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 Economy and Business, 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
In April 2019 there were storms that generated strong winds in various areas of the Iberian Peninsula.
The 10th issue of Consorseguros Digital Magazine is currently online, both in English and in Spanish. It addresses, from multiple viewpoints, the matter of environmental liability and its assurance.
In the month of March of 2019 there have been storms that have generated strong winds in various areas of the Iberian Peninsula.
During the months of January and February 2019 there have been several storms that have generated strong winds in various areas of the Iberian Peninsula.
The Consorcio de Compensación de Seguros and the Instituto Geológico y Minero de España sign an agreement for the estimation of expected economic losses by tsunami in Spain
Last Tuesday, April 30th was published in the official State Gazette the agreement signed between the Consorcio de Compensación de Seguros (CCS) and the Instituto Geológico y Minero de España (IGME), for the estimation of economic losses expected by tsunami in the Spanish coasts. It is a project that takes several years of preparation and is expected to involve the first exhaustive study of this risk in Spain.
Informative note on episodes of atypical cyclonic storm produced between 9 November and 31 December 2018
In the period from 9 November to 31 December 2018 there have been several storms that have generated strong winds and tornadoes in various areas of the Iberian Peninsula.
Informative note from the Consorcio de Compensación de Seguros on floods produced since 22 January 2019 in the provinces of Cantabria, Asturias, Burgos, Vizcaya and Álava
Initial estimates of damages and information to the insured concerned.
The new Surcharge Declaration will come into effect using the SIR System on the 1st of January, 2019, according to rulings by the CCS' Presidency on the 27th of March and the 31st of October, 2018.
The Consorcio de Compensacion de Seguros has established that the test environment of SIR remains enabled until 30 June 2019 (inclusive) in order that both the entities that are subject to the transitional period as those that don't (according to resolution of the Insurance Compensation Consortium of 31 October 2018) may have access to the evidence that required during the period of time indicated.