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Who's Who Legal
Who's Who Legal
Silvia Canales Coto

Silvia Canales Coto

Consortium Legal150mts oeste de la entrada principal de Oficentro El Cedral, EscazúEdificio Banco General 6º pisoSan JoséCosta Rica

Global Leader

WWL Ranking: Recommended

National Leader

WWL Ranking: Recommended

WWL says

Silvia Canales Coto possesses “excellent knowledge of insurance regulations” and is “very experienced” in the sector.


Silvia has a law degree (UCR), MBA with emphasis in banking and finance (UCR), and Master in risk management and compliance from ADEN International Business School (in course).

Founder and president of ELS, her own boutique law firm, specialized in insurance, corporate governance and compliance, where she lives her philosophy of completely practical approach to assertive decision making and constant personalized and strategic accompaniment to clients, as a product of the experience she has accumulated working for more than fifteen years in senior positions in financial supervision institutions, where stands out Legal Director of the General Superintendence of Insurance and later Deputy Head of such institution (Costa Rica).

She provides her experience and knowledge in insurance matters at your service, being this an area of legal practice that she is passionate about and in which she advises clients, insurance companies and insurance intermediaries, financial groups, all of the highest level, both in Costa Rica and in the region. She participates as a speaker in multiple national and international forums on insurance, corporate governance and risk-based supervision models.

She is a faithful believer that regulations are not complied with for the sake of compliance, they are complied with to add value to the business or activity being developed.  Therefore, from her professional practice, she seeks to help her clients in the practical and proportional implementation of the regulation, according to their needs and context, to achieve strategic objectives, considering the processes that they execute for the management of the risks that are assumed. 

With a personalized and specialized service, she provides you with a comprehensive approach of knowledge in law, business and risk management, corporate governance and supervision of financial markets, so that you as an Owner, Director or Manager, have confidence and security for the continuity and efficiency of your business, with the necessary operational and strategic control points and attached to ethics and legality.

As part of her outstanding products there are included: the design of sectorial regulatory compliance strategies; corporate governance and internal control models; compliance and risk management consulting; consulting for boards of directors and support committees; risk-based supervision models; conduct of business; structuring and review of regulatory projects; training and refresher courses; AML, anti-corruption and fraud models; consulting in insurance, reinsurance and brokerage business strategy; authorization and registration processes, product structuring, market penetration, financial inclusion, among others.

 She was a member of committees for the process of Costa Rica's accession to OECD, currently represents the AAP before the OECD Committee of UCCAEP and its relationship with BIAC. External advisor to Boards of Directors at national and international level, independent member of the Board of Directors and Chairman of Investment and Risk Committees. Listed in the renowned legal directories of Who's Who Legal and Chambers and Partners. Recognized by the organization Women in Compliance (Law Firm Regulatory Compliance). Advisor of Counsel for local firms. Member of AIDA Costa Rica. Member of WP new technologies, prevention and insurance CILA & AIDA. Member of the Legal Committee of AAP Costa Rica. Member of the Corporate Governance Institute of Costa Rica, Member of the Compliance Committee of the Costa Rican Bar Association. Member of the World Compliance Association.

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