The Consorcio de Compensación de Seguros (CCS) is a public enterprise attached to the Ministry of Economic Affairs and Digital Transformation that compensates the damages caused by certain natural catastrophes, as long as the people and property that have been damaged are insured in the time of damage.

The new issue of Consorseguros Digital deals about the exploitation of the damage data of the extraordinary risks insurance from several perspectives. A detailed analysis of the last 25 years of the CCS Extraordinary Risks Statistics is made and the geographical distribution of the most important risk is studied in greater detail: that of flooding. The effects of two measures adopted in the last two years are also analyzed: the entry into force of the Surcharges Information System (SIR), which increases the quality of information on exposure, and the effects of reducing the extraordinary risk rate adopted in mid-2018. The issue of catastrophe data, from a more general perspective, is addressed in another collaboration that describes the different European initiatives to systematize the collection of damage data, insured and uninsured, after a catastrophe. Finally, the publication of the Agers Guide for risk management in insurance companies and a court ruling with important implications on the valuation of damages in automobile accidents are reviewed.

The contents of this issue are available in Spanish and English and, through the website of the magazine www.consorsegurosdigital.es/idioma/en, both the complete magazine and the individual articles can be downloaded in pdf format, as well as shared on the main social networks and access to all previous numbers.

In the period ranging from June to October, 202, several storms have occurred that have generated strong winds in areas of the Iberian Peninsula and the Balearic and Canary Islands.

To date, the CCS has received 11,975 requests for compensation by insured parties affected by the floods that occurred between 4th and 6th of November in the Valencian Community..