Consorcio de Compensación de Seguros (CCS)
The 'Consorcio de Compensación de Seguros' (CCS), is an instrument that services the Spanish insurance sector, with an extensive historical background.
It is a public business organisation that is attached to the Ministry of Economic Affairs and Digital Transformation, through the General Directorate for Insurance and Pension Funds. It performs many functions within the insurance field, and amongst which those related to coverage of extraordinary risk, compulsory vehicle insurance, combined agricultural insurance and liquidation of insurance companies stand out.
Spain News and Events
News and Events
Informative note on the fourteen episodes of atypical cyclonic storm produced in December 2019 to May 2020
Storms have occurred between December 2019 and May 2020, resulting in strong winds in various parts of Spain.
This issue, focused on "The importance of prevention" includes top level contributions about adaptation measures to flood risk, carried out in the Ebro Basin by its Basin Authority as well as a series of pilot cases to reduce flood risk in buildings carried out by the Directorate-General for Water. The topic of the possible adaptation measures in the coastline is also covered, and the results of two research projects devoted to climate change adaptation and loss prevention are described in detail: RESCCUE, for which a new methodology to estimate flood losses has been developed, and NAIAD, that has coined the concept of "natural assurance systems" to assess and include ecosystems as loss prevention elements.
The issue is complemented with reviews on the challenges of insuring pandemic risk, on jurisprudence relevant to CCS' activities and on the way CCS has adapted itself o the complex situation experienced in the past months, with a succession of serious loss events followed by the COVID-19 crisis.
The contents of this last issue of our magazine can be accessed in English and in Spanish. All articles can be downloaded in pdf format and have tools to facilitate its sharing in social media. All the contents of previous issues are also available at the magazine website.
Resolution of the presidency of the CCS to extend the term of temporary measures on surcharges and compensation for extraordinary risks
Resolution of 14 July 2020 of the presidency of the CCS extending until 21 September temporary measures on surcharges and compensation for extraordinary risks.
- 06 Jul
2019 CCS REPORTS ARE ONLINE
2019 CCS reports are already online, freely downloadable.
These are the Annual Report, the Activity Report (also available in English), the Social Responsibility Report and the Statistics of Extraordinary Risks corresponding to 1971-2019.
All of them are accessible at the "Publications" section of the web space "The entity".