As one of Bolivia's two historically active volcanoes (the other being Irruputuncu), Olca-Paruma is considered a possible volcanic threat. s of 2015[ [update]], however, Bolivia does not have any active volcano monitoring on Olca-Paruma. The Chilean SERNAGEOMIN considers it a middle-to-low hazard volcano, the 46th most dangerous volcano of Chile and publishes a volcano hazard level for the volcano. A hazard map has also been published.