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
Thirteenth informative note about the CCS' activity due to the volcanic eruption on the island of La Palma
17 January, 2022
As of 14th January, the CCS has paid out 90,567,853 euros to the insured affected by the volcanic eruption on the island of La Palma.
10 January 2022
The Consorcio de Compensación de Seguros (CCS) has just edited issue 15 of its digital magazine, Consorseguros (www.consorsegurosdigital.es), which we hope will be of interest to you.
The volcanic eruption on the island of La Palma during the last quarter of 2021 has made the Editorial Board of Consorseguros Digital dedicate the second issue of this year to "Insurance cover of volcanic risks". In it, we set forth aspects related to this eruption and to the CCS's management of it and the forecasts on this point. No less important is the comparative study, provided by seven international collaborations, of the evaluation, management and insurance coverage of this type of risk, with examples on all the continents.
We would like to remind you that you may access all the contents through the magazine's web site.
First informative note about the floods occurring from the end of October up until December in very diverse places around Spain
23 December, 2021
After the cut-off lows (DANA) that occurred during the month of September (please see 5th informative note by the CCS published today on this web site), in the months of October, November and December several episodes of flooding have occurred, with an increasing intensity. These episodes are summarised below.
- 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".