Costos Financieros para el sector asegurador por la crisis sanitaria, provocados por la pandemia de SARS-CoV-2.

Abstract

This degree project analyzes the impact of the Sars-Cov2 pandemic on the financial costs of the Ecuadorian insurance sector. Within the aims of this project, the aim is to see what qualitative and quantitative measures the companies of this sector chose to face the pandemic. Within the research design, two companies of varied sizes, which are part of the market, were selected. Interviews were conducted with decision makers and financial information for the years 2019, 2020 and 2021, reported to the Superintendence of Companies, was analyzed. With this information, it was possible to know the situation of the balance sheets, their income statements and perform vertical and horizontal analysis to detect variations in the accounting accounts. In addition, financial indicators were calculated to see the financial health of both companies from a distinct perspective. Among the main results, for the company Vumi Latina, the solvency indicator of the company stands out, related to the equity indebtedness that measures the degree of financing of the company with debts in relation to its equity. In the last three years, Vumi Latina has significantly improved this financial indicator, reducing it from 24.88 in 2019 to 11.08 in 2020 and to 6.15 in 2021, showing that the company is using less debt and more equity to finance its operations. On the other hand, BMI company, the Total Liabilities / Equity indicator increased significantly in 2021, which may write down that the company has resorted to debt to finance its operations. On the other hand, the Total Assets / Equity indicator also increased, showing that the company has managed to increase its long-term assets. However, these indicators should be checked as high debt can increase the company's financial risk. In conclusion, it can be said that both companies have experienced a significant impact on their finances due to the pandemic. However, they have taken different measures to overcome the financial crisis. Vumi Latina has worked to reduce its financial burden, while BMI Insurance has obtained added financing to overcome the crisis. In either case, both companies need to take other measures to keep their profitability and ensure their financial stability in the future.