Jessica Franco Actuarial consulting
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Actuary and data scientist · Health and insurance

Actuarial technical notes that withstand regulatory review.

I’m Jessica Franco, an actuary with an MSc in Actuarial Science from the University of Leicester. Throughout my career I have created, shared and delivered projects that assess an organisation’s financial impact and uncertainty. I have built technical notes from inside Colombian health insurers (EPS) and reviewed them at Colombia’s National Health Superintendency.

Quotes are free. Fully remote.

Actuaría Franca illustration: a winged scale surrounded by curves, charts and actuarial symbols
Experience on both sides Health insurer and regulator I built technical notes and also reviewed them

Where I have worked

  • National Health Superintendency (Supersalud)
  • Famisanar
  • Compensar
  • Coosalud
  • HDI Seguros
  • BNP Paribas Cardif
  • Fasecolda
  • Addactis

What sets me apart

One technical note, two perspectives.

I know what the reviewer will ask before they ask it, because I have sat on that side of the desk.

From inside the entity

I led the actuarial function at Famisanar, Compensar and Coosalud, and was the Appointed Actuary (Actuaria Responsable) at Famisanar.

From the regulator

At Colombia’s National Health Superintendency I assessed supervised entities’ compliance with actuarial regulation.

For your organisation

I answer in the document what the reviewer will ask: stated assumptions, cited sources and calculations anyone can reproduce.

Services

Actuarial analysis for health and insurance.

I work with health insurers (EPS), healthcare providers (IPS), prepaid-medicine companies and insurers. I build the calculation, document it so a third party can reproduce it, and stay with it until the review is closed.

Health-plan technical notes

Preparation and update of the actuarial technical notes behind complementary health plans, prepaid medicine and benefit plans: population, frequencies, costs and the resulting premium, with every assumption stated.

UPC and premium adequacy

Claims, frequency and severity analysis to test whether the premium or the UPC (Colombia’s capitation payment) covers the risk, with projections and sensitivity scenarios.

Technical reserves

Calculation, validation and documentation of technical reserves, with the traceability that regulatory supervision demands.

Responses to Supersalud requests

Technical preparation of responses to the regulator’s findings and information requests. I understand what the reviewer is looking for because I was in that seat.

Independent review

A second opinion on technical notes, models or reports before you file them: method errors, unstated assumptions and how sensitive the result is to each one.

Pricing and reserving for insurers

Pricing and reserving for life, health and other lines, drawing on experience leading actuarial work at an insurer and at a consultancy.

Approach

I design every calculation with the review in mind.

A technical note holds up when any third party (the regulator, the statutory auditor or your board) can redo the calculation and reach the same figure. This is how I get there:

  1. 01

    Data diagnosis

    Before modelling, I check quality, completeness and consistency. Delivery time runs from when the final data are complete, so the final figure is solid.

  2. 02

    Stated assumptions

    Every assumption is written down, justified and sourced. Nothing is left implicit or depends on a conversation nobody documented.

  3. 03

    Reproducible model

    I build the calculation with data-science tools, so it can be followed step by step.

  4. 04

    Ready-to-file document

    Technical note and actuarial inputs for the regulatory templates, coordinated with your accounting and reporting teams.

  5. 05

    Post-delivery support

    I stay with you when the regulator’s comments arrive, until the review is closed.

Tools

  • R
  • Python
  • IBM SPSS Modeler
  • Advanced Excel

Fully remote delivery

Staged deliverables

One person technically responsible for the calculation

Proposal

A clear proposal, tied to deliverables.

Every proposal comes with scope, timeline and a fixed price per deliverable, agreed from the start. You know what you get, when you get it and what it costs.

  • Scope and assumptions defined in writing
  • A timeline that starts once the final data are complete
  • A fixed fee for each deliverable
Free quote

Staged payments

I

On delivery of each deliverable. Each technical note is paid when you receive it.

II

Regulatory support. After delivery, while the regulator reviews the document.

Send me a short description of the scope and I will reply with a technical and financial proposal.

Request a quote
Jessica Franco

Profile

An actuary who has sat on both sides of the desk.

Jessica Franco · Actuary and data scientist · MACA 147

My career has taken me through the insurance industry association, insurers, actuarial consulting, the leadership of the actuarial function at three Colombian health insurers (EPS) and Colombia’s National Health Superintendency.

That path left me with one conviction: the best technical note is the one a reviewer can follow without having to call anyone. That is why I write down every assumption, every source and every step of the calculation as if I had to review it myself, because I have.

  • MSc in Actuarial Science, University of Leicester
  • BSc in Statistics, Universidad Nacional de Colombia
  • MBA
  • 5 IFoA exams passed

Experience

  • National Health Superintendency (Supersalud)Assessing compliance with actuarial regulation
  • FamisanarAppointed Actuary · Head of the actuarial function
  • Compensar and CoosaludHead of the actuarial function
  • HDI Seguros (HDI Group / Talanx)Pricing Director
  • AddactisHead of the actuarial function
  • BNP Paribas Cardif and FasecoldaInsurance industry

Scope

Actuarial and statistical analysis with its technical rationale. Legal, accounting and reporting matters are coordinated with your teams.

See more of my work on LinkedIn

Beyond consulting

Highlights.

COLFUTURO scholar

I am one of COLFUTURO’s former scholars. COLFUTURO supports Colombia’s top students in master’s and doctoral studies abroad.

About COLFUTURO

Health Committee, Colombian Association of Actuaries

I am a full member of the association. I coordinated its Health Committee to spread health actuarial topics among practitioners, and presented the committee’s technical position on the UPC assessment before the Colombian Congress.

Visit the association

Data scientist · DS4A

I took part in the first cohort of Colombia’s ICT Ministry (MinTIC) programme to train data scientists through DS4A, a programme for applying artificial intelligence to real business initiatives in technology companies.

Actuaría Franca

I help actuaries and students move their careers forward with concrete steps: one-to-one mentoring and study groups for SOA exams, in Spanish.

See the FM study group (Spanish)

Writing on Medium

I write about the beautiful things in life and other trivialities.

Read on Medium

Contact

Let’s talk before the clock starts running.

The earlier the actuarial analysis comes in, the stronger the technical note. Tell me what you need and I will reply with the scope, the information required and the delivery times.