Credit insurance is an integral system for managing commercial risk, which allows companies to reinforce their risk selection systems, outsource their debt recovery processes and count on compensation guarantees common to the insurance against non-payments.

Prevention.
The different contribution of Credit insurance, which becomes extraordinary important in the current framework of continuous impairment, is its high capacity to ancitipate changes in the profile of companies which conform the entrepreneurial network. For that, Crédito y Caución counts on 80 years of historical data, information providers and data provided by insured companies in real time about payment behaviour of their customers portfolio. All this information feeds a system conceived as a kind of continually growing mecano, which nowadays has around 400 variables distributed in seven modules to monitor non-payment risk evolution perceived by the insurance company in each entreprise. Crédito y Caución systems examine more than 10,000 credit sales each day, setting limits to client solvency which are binding on the Company. This analysis and continuous follow-up represent an added value in all kind of environments. When morosity is low it acts as a profitable growth vector. When morosity is high, it acts as a protection factor, assessing, on a company by company basis, non-payment risk evoution in a changing environment.

Compensation.
This is an important part of the value proposal of the insurance credit: it implies that the operators assume non-payment risks with the insured companies. In 2008, compensations received by our clients grew in 72.2% to ?451.5 million. This guarantee provides financial support to ensure the liquidity of the insured policyholder, who receives compensation in the six months following a non-payment event of the transactions insured.

Debt Recovery.
Non-payment also activates mechanisms designed to recover unpaid credit. An extensive network of lawyers and cooperators, which compound a network of more than 300 offices, carries out the defense of our clients' interests within and beyond our frontiers.