He culture of civil responsibility insurance before and after the sism 16 april 2016, province Manabí, Ecuador

Abstract

Civil liability insurance has become the most important policy that any company must acquire to settle damages or losses for which it may be civilly liable, whether to the company or third parties. In developing countries, the trend is that there is little culture of civil liability insurance, however, the earthquake that occurred in Ecuador on April 16, 2016 has been considered to be a stimulus to improve that culture in the country. For this reason, the objective of this article is to characterize the culture of civil liability insurance before and after the earthquake of April 16, 2016 in Manabí, Ecuador, for having been one of the provinces most affected by said event. The research was documentary and field, the scope was exploratory and the design was transversal - not experimental. The documentary information was obtained from the reports of the Federation of Insurance Companies after the earthquake and the field information was collected through interviews with two representatives of insurance companies and two representatives of the business sector in the province of Manabí. The results indicate that the culture of liability insurance improved after the earthquake, but not at optimal levels. It is concluded that to increase it requires the coordinated integration of State actions, insurance companies and non-insurance companies, so that if a tragedy like that of April 16, 2016 occurs again, the State and companies do not need high levels debt to recover financially.   Keywords: insurers; companies; culture of civil liability insurance; insurance management.