Manual de Procesos para la supervisión y control del cumplimiento de la norma Gestión y Administración de Riesgos para las empresas de seguros y compañías de reaseguros del Ecuador

Abstract

Superintendencia de Bancos y Seguros trough the Intendencia Nacional del Sistema de Seguro Privado has the mission to supervise and control the operations that Insurance Institutions and Reassurance Companies develop in Ecuador with the main goal to guarantee the stability and solvency of the private insurance system and the protection of the insurer. In order to guarantee the sustainability of this industry, Superintendencia de Bancos y Seguros applies prudential international standards of supervision, which are recommended by the International Association of Insurance Supervisors (IAIS). The legal statement called: Management and Administration of Risks has its foundation in these standards, and its main goal is to obtain that the controlled entities develop, implement and improve in a continuous manner a system of management and administration of risks that allow to have first-hand warnings to minimize risks. The process manual presented in this project includes three processes of supervision to be executed by the supervisors in charge and pretends to be considered as a paramount tool, so these supervisors can develop their job in a systematic and unified manner, and be redundant in the benefits of the industry and the insurers.