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
Sixth informative note about the CCS' activity due to the volcanic eruption on the island of La Palma
8 October, 2021
As of the 7th of October, the CCS has paid out 3,716,198 Euros to the insured parties affected by the volcanic eruption. The payments, made by bank transfer to the insured parties, correspond to seventeen houses and two commercial establishments that have been destroyed by the lava.
Third informative note about the floods that occurred between the 29th of August and the 2nd of September, followed by the floods that occurred between the 20th and the 24th of September, in very diverse areas of Spain
1 October, 2021
During the month of September, two episodes of Isolated Depression in High Levels (DANA) occurred, which, in both cases, have affected very different areas of Spain. As a whole, the CCS has received 17,001 requests for flood damage compensation to date, with an estimated cost of just over €87 M.
5 July, 2021
Consorcio de Compensación de Seguros (CCS) has just published its 14th issue of the Consorseguros Digital Magazine, in which new information about flood loss data in Spain at the municipal level and the statistics of their functions as a Guarantee Fund in the Motor-car Third Party Liability compulsory insurance during the last 20 years is published.
Besides, it counts with contributions from the AON Foundation Catastrophe Observatory, the Military Emergencies Unit (UME), the automobile research centre CESVIMAP, the Canary Islands Volcanology Institute and about the last developments in adaptation and risk reduction from the Spanish Direction General for Water and Spanish Office for Climate Change, as well as the usual case law review.
We kindly remind you that all previous contents are accessible through the magazine's site.
- 03 Aug
The CCS publishes the Extraordinary Risks Statistics. Series 1971-2020
Under the section "Publications" on the Consorcio de Compensacion de Seguros' website, the document "Statistics. Extraordinary Risks. Series 1971-2020" has been published in PDF format. This year, as a new development, it is also available in Excel format with indexes and links in order to streamline information location and to make it easier to use the data. This Excel document also incorporates the annex "goods accident rate by province and cause".