The Superintendencia de Compañías, Valores y Seguros (SCVS) participated in a training session on Solvency II and the development of risk-based capital regulation, according to an April 22 announcement. The event was organized by the United Nations Development Programme as part of the Global Actuarial Initiative (GAIN), with technical support from Milliman.
The training took place in Quito and Guayaquil, bringing together staff from the Audit, Technical Control, Regulation, and Claims areas of the National Insurance Superintendent’s Office and its Regional Directorate. Participants strengthened their knowledge of methodologies applied to insurance sector supervision. The event also provided a specialized space for public sector professionals to exchange experiences.
The content focused on applying the Solvency II system, highlighting the role of actuaries in preparing and validating technical calculations that determine resources needed to cover risks and ensure company solvency. Organizers said this will help SCVS verify that information presented by insurers is consistent and backed by sufficient financial resources.
SCVS described this type of training as strategic because it strengthens technical evaluation processes and supports regulatory development. The agency said adopting these approaches will require companies to have specialized functions, reinforcing risk-based supervision and stability within the insurance sector.
