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Kingdom of the Netherlands-The Netherlands: Financial Sector Assessment Program- Technical Note on Insurance and Pension Fund Regulation and Supervision

Autor: Fondo Monetario Internacional (FMI)
Año: 2024
Resumen: This paper highlights a technical note on insurance and pension fund regulation and supervision in The Netherlands. The Dutch insurance sector is undergoing further consolidation, the life sector has been steadily shrinking over the last two decades, and the non-life market is relatively saturated. Investment exposures to real estate are increasing, and Dutch insurers are large providers of mortgage loans. Solvency ratios of Dutch insurers are well above the regulatory threshold, but below the EU average and furthermore distorted by the mechanics of the ‘Long-Term Guarantee Measures’ in Solvency II. The Dutch pension system—considered to be among the best according to international comparisons—rests on three pillars. Most pension schemes are defined-benefit pensions, which have come under pressure since 2008, when low interest rates resulted in declining funding ratio and led to an overall loss in confidence in the system. The Dutch system for independent state agencies, including De Nederlandsche Bank and Autoriteit Financiële Markten, carefully balances powers and accountability. Supervision of insurers and pension funds is effective in the Netherlands.

Fuente: Fondo Monetario Internacional (FMI)
Clasificación: Seguro
Tipo de Publicación: Notas de Pensiones
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Stepping Up Venture Capital to Finance Innovation in Europe

Autor: Arnold, Nathaniel; Claveres, Guillaume; Frie, Jan
Año: 2024
Resumen: Relative to the US, productivity growth and investment in R&D in lagging in the EU, where it is more difficult to finance and scale up promising, innovative startups. Many of the most successful EU startups move elsewhere for financing, causing the EU to lose out on both the direct growth benefits and positive spillovers from these innovative firms. The EU could nurture innovative startups by accelerating the development of its venture capital (VC) ecosystem. Reducing regulatory frictions, especially ones that deter pensions funds and insurers from investing in VC, combined with well-designed tax incentives for R&D investments could help accelerate the development of the VC sector. These and other key CMU initiatives, such as the consolidation of stock markets and reforming and harmonizing insolvency regimes, will take time. Given the urgency to boost innovation, giving public financial institutions like the European Investment Fund a more active and expanded role in kickstarting VC markets where needed and in familiarizing investors with the VC asset class can be a helpful interim step.

Fuente: Fondo Monetario Internacional (FMI)
Clasificación: Fondos de Inversión
Tipo de Publicación: Documentos de Trabajo
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Navigating Minefields and Headwinds: National Security, Demographic Shifts, Climate Change and Fiscal Policy in Lithuania

Autor: Cevik, Serhan
Año: 2024
Resumen: Lithuania’s immediate fiscal challenges are national security and higher costs of borrowing, but fiscal prospects are further exacerbated by long-term pressures stemming from climate change and a shrinking and aging population. The country has experienced a rapidly decreasing population—from 3.7 million in 1991 to 2.8 million in 2023—and its old-age dependency ratio is consequently expected to increase from 33 percent in 2023 to 53.4 percent by 2050. The resulting long-term spending pressures are projected to amount to as much as 11.2 percent of GDP, which is about 30 percent of the current level of spending. Debt sustainability concerns would not allow financing additional spending with more debt. Hence, a comprehensive strategy will help address these long-term fiscal challenges, including tax policy changes to raise additional revenue while primarily reducing expenditure needs through pension and healthcare reforms.

Fuente: Fondo Monetario Internacional (FMI)
Clasificación: Demografía
Tipo de Publicación: Documentos de Trabajo
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To Think and Act for Future Generations

Autor: Gabinete de la Secretaría General de la Organización de las Naciones Unidas (EOSG)
Año: 2023
Resumen: The challenges that we face can be addressed only through stronger international cooperation. The Summit of the Future in 2024 is an opportunity to agree on multilateral solutions for a better tomorrow, strengthening global governance for both present and future generations. The present policy brief contains suggestions for practical steps to fulfil our long-standing commitment to meet the demands of the present in a way that safeguards the interests of future generations and preserves their ability to effectively enjoy all human rights. These include: an envoy to serve as a voice for future generations at the global level; better use of foresight, science and data; a declaration to define and make concrete our duties to future generations; and a dedicated intergovernmental forum to advance implementation of the declaration and share best practices. These suggestions build on Our Common Agenda and subsequent intergovernmental and multi-stakeholder consultations, reflected in the “Elements paper for the declaration for future generations”, prepared by the Permanent Missions of Fiji and the Netherlands to the United Nations. The brief responds to the questions raised by Member States during the consultations, including how to define future generations, how to balance our commitment to them with our duties to present generations, how the proposals advance our existing goals for sustainable development, gender, and human rights, and what outcomes are recommended for the Summit of the Future on this issue. This is the first of the Summit of the Future Policy Briefs.

Fuente: Organización de las Naciones Unidas (ONU)
Clasificación: Seguridad Social y Sistemas de Pensiones
Tipo de Publicación: Informes
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Addressing Violence Against Women Through Social Protection

Autor: Organización de las Naciones Unidas (ONU) Mujeres
Año: 2023
Resumen: In the wake of the “shadow pandemic” of violence against women and girls during COVID-19, policymakers, practitioners, and activists are searching for novel and effective ways to address violence against women (VAW), including in the context of ongoing crises and disasters. Social protection systems provide a wide range of policy tools and mechanisms that have the potential to address VAW. To date, however, this potential is largely unrealized. Policy discussions and practice on social protection and VAW remain siloed and evidence generation dispersed. Based on a phased scoping review of peer-reviewed academic and grey literature, which captured 48 articles focused on both social protection and gender-based violence, this policy paper brings the two fields together, to identify pathways for harnessing social protection to address VAW. In doing so, the paper enables policymakers to move beyond a focus on singular social protection interventions and towards a systems perspective that opens opportunities for preventing and addressing VAW through a broad range of social protection schemes, such as multisectoral coordination, accompaniment models, and training for social protection providers.

Fuente: Naciones Unidas
Clasificación: Seguridad Social y Sistemas de Pensiones
Tipo de Publicación: Documentos de Trabajo
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