- The license was granted by the Corresur Supervisory Authority Financial System (ASFI) and are now audited by the Audit and Control Authority Pension and Insurance (APS), is there much change?
- Until March of 2012 depended on the ASFI, which saw banking, securities and insurance, and came to depend on the APS. When we relied on the ASFI, we believe that the audit was more flexible, if it is the term, because it specialized in banking and insurance (Ed note: formerly the Superintendent of Pensions, Securities and Insurance and oversaw regulating sector companies insurance). This responsibility was control for a couple of years by the ASFI.
- What requirements will make these businesses?
- It must be a limited liability company or corporation, can not be a sole proprietorship. It takes a minimum capital of 17,250 Special Drawing Rights (SDRs) that more or less equivalent to U.S. $ 30 000. Other requirements are a professional liability policy, a policy of errors and omissions for the proper functioning of the company that is deposited on the APS and serves as collateral. There are other requirements under the Commercial Code. It is imperative that a business plan is submitted to the APS and demonstrate that you know or have worked in the insurance market.
- What is dedicated Corresur in the insurance market?
- An insurance brokerage company, is the intermediary between private clients and insurance companies. We do design insurance program for the client, we give the contributions we can get in the market and the insurance company pays us a commission awarded which is included within the premium paid by the customer. Usually offers a yearlong event of an accident at that time, we take care of the whole process until it is recovered from the policy.
- What kind of customers serve and which sectors belong?
- We work with private companies and embassies. We consulted for YPFB Transport, Aviation Bolivian BoA, Ministry of Education, Ministry of Health, EPSAS, and aircraft of the Ministry of the Presidency.
- What types of insurance?
- All. Can make from a vehicle, aircraft, businesses and factories of all kinds. We work in general insurance with the seven companies currently on the market, and with six people in companies specializing in personal injury cases, health insurance or life.
- How many claims have been addressed in these three years?
- Various and different magnitudes. One, quite complicated in their attention, was the collapse of the pipe Hampaturi Dam in 2008 (about U.S. $ 350 000). Another is the fire in the former factory Said, the Cecolap, where the Ministry of Education we hired exclusively for this claim in which lost about U.S. $ 3 million in assets, had computer equipment, looms, books and more. A couple of weeks we received information from the insurer that the claim Fortress is accepted. We also treated a number of incidents of navigation.
- Why is it difficult to accept insurance claims?
- Every insurance policy has rights and obligations and must be shown that the loss is payable to all documentation required by the insurance company to give us the acceptance of the claim. When the disaster occurs, the broker must be at the client side.
- With paid-up policy and the day?
- If you design an appropriate program of insurance, the probability of a rejection of a claim is minimal, is charged because the suspension is automatic coverage under the Code of Commerce.
- What if the accident happens on the day to be paid or the next?
- The first is that the policy is paid if you have coverage and everything will be fine. Companies analyze customer payment behavior. I'm sure that could be considered 1 or 2 days.
- Develops a culture of insurance in the country?
- Since the implementation of Mandatory Social Security and SOAT (vehicles) is creating a lot of awareness in the Bolivian population, the insurance market has tripled in the last 12 years. Still not high. The market is around U.S. $ 244 million (data from the APS to November). Other countries in the region have increased spending on insurance.
- What does it take for the market to develop more?
- In many cases need to formalize many sectors of our economy. When asked for an inventory or financial statements to protect heritage problems of the people of Eloy Salmon Huyustus or small workshops in El Alto. They have no information for companies to design appropriate products.
Profile
Name: Alex Haro Profession: Economist Title: General Manager of Corresur segurosPaceño expert brokerage. Economist from the Universidad Mayor de San Andrés. He has a Masters in Business Administration from the University Los Andes and a Master in Management and Risk in the Andean University. Working in the insurance industry 25 years ago. It started in Ciacruz, which is now fused to the Bolivian, seven years later in Insurance Illimani and from 2000 to 2006 in the Adriatic Trade Management. He then set about forming his company, engaged in insurance brokerage. A talk, a day in Santa Cruz, gave way to create a partnership with Marcelo Montalvo and then with her sister Marisol Haro. Received its operating license in September 2008.
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