Impacto del método de cálculo de prima total en el seguro vehicular, en el valor de una aseguradora

摘要

The Ecuadorian insurance market currently consists of 37 companies (Superintendencia de Bancos y Seguros, 2015). Each one of them utilizes an ensemble of risk factors to calculate the claim rates. This study analyzes the effects of using different risk factors on the market value of an insurance company. To carry out this analysis the NOPAT method (Net Operating Profit after Tax) was used to calculate the clash flows generated by the vehicles' insurance division of Aseguradora del Sur. Besides a detailed classification of the insured vehicles, this study aims at identifying the risk factors that allow the company to present a higher market value.