Risk management is the process of identifying, analysing, accepting, mitigating or transferring uncertainty in investment decisions. Fund managers apply risk management by analysing and attempting to quantify the potential loss of an investment and then acting accordingly.

Institutions are being transformed thanks to the integration of new technologies. This vision represents a corporate change with a social impact, reducing costs, simplifying processes and procedures, and raising awareness of the importance and benefits of this transformation.

Article 12 of Law No. 5508 on the Promotion, Protection of Maternity and Support for Breastfeeding establishes that maternity allowance should be paid to employed women by the social security scheme of Paraguay’s Social Insurance Institute (Instituto de Previsión Social – IPS). This amount is equivalent to 100 per cent of her salary at the time of delivery, and is paid for the prescribed months of rest. This used to be given to women in a single payment.

An electronic certificate (e-certificate) is a way for disabled people to get an assistive device (AD), which can be used in addition to existing support methods, i.e., in kind or with compensation paid for the rehabilitation product that a person has bought himself/herself.

The issue of population growth and social security planning is one of the biggest challenges facing governments today, and is a key part of a good social security system that instils confidence in its members.

The Retirement and Pension Fund for Employees of Banks and Related Institutions (Caja de Jubilaciones y Pensiones de Empleados de Bancos y Afines) (Bank Fund, hereinafter) is in constant communication with its members. It therefore continuously updates its databases, in order to have a better understanding of members’ current realities, experiences and needs.

Digital transformation is happening in institutions through the integration of new technologies. This vision represents an institutional and social change, optimizing available resources, reducing costs, shortening processes and procedures, and raising awareness of the importance and benefits of this transformation.

Good practice in health – service quality.

As health-care systems have evolved to become more complex and due to the resultant increase in patients coming to harm in health care settings, patient safety has emerged as a health-care discipline.

The Actuarial Advisory Office (Asesoría Actuarial) of the Social Insurance Institute (Instituto de Previsión Social – IPS) carried out an actuarial valuation of the Common Retirement and Pension Fund (Fondo Común de Jubilaciones y Pensiones). The valuation looks to comply with international best practices and observe the guidelines and standards of the International Standards of Actuarial Practice 2 (ISAP 2), and the ISSA-ILO Guidelines on Actuarial Work for Social Security, with technical support from the International Labour Organization (ILO).

An “Electronic Employment Record Book” (EERB) is one of the main projects of the Pension Fund of the Russian Federation (PFR) that has been successfully implemented for almost two years now. This is a new format for recording information on citizens’ employment.

An EERB provides to employees and companies constant and convenient access to information about professional activities and eliminates outdated forms of personnel records, and the additional costs for employers associated with this process.

Like most of the world’s countries, Paraguay has adopted lockdown measures to prevent the spread of COVID-19. These steps taken by the government have impacted the productive sector, leading to mass suspensions of employment contracts for persons insured with the Social Insurance Institute (Instituto de Previsión Social – IPS) of Paraguay.

Paraguay’s Social Insurance Institute (Instituto de Previsión de Social – IPS) used to make sick leave payments at its administrative offices, which had associated administrative costs and meant beneficiaries had to visit the IPS service counter in person.

Social Navigator presents a new way of interaction with the social services recipients within the mobile application; a simple and convenient way for citizens to increase awareness about the activities of organizations and agencies providing services in the social sphere.

The technology for registration of travel for citizens with preferential category to the place of treatment and back on long-distance trains using electronic coupons of the Social Insurance Fund of the Russian Federation (FSS RF) is a joint project of the FSS RF, the Open Joint Stock Company Russian Railways (JSC RR) and the Joint Stock Company Federal Passenger Company (JSC FPK). Since 2018, it has gradually spread to all regions of Russia.

Personal Information Navigator for persons injured at work is a project of the Social Insurance Fund (SIF) of the Russian Federation that started in 2017 and was extended to all the regions of Russia in 2021. The main goal of the project is to introduce a system of advance notice for persons who suffer from labour accidents through which the regional offices of the SIF of the Russian Federation can inform them of their rights to technical means of rehabilitation, prosthetic and orthopaedic devices and other such appliances, whether as initial supplies or as replacements.

A basic principle of the compulsory health care system in the Russian Federation is the state guarantee of insured persons’ rights for obtaining affordable and qualified medical aid within the scope of Compulsory Health Insurance (CHI).     

Today, the Russian Federation actively introduces patient-oriented models of public health care services aimed at providing patient-specific assistance for each insured person.   

The implementation of improved services by local authorities of the Pension Fund of the Russian Federation (PFRF) is aimed at providing the absolute majority of citizens with the opportunity to receive pensions without having to be physically present at a local PFRF office. Now, the granting of pensions is only based only on an extract of the insured person’s individual account which contains the required full information to award the pension such as length of service, wages and insurance contributions.

Current actuarial practices in the Pension Fund of the Russian Federation (PFRF) lack an adequate regulatory framework. The ever changing pension legislative environment require that actuarial valuations should be conducted based on the approved regulatory guidelines which detail each stage of the actuarial process.

The technological platform has been upgraded and enhanced several times to ensure that this objective was realized. However, many of the processes were still largely reliant on paper and they were not as seamless and efficient as we would have liked them to be.

The cards include the attachment of the Pension Fund which contains the card user's personal insurance account number. Using this attachment and the supporting technological infrastructure, members of the public can submit account queries and receive answers. Typical queries are, for example, a request for an account statement, application .to have the moneypurchase portion of the pension invested on the stock market, etc.

This is aimed chiefly at women who engage in Agriculture and men who pursue fishing as a principle means of making a living and others who are involved in small businesses and industries, but who may not be covered or are only partially covered.

The valuation of the balance between the acquired pension entitlements and liabilities of the mandatory pension insurance system is conducted on the basis of the Pension Fund’s (PFR) actuarial model, developed and verified by a specialized department of the PFR - the Department for Actuarial Valuations and Strategic Planning. This model is a unique product and enabler to accumulate every specific option of pension entitlement valuation under the national pension legislation.