Cuantificación del riesgo de longevidad bajo la normativa de Solvencia II en el Sistema de Pensiones Ecuatoriano: Un enfoque hacia el sistema de capitalización individual.

Abstract

The increase in life expectancy has brought several consequences in the pension system around the world, as a result, the pension systems are forced to comply with more benefits than estimated, thereby people living longer causes instability in the system and generates unexpected losses. In this paper we will introduce the idea x x of benefiting from the Solvency II regulation which focuses on the idea of mitigating possible losses through three fundamental pillars. In pillar I, the main subject of this work, we will quantify the longevity risk using the standard formula proposed by the regulations and the results will be analyzed through a sensitivity analysis. Finally, the pensions of individuals are estimated through a system of individual capitalization because it maintains the financial-actuarial equilibrium, this system as a proposal to an alternative to the distribution system currently in force in Ecuador.