We develop the technical elements that must be delivered to achieve the authorization of new insurance or surety companies in Mexico. We also support bonding companies that require to transform into surety insurance companies.
We have experience in the development of:
- Projections in several scenarios including stress scenarios of:
- Financial statements, including estimates of technical reserves, solvency capital requirement and admissible own funds.
- Development of the Manuals required in regulation:
- Investment policy
- Reinsurance
- Actuarial Function
- Policies for integration and operation of investment, risk management and reinsurance committees.
- Design and implementation of the risk management system.
- Development of risk management manual.
- If necessary, development of the credit manual
- Technical documentation of insurance products and technical reserves.
- Staff training on:
- Risk management
- Solvency capital requirement
- Investments
- Actuarial function
In addition, our partners can develop the required corporate documentation, as well as the internal control and audit manuals.
The requirements established by the Mexican authorities are very numerous and complex, so authorization can be accelerated by having experience in the process.