As societies globally grapple with demographic shifts, economic volatility, and growing income disparities, the importance of robust social insurance systems and pension fund governance has never been more critical. This comprehensive training program—Social Insurance and Pension Fund Governance Strategies—blends the key insights from two domains: Social Insurance and Risk Management, and Pension Fund Governance and Best Practices, offering a holistic view of the structures, policies, and strategic decisions shaping the social safety nets of today and tomorrow.
According to the International Labour Organization (ILO), only 47% of the global population is effectively covered by at least one social protection benefit, and just 29% enjoy comprehensive social protection coverage. Additionally, the Organisation for Economic Co-operation and Development (OECD) highlights that pension assets in OECD countries exceeded USD 38 trillion in 2023, emphasizing the significant economic influence of pension fund governance. Yet, the system remains vulnerable—more than half of retirement-age individuals in developing economies lack secure pension income.
This course contextualizes such data, providing participants with the tools and frameworks to understand the scope and impact of social insurance, the interplay between public and private risk mitigation strategies, and the structural imperatives of pension governance. Key highlights of the course include the historical evolution and contemporary relevance of social insurance programs; in-depth exploration of risk management strategies for individuals and organizations; critical evaluation of defined benefit and defined contribution pension plans; regulatory approaches and international governance benchmarks; and analysis of emerging risks such as demographic shifts and financial crises.
Participants will explore the balance between affordability and fairness in social programs, assess the impact of public and private sector collaboration, and understand how stakeholder dynamics shape pension policy outcomes. Real-world case studies, policy simulation exercises, and governance frameworks are seamlessly integrated to develop strategic capabilities in risk mitigation, regulatory compliance, ethical fund management, and long-term financial planning for sustainable pension ecosystems.
By enrolling in this training, professionals will gain insight into political, social, and economic levers driving social protection systems and strengthen their competency in formulating resilient, equitable, and sustainable insurance and pension strategies that align with national priorities and global best practices.