Actuarial Services

June 2011

INTRODUCTION

Argentine Insurance Market have gone through fundamental changes during the last years that have obliged companies to adapt their strategies and obsolete methods which they have been operating with.

One of the factors that companies have stressed in their new strategies to be implemented is the technical one, fundamental competitive factor in globalize markets.

Because of this new need in the market, the 1st. of November of 1997 “BC CONSULTORES” is created to give advise to companies that accept the defiance imposed by new market requirements.

“BC CONSULTORES” have a personalized and complete dealing on operative and technical product characteristics. Alejandro Bloise, actuary, in charge of the firm, is also a system analyst and this degree allows him to complement the advice so as to obtain an excellent union between the design and products administration.

This quality characteristic with the client is guaranteed by the consultant’s structure. “BC CONSULTORES” growth is developed horizontally, outsourcing highly qualified professionals with ample experience. These professionals will be available as consultants.

“BC CONSULTORES” give advise in some areas connected with Personal Insurance that are examples of what the firm can give market operators.

PROFESSIONAL SERVICES

Services offered by “BC CONSULTORES” are not only limited to an actuary-mathematical aspect but also to an operative and technical advice. A general task review that “BC CONSULTORES” can give advice is shown below.

  • General advice about regulations, quote rules, subscription and product pricing.
  • Technical support to obtain the optimization on operative and system circuits and on general operation of Life Insurance, Health and Personal Accidents. (In their empiric aspects).
  • Technical-Contractual elements review already approved by National Insurance Superintendence.
  • New products development with a strategic analysis of the market where it will operate.
  • Advice given to optimize reinsurance strategy and collaborate with brokers and re-insurers negotiation.
  • Mathematics Reserve Certification and actuary opinions demanded by Controller Organisms.
  • To give advice on other accountant regulations (as GAAP, European Union, etc)
  • Technical training for sale employees or company officials.
  • Analysis and advise on mergers and acquisitions.
  • Statistic Plan Control. Use of “BC CONSULTORES’s data base on different covers.
  • Economic Opportunity Analysis.

PROFESIONAL SERVICES

CLIENTES

CLIENTES

  • ADEBA Asociación de Bancos Argentinos
  • AETNA VIDA S.A.
  • AGF ALLIANZ Compañía de Seguros S.A.
  • AGF ALLIANZ ARGENTINA Compañía de Seguros de Vida S.A.
  • AIVA TPA Services S.A.
  • ALICO Compañía de Seguros S.A.
  • ALICO Compañía de Seguros de Retiro S.A.
  • AMSA (Asociación Médica Social Argentina)
  • AON RISK
  • ARGENTINA SALUD Y VIDA
  • ASSICURAZIONI GENERALI Sucursal Panamá
  • AMTAE (Asociación Mutual de Trabajadores Estatales)
  • AUL American United Life Re S.A.
  • BANCO DE GALICIA Y BUENOS AIRES
  • BANCO PATAGONIA
  • BINARIA Seguros de Vida S.A.
  • BINARIA Seguros de Retiro S.A.
  • BOSTON LIFE (UNUM)
  • CAJA de Seguros S.A. (La Caja)
  • CNP ASSURANCES
  • COMBINED INSURANCE Company de Argentina S.A.
  • COMPAÑÍA FINANCIERA ARGENTINA S.A. (CFA)
  • CONFIAR Coop. de Vivienda, Crédito y Consumo Ltda.
  • GALICIA VIDA Compañía de Seguros S.A.
  • GALICIA SEGUROS Compañía de Seguros S.A.
  • GALICIA Seguros de Retiro S.A.
  • GENERAL AMERICAN Seguros de Vida S.A.
  • GOBIERNO DE ENTRE RÍOS (IAPSER, ISER y otras)
  • HARTFORD LIFE Guatemala, Costa Rica y Nicaragua
  • HARTFORD LIFE INT. (USA)
  • HARTFORD Seguros de Retiro S.A.
  • HARTFORD Seguros de Vida S.A.
  • HORIZONTE Cía. Arg. de Seguros Generales S.A.
  • INCA Vida Seguros de Personas S.A.
  • INCA Seguros de Retiro S.A.
  • ING INSURANCE
  • ING LATIN AMERICA (USA)
  • INSTITUTO PROVINCIAL DEL SEGURO DE SALTA
  • ITT HARTFORD Uruguay
  • JUNCAL Compañías de Seguros
  • LIBERTY A.R.T. S.A.
  • LIBERTY SEGUROS S.A.
  • MET AFJP
  • MET LIFE
  • METROPOLITAN LIFE URUGUAY
  • MÜNCHENER RE
  • MUTUAL “13 de Mayo” - Asociación Mutual para la Seguridad Social
  • ORLANDO FERRERES Y ASOCIADOS
  • PRUDENTIAL SEGUROS S.A.
  • PROTECCION BUENOS AIRES
  • RENAULT Argentina S.A.
  • RGA Reinsurance Group of America
  • RIMAC Seguros (Perú)
  • ROYAL & SUN ALLIANCE
  • SANCOR Seguros
  • SAN PATRICIO Seguros de Vida y Salud S.A.
  • SIEMBRA Seguros de Vida
  • SMG Life Seguros de Vida S.A.
  • SMSV Sociedad Militar Seguros de Vida
  • SUDAMERICANA Asesores de Seguros S.A.
  • THE WARRANTY GROUP
  • VIRGINIA SURETY

CLIENTS

PROFESSIONAL BACKGROUND

Alejandro F. Bloise

His main area of competency and expertise is in consulting services in personal insurance, especially in the development of retirement, life and health insurance products.

He worked for 3 years as a Technical Analyst in the Life area of Juncal Group, participating in the development of retirement and life insurance products and creator of the first illustration software of Individual Life in Argentina. (Plan Estrella-1988).

Consultant for more than 6 years in Towers Perrin/Marcu y Asociados, as well as heading the firm’s system area. While working for this consulting firm he was able to advise the main multinational Life Insurance companies which started up in the country such as: EAGLE STAR Argentina, La Buenos Aires/New York Life, Generali Argentina, AISA UAP, Zurich Iguazú, Sudamérica, Principal, Aetna Vida, Omega/Jefferson Pilot.

In 1996 he worked full time on the restructuring and drawing up of an Individual Life Insurance development project for the Inca Group (Insurance Company).

Since 1989 he was a member of the teaching staff in the Financial Calculations Department of the University of Buenos Aires (nowadays Associate Professor in charge of course 6).

In November of 1997 he opened his own consulting firm specially designed for new products and consulting services for Personal Insurance Companies, Retirement and Pension Administration as well as Work Accident Insurance.

He is a graduate Actuary of the School of Economic Sciences of the University of Buenos Aires and a System Analyst graduate of the School of Administrative Sciences of the Salvador University.

Gonzalo Juan Alvarez

His main area of expertise and experience is based on the Management of insurance companies as well as Consultancy in the field of actuarial techniques.

He graduated with honors (“Magna cum Laude”) from the School of Economic Sciences of the University of Buenos Aires, where he received a degree in Actuarial Science. He is currently completing his studies to achieve Associate of the Society of Actuaries (A.S.A) status in the United States.

He was Director and Actuarial Manager at General American Seguros de Vida, where he was responsible for restructuring the company following the Argentine economic crisis in 2001.

He was responsible for renegotiating reinsurance agreements for the entire Argentine pension system on behalf of Reinsurance Group of America (RGA).

He has experience in portfolio valuation and has actively participated in portfolio transfer negotiations among leading Argentine insurer market companies.

He participated as consultant in dispute settlement arbitration proceedings, obtaining favorable arbitral awards for the company he represented.

In addition, he has participated as consultant for health service providers and Argentine pension market brokers.

In 1999 and 2000 he was an officer in the actuarial section of the Superintendencia de Seguros de la Nación (Argentine Federal Department of Insurance), where he was Coordinator in charge of authorization of the following products: Individual Life, Group Life, Health, Personal Accidents, Retirement and Annuity insurance.

He has taught “Mathematics for Economists” and “Financial Calculus” at the School of Economic Sciences, University of Buenos Aires (UBA).

Virginia Laura Gómez Chao

Her main area of competency and expertise is in consulting services in economy, especially in Economic Planning, Resources Allocation, Market Analysis and Investment Project Analysis.

In addition to this can give support in actuary products that is “BC CONSULTORES” main business. Works out Insurance Brokers quotation in Visual Basic 6.0.

Before working in consulting services she worked as an Economist in the Central Bank (República Argentina), in the Department of Agriculture-Livestock- Fishery and Technology Institute (INTA)

Has taught Investment Project Analysis in the University of Belgrano (UB).

Graduated as an Economist, School of Economic Sciences, University of Buenos Aires (U.B.A.).

Gabriela A. Fuentes

Her main area of competency and expertise is in Comprehensive Accounting Services for Insurance Companies (Registered External Auditor in the Superintendence of Insurance).

Before working in General American Argentina Seguros de Vida S.A.

(A Company of Reinsurance Group Of America) as CFO, Director and Vice President.

Between 1993 and 1996, she was Senior Auditor, Auditing Life and Retirement Insurance Companies and AFJP’s of Arthur Andersen & Co. Member.

Graduated as a Public Accountant, School of Economic Sciences, University of Buenos Aires (U.B.A.).

He has taught “Auditory” at the School of Economic Sciences, University of Buenos Aires (UBA).