rational of the income that we be
able to generate throughout our
active life let’s not pay attention to this
because until now the truth is that some
and others have been justified thinking that
this was something that was already happening in the
long term and good something is us
would happen by then not but what
true the certain thing is that the long term
it’s here very soon we’re going to
start to retire I know
baby boomers and we’re going to do it and
this will aggravate the problem with some
higher pensions than those that are
charging and current pensioners do not
Or at least I hope so
the fact that we put the focus on the
individuals in the responsibility not
means leaving abandoned to your fate
the weakest certainly not
that fair insurance insurance represents what
opposite because it is based on the
solidarity principle with
those affected by natural catastrophes
solidarity with those affected by the
illness and other contingencies or
death
lately there’s a lot of talk about economics
collaborative and I have to say that the
sure is the main example
historical collaborative economy
we carry in our DNA
what happens is that we call it from another
mutual way itself which is a term
old the truth that insurers
we have never been given too well what
to put names to things
we continue with our sinister rescues
mathematical provisions fi the beginning
mutual what yes
is the pooling of resources
to face future contingencies and
although the important thing is the essential
vocation of sharing
The truth is that these resources have
to be administered there has to be a
specialized manager to calculate the
contributions to the funds that I calculated
copper and that the funds collected
process the benefits that the father
In short you need a manager that goes
to be the insurance company that is
the insurance company that also
you have to try to optimize
financially those resources to and that I
It reminds us that insurers
We are specialists in the management of
long-term savings because the reserves
insurance they are susceptible to
invest in less liquid assets
assets with infrastructures in
projects that have or require a
Pre a longer ripening process
not there we have an opportunity to
help society to help the
collectivity to get their priorities
precisely in our performance as
institutional investor going even
further away from the concept of
corporate social responsibility for
get to what is now also
putting on hbo what is the value
shared with society e from the
origin the truth that insurers
We have been when we are
taking care of gathering information from the
reality of collecting data from the
historical experience and put it to
disposition and project them into the future
why the big data phenomenon
It is also in our DNA
we have not called it that way a
more time practicing
since many years ago that
that we are doing what we have been
doing but managing and projecting the law
of the big thing why it makes sense that
insurers lead the process and
use
immediately intensive of the big data no
and it is true that here we have
Neglected or a little but still
we are in time to react not
another big challenge related to the big
data is the internet of things because
also affects the quantity and quality
of information we need to
develop the insurance activity and
it forces us in fact to reinvent ourselves in
what is the quantification of the
risks and the calculation of the premiums well
Hey
the truth is that in this situation in
the one that we are currently where as
the consultants say the disruption is
is becoming the new normal and
where the change accelerates
exponentially because there is no longer
think and you no longer have to think and act
both in and the function of how the
things are but how are they going to be there
the insurance bet for innovation
it has to be decisive and can not be postponed
and concretely returning to the topic of
pensions has to be inexcusable
that commitment to innovation in what
we would call the phase of that accumulation
which is where insurers have to
assume the maximum role through
of your rent solutions the rents
they are from the point of view the solution
ideal to solve the problem of
insufficient income to the
retirement and why then first
because annuities are what they pay
public pension systems and
therefore it is what we have to
complement and secondly by the
own advantages that rents offer
to the citizens
I’m going to quote only two the first the
annuity allows the coupling
perfect of the accumulated wealth for
retirement to the actual duration of the
life is to say nor survive our
patrimony ni closed richer the
cemetery
that does not allow the annuity
the second advantage was discovered by me
retiree of mapfre
from the non-life area when he told me
that he was going to hire us an income
life of this man
we have convinced said not what happens
I do not want to be looking at all the
days that the bag does to know
how much can I spend that month
The truth is that the material is
for life we have to make an effort
for improving our communication with
our customers with citizens
not always without losing sight of what
priority is safety and
solvency that is to say we have to arrange
of adequate technical mechanisms that
allow us to overcome an eventual
disruptive evolution again of the
longevity so we have to
apply innovation in rents
to adapt it to new ways of
life in passivity
maybe not so much death of death
and it’s over but I’m still in
repeating that in the society of
aging
the truth that the new the the
technology represents a magnificent
opportunity for insurers because
allows us to allow us
develop with the maximum potential
our historical capabilities always
putting the person as the center of the
innovation and on the other hand the
insurers the insurance is the best
lever to avoid situations of
poverty and social exclusion and
in this stage win longer than the
lifetime
if we succeed in this mission we
will thank many people among them
maría félix new that with its thousand 200
monthly support weights 56 euros
I think this information has won it for sure
who has other needs
also in the current account and the
credit card
thank you very much
me
”
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