Análisis del impacto económico en el mercado de aseguradoras del Ecuador por la aplicación de la ley de apoyo humanitario para combatir la crisis sanitaria derivada del COVID-19 en el periodo 2019 -2020

Abstract

The general objective of this research was to analyze the economic impact generated in Ecuador's insurance market because of the application of the Humanitarian Support Law, which was issued to combat the health crisis derived from COVID-. 19, the methodology corresponds to a mixed approach, of longitudinal cut, considering a descriptive-exploratory type study level with a documentary and field research modality, complementing with an inductive-deductive type method, by means of a survey using a validated questionnaire and with a reliability higher than 0.90 in the Cronbach's Alpha scale, with Likert type response option, which was carried out to the 30 Insurance companies in Ecuador according to the list of the Superintendence of Companies Securities and Insurance in the period of analysis 2019-2020. The results indicate that both the COVID-19 pandemic and the Humanitarian Support Law generated an economic impact on the insurance market, especially in factors such as the change in the loss ratio, valuation of reserves, sales income, attention to claims, cash flows, expense studies and risk rating, but it was also found that this group of companies have difficulties in identifying areas of opportunity for the optimization and definition of the items in which they are going to invest in order to improve their operations, generate strategies and thus face the Law analyzed in a more effective way. The results also showed a considerable drop of 90.65% in profit, Operating Profit (EBIT) by 45.53% among other main accounts of these companies, especially those corresponding to the life segment.