Seguros y Medicina Prepagada | Volrisk Consultores Actuariales

Insurance and Prepaid Medicine

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We provide comprehensive actuarial support in the preparation and review of Underwriting Materials, Technical Notes, and Technical Reserves, applying models and methodologies that accurately reflect the risk assumed by Insurance and Prepaid Medicine Companies. Our approach enables clients to have greater control and flexibility over their actuarial processes, ensuring technical robustness and regulatory compliance.

Technical Notes

We prepare and review technical notes for insurance and prepaid medical products, detailing actuarial assumptions, incidence rates, calculation methodologies, costs, margins, and pricing structures to ensure the product’s sustainability and profitability.

Objectives::

Establish clear and solid technical foundations for each product.

Ensure compliance with local and international regulations.

Define sustainable, risk-adjusted rates.

Facilitate product review and approval by regulatory authorities.

Provide transparency and technical support during audits.

Improve financial planning and cost control.

Detect and correct technical imbalances in a timely manner.

Technical Reserves

We calculate and validate technical reserves (IBNR, RSC, RSPA, RIP, RDS) required to ensure insurers can meet their future obligations. Our actuarial models consider claims experience, cancellations, and product life cycles.

Guarantee solvency to meet future obligations.

Comply with provisioning requirements set by the Superintendency.

Strengthen the confidence of investors and regulators.

Enable more precise and measurable risk management.

Improve the company’s financial stability.

Facilitate internal and external audits with solid technical support.

Identify capital needs and solvency margins.

Projections

We develop actuarial projections that help anticipate financial scenarios and assess the feasibility of products in the short, medium, and long term. These simulations support better decision-making and market adaptability.

Anticipate future financial and technical scenarios.

Support strategic decision-making.

Facilitate short- and long-term budget planning.

Underwriting Material and General Terms & Conditions

We provide technical support in creating and reviewing underwriting materials and contractual product documents (general terms and conditions), ensuring clarity, legality, and technical consistency.

Benefits:

Strengthen transparency and trust during policy issuance.

Enable more efficient, risk-aligned underwriting.

Ensure regulatory compliance in contractual matters.

Provide technical support to commercial and legal teams in claims processes.

Solvency II

We implement Solvency II with a practical approach, solid evidence, and standardized processes.

Solvency calculations by risk module and aggregation.

Regulatory reporting.

Defined policies and roles for consistent management.

Data governance and traceability.

Practical training for your team.

Work plan with clear milestones.

Presentación de resultados preliminares.

General Consulting

We are your actuarial support whenever you need it, solving specific problems while implementing lasting improvements.

Pricing, reserves, and profitability with a results-oriented approach.

Comprehensive support in audits and regulatory matters.

Executive guidance with clear, actionable summaries.

Measurable results that deliver high impact.

Adequate Capital

We assess and plan capital to support steady growth while safeguarding the company’s solvency and liquidity.

Clear diagnosis of solvency and capital requirements.

3–5 year capital plan aligned with growth objectives.

Reinsurance optimization to free up and protect capital.

Stress testing to anticipate demanding scenarios.

Sustainable dividend policy.

Executive reports for timely and agile decision-making.

Risk Indicators (KRI)

We implement a system of indicators that provides timely alerts and facilitates decision-making for underwriting, claims, investments, and operations.

Catalog of priority KRIs with definitions and formulas.

Thresholds and action plans (green/yellow/red).

Automated dashboards in Power BI/Excel.

Follow-up meetings focused on actions.

Historical data and traceability for auditing.

Fewer surprises and greater performance control.

VaR (Value at Risk)

We measure your daily exposure to losses and provide a plan to keep it under control.

A clear risk figure for monitoring and limits.

Factor-based analysis (rates, credit, currency, equities).

Tests and validations to increase confidence.

Alerts and limits to prevent breaches.

Simple, periodic reports for the investment committee.

Integration with liquidity and cash flow matching.

ORSA

Your internal risk and solvency assessment, which includes a concrete plan to:

Identify and prioritize material risks.

Develop scenarios and stress tests, including extreme events.

Project solvency and capital requirements.

Provide evidence of ongoing regulatory compliance.

Conduct executive workshops to turn findings into actionable steps.

Probable Maximum Loss (PML)

We quantify the probable maximum loss per event and per portfolio to guide decisions on reinsurance, capital, and underwriting. We provide clear, actionable results that protect the company’s profitability and solvency.

PML estimation by key lines of business.

Loss probability curves by return periods.

Reinsurance program recommendations with suggested limits and priorities.

Scenarios and stress tests with contingency plans for severe events.

Impact on solvency and capital, integrated with ORSA and risk objectives.

Connect with our actuarial team

Write to us, we can help you perform the actuarial calculations your company needs.