AseguraVerde — The ALM Crisis After the Curve Inversion

MBA Insurance and ALM simulation (Track 3I opener). Players occupy the Catalina seat as CEO of AseguraVerde S.A., a Costarian insurer hit by curve inversion, USD -340M unrealised AFS loss, SCR 158% to 132%, duration gap 0.4 to 2.3y, and a CEMASA Article 47 letter. Three rounds across 90 minutes — Diagnose (Redington 1952, KRD by tenor, SII Pillar 1 walk), Design (asset reposition, Bermuda QS cession, deferred rights issue), Defend (Friday Risk Committee under no-dilution family-political constraint). The simulation rewards integration discipline across technical-actuarial, financial-orthodox, risk-pragmatic and family-political frames.