CESCE
- Company typePrivate
- Founded1970
- HeadquartersMadrid, Spain
- Headcount—
- GTM typeB2B
- OfferingServices
CESCE firmographics
Firmographics- Name
- CESCE
- Legal name
- Compañía Española de Seguros de Crédito a la Exportación, S.A. CÍA DE SEGUROS Y REASEGUROS (SME)
- Website
- https://cesce.es
- Company type
- Private
- Founded year
- 1970
- Operating status
- Operating
- Ownership category
- akta.pro rank
CESCE industry classification
Industry- Product category
- Credit Insurance
- NAICS
- Direct Insurance (except Life, Health, and Medical) Carriers (52412)
- SIC
- Fire, Marine & Casualty Insurance (6331), Surety Insurance (6351)
- akta.pro primary industry
- Commercial Surety Bonds (FSAJAIAB)
- akta.pro secondary industries
- Structured Trade & Export Credit (ECA-backed, Structured Solutions) (FSABAHAJ), Mid-Market Commercial Package (Package Policies) (FSAJAFAB)
Keywords
Where CESCE is headquartered
LocationHeadquarters
- HQ city
- Madrid
- HQ country
- Spain
- HQ region
- Europe
Offices7 records
Markets served
CESCE business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others
Revenue model
- Credit Insurance Premiums: Core revenue from credit insurance policies protecting businesses against customer non-payment. Premiums calculated based on turnover, debtor risk profiles, and coverage levels. Multiple product tiers from SME-focused Póliza Fácil to enterprise Master Oro Integral.
- Surety Insurance (Seguros de Caución): Guarantee insurance for contract fulfillment obligations, covering public procurement, execution guarantees, and legal requirements. Revenue from policy premiums for guaranteeing contractual or legal obligations.
- State Account Export Credit: Export credit insurance managed on behalf of the Spanish State, covering political, commercial, and extraordinary risks for Spanish companies' international operations. CESCE operates as the official Export Credit Agency (ECA) for Spain.
- Factoring and Invoice Advance Services: Non-recourse factoring and invoice advance services providing liquidity to clients. Second-largest non-bank financing source in Spain with average funding time of 0.7 days. Revenue from service fees and interest differentials.
- Risk Monitoring and Advisory Services: Country risk intelligence, client monitoring, geomarketing, and market prospecting services. Fees for risk analysis reports, database access, and advisory consultations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Póliza Fácil for SMEs with billing up to €5M: fixed premium adjusted to billing volume with flat analysis fees |
| Freemium | Annual | Quantum Servicios: Freemium model with 3-month free trial, then €100/year subscription |
| Usage-based | Pay-as-you-go | Factura Segura Exprés: Per-use pricing on financed invoice amounts |
| Usage-based | Pay-as-you-go | Deudor Seguro Exprés: Digital insurance with upfront pricing, no minimum premium |
| Subscription | Annual | Póliza Industrial: Custom pricing for contract-specific coverage |
| Subscription | Annual | Póliza Clásica: Fixed rate across entire client portfolio with no billing limitations |
Go-to-market motion2 records
Distribution channels6 records
Marketing channels6 records
CESCE product offering
Product offeringCore offering
CESCE underwrites commercial credit insurance and surety bonds that protect businesses against customer non-payment and contract non-performance, and it exclusively manages Spain's state-account export credit insurance covering political, commercial, and extraordinary risks for Spanish international operations. The company supplements these insurance products with risk monitoring, country risk intelligence, geomarketing, and non-bank financing services (invoice advance/factoring and banking financing support).
Product overview
CESCE (Compañía Española de Seguros de Crédito a la Exportación) operates as Spain's official Export Credit Agency (ECA) offering a comprehensive portfolio of credit and surety insurance products alongside digital platforms and financial services. The core offering includes credit insurance products (Seguros de Crédito) with multiple policy variants: Master Oro Integral for comprehensive coverage, Master Flexible for customizable protection, Póliza Clásica at fixed rates, Póliza Fácil for SMEs, and Póliza Industrial for contract-specific coverage. These are complemented by surety insurance (Seguros de Caución) and State-account insurance for internationalization risks. The digital ecosystem includes Quantum Servicios (freemium credit management platform), Deudor Seguro Exprés and Factura Segura Exprés (digital insurance products), Cesnet (customer portal), and Api Market (integration platform). Support services encompass risk monitoring, country risk intelligence, geomarketing, invoice financing through factoring, and banking financing support.
Differentiator
Problem solved
Functional benefit
Brands
- Cesce Riesgo País: Country risk intelligence and geopolitical analysis services for international business decisions
- CESNET
- Quantum Servicios
- Póliza Industrial
- Póliza Clásica
- Póliza Fácil
- Deudor Seguro Exprés
- Factura Segura Exprés
Products and services
- Seguros de Crédito (Credit Insurance)
Quantifiable outcome
- 0.7 days average funding time for invoice advances
- +4 more outcomes
Companies that use CESCE
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles4 records
CESCE technology and API
TechnologyTechnology focussed No
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature4 records
CESCE partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered flagship, core and minor.
- Saudi EXIM BankflagshipStrategic agreement to boost exports and economic cooperation between Spain and Saudi Arabia. Aims to facilitate Spanish companies' access to Saudi markets and strengthen bilateral trade relations.
- INFORMA (Informa D&B)coreDistribution partnership for Deudor Seguro Exprés digital credit insurance product. INFORMA customers can purchase CESCE insurance directly through Informa and eInforma websites while consulting commercial reports on their clients.
- CrealsaminorFinancing platform distribution partner for Factura Segura Exprés, enabling instant credit insurance purchase during invoice financing requests through the Crealsa platform.
Scale indicators8 records
Recent moves6 records
Expansion highlights3 records
CESCE competitors and assessment
Company assessmentDirect peers
- Atradius: Atradius is one of the world's largest credit insurers, headquartered in the Netherlands, offering trade credit insurance, surety, collections and credit information globally. It is the closest direct competitor to CESCE in Spanish and European commercial credit insurance, and overlaps materially on surety bonds via Crédito y Caución in Spain.
- Coface: Coface is a publicly listed French credit insurer operating in roughly 100 countries, providing trade credit insurance, surety, factoring and business information. It directly competes with CESCE in credit insurance and surety across the Iberian and LATAM markets and is one of the three global ECAs alongside Euler Hermes and CESCE.
- Allianz Trade (formerly Euler Hermes): Allianz Trade is the trade credit insurance arm of Allianz Group and the global market leader in credit insurance, also acting as Germany's official ECA-equivalent (with Euler Hermes). It is the dominant alternative to CESCE for Spanish multinational exporters and competes head-to-head on surety and country-risk intelligence.
- Crédito y Caución (Atradius Seguros y Reaseguros): Crédito y Caución is the Spanish subsidiary of the Atradius group and the historical credit insurance and surety rival to CESCE inside Spain. It serves the same Spanish SMEs, mid-market and large enterprises as CESCE, with overlapping broker and direct distribution.
- MAPFRE Surety / MAPFRE Crédito: MAPFRE is a major Spanish and LATAM multiline insurer with credit and surety lines through specialized subsidiaries. It directly competes with CESCE inside Spain and across Latin America for both commercial credit insurance and surety bonds, and shares the same distribution footprint in markets like Mexico and Brazil.
Broad incumbents
- Surety / Fidelity peers (Travelers, Liberty Mutual Surety, Zurich Surety): Travelers, Liberty Mutual and Zurich Surety are large US/European surety carriers underwriting contract and commercial surety at global scale. They are incumbents competing with CESCE's Seguros de Caución for large infrastructure, public procurement and performance-bond mandates, especially on cross-border Spanish-speaking projects.
Emerging players
- Bureau van Dijk (Moody's Analytics): Bureau van Dijk is a global commercial-data and entity-information provider integrated into Moody's Analytics, comparable in function to CESCE's Cesce Riesgo País and INFORMA business information subsidiaries. It is an indirect competitor for credit intelligence, debtor monitoring and country-risk data that feed insurance underwriting decisions.
- Credendo – Export Credit Agency (Belgium): Credendo is a Belgium-based European credit insurer offering trade credit insurance, surety and credit information across Europe with growing LATAM reach. It is a smaller, more focused competitor that nonetheless overlaps CESCE on cross-border SME and mid-market credit insurance in Iberia and emerging markets.
Regional players
- UK Export Finance (UKEF): UKEF is the United Kingdom's official Export Credit Agency, providing ECA-backed political and commercial risk cover to UK exporters. It plays an analogous role to CESCE in its state-account capacity — making it the most direct functional peer to CESCE's Seguros por Cuenta del Estado, albeit in a different national jurisdiction.
- Bpifrance Assurance Export: Bpifrance is France's state-backed export credit and SME-finance vehicle, exporting French ECAs operations equivalent to CESCE's role for Spain. It is closely comparable in mandate (state-account ECA), credit insurance offering and SME-financing support, and is the closest functional French counterpart to CESCE.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
CESCE social profiles
Digital presenceCESCE compliance and trust
Trust signalCompliance7 records
CESCE financial estimates
Financial estimateRevenue estimate
Valuation estimate
CESCE leadership team
Management profileNumber of profiles
Profiles5 records
CESCE subsidiaries and ownership
Company hierarchySubsidiaries10 records
CESCE funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CESCE M&A and investment
M&A and investmentM&A
Investments5 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CESCE
What does CESCE do?
CESCE underwrites commercial credit insurance and surety bonds that protect businesses against customer non-payment and contract non-performance, and it exclusively manages Spain's state-account export credit insurance covering political, commercial, and extraordinary risks for Spanish international operations. The company supplements these insurance products with risk monitoring, country risk intelligence, geomarketing, and non-bank financing services (invoice advance/factoring and banking financing support).
Is CESCE a public or private company?
CESCE is a private company. It is classified as unknown and is currently operating.
When was CESCE founded?
CESCE was founded in 1970.
Where is CESCE based?
CESCE is headquartered in Madrid, Spain, in the Europe region.
How does CESCE make money?
Five revenue lines are on record. Credit Insurance Premiums are the primary driver. The others are surety Insurance (Seguros de Caución), state Account Export Credit, factoring and Invoice Advance Services and risk Monitoring and Advisory Services.
Who are CESCE's main competitors?
Direct peers on record are Atradius, Coface, Allianz Trade (formerly Euler Hermes), Crédito y Caución (Atradius Seguros y Reaseguros) and MAPFRE Surety / MAPFRE Crédito. Surety / Fidelity peers (Travelers, Liberty Mutual Surety, Zurich Surety) is listed as a broad incumbent. Emerging players are Bureau van Dijk (Moody's Analytics) and Credendo – Export Credit Agency (Belgium). Regional players are UK Export Finance (UKEF) and Bpifrance Assurance Export.
Does CESCE have an API?
Yes. Api Market provides integration capabilities enabling users to integrate CESCE services and functionalities into their own systems. The service includes a complete catalog of API products and applications for credit management and decision-making support. It is described as a free service that facilitates credit management within the enterprise.
What industry is CESCE in?
CESCE's product category is Credit Insurance. Its primary akta.pro industry code is FSAJAIAB, Commercial Surety Bonds, with a secondary code of FSABAHAJ, Structured Trade & Export Credit (ECA-backed, Structured Solutions). Its NAICS code is 52412 and its SIC code is 6331.