Social security

The World Insurance Report 2016, from the insurance firm Capgemini in partnership with the European Financial Marketing Association (EFMA), found that Spain's generation Y (young people between 15 and 35 years of age) are among those most disenchanted with the services provided by conventional insurance firms.

Rising life expectancy, longevity, is a relatively recent phenomenon dating from the 19th century. Until then, for nearly 60,000 years, the life expectancy of humanity remained relatively constant. There is some evidence that increased life expectancy is a permanent phenomenon, with the implications that this might have not only for pension systems, but also for the organization of societies themselves.