Solunion
Solunion is a Mapfre–Allianz Trade joint venture providing credit insurance, surety/bond insurance, and risk management services to mid-to-large enterprises and multinational corporations across Spain and Latin America.
- Company typePrivate
- Founded2013
- HeadquartersMadrid, Spain
- Headcount251–500
- GTM typeB2B
- OfferingServices
What Solunion does
Solunion Seguros, Compañía Internacional de Seguros y Reaseguros S.A. is a Spain-based, privately held credit insurance and surety insurance carrier, founded in 2013 as a joint venture between Mapfre and Allianz Trade (formerly Euler Hermes). Headquartered in Madrid under the supervision of the Dirección General de Seguros y Fondos de Pensiones (registry key C0571), the company operates across Spain, Colombia, Chile, Argentina, Mexico, Peru and Central America, with a financial strength profile rated A+ (Stable) by S&P Global and A+ (Excellent) by AM Best.
Its product suite centers on Seguro de Crédito (credit insurance protecting against buyer non-payment), Seguro de Caución (surety/bond insurance for contractual and customs guarantees), and complementary modules including the World Program for multinational accounts, the Mid-Size Multinationals product targeting EUR 100-300M revenue companies, and Pólizas for Factoring, Compromiso and Cadena de Pagos. The underlying technology platform combines proprietary credit risk data — a database of 95+ million companies and 5+ million daily risk decisions supported by 500+ analysts — with economic intelligence distributed through the Exportómetro publication and the II Foro Económico Solunion content series.
Solunion generates revenue primarily through B2B insurance premiums (annual billing) priced per client based on turnover, industry and risk profile. Distribution is hybrid: a broker/mediador network described as fundamental, supported by direct enterprise sales for multinational programs and country-specific localized websites. Customer segments include mid-to-large enterprises engaged in B2B trade, large multinationals with multi-country footprints, mid-sized multinationals, companies requiring performance/customs bonds, and clients needing cross-jurisdictional debt recovery services.
Solunion firmographics
Firmographics- Name
- Solunion
- Legal name
- Solunion Seguros, Compañía Internacional de Seguros y Reaseguros S.A.
- Website
- https://solunion.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Solunion is a Mapfre–Allianz Trade joint venture providing credit insurance, surety/bond insurance, and risk management services to mid-to-large enterprises and multinational corporations across Spain and Latin America.
- Ownership category
- akta.pro rank
Solunion industry classification
Industry- Product category
- Credit Insurance
- NAICS
- Insurance Carriers (5241), Insurance Carriers and Related Activities (524)
- SIC
- Insurance Carriers, Nec (6399)
- akta.pro primary industry
- Large Commercial Package (National Accounts) (FSAJAFAC)
Keywords
Where Solunion is headquartered
LocationHeadquarters
- HQ city
- Madrid
- HQ country
- Spain
- HQ region
- Europe
Offices7 records
Markets served
Solunion business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Seguro de Crédito (Credit Insurance): Core credit insurance product that protects policyholders against losses from non-payment by buyers/debtors. Provides three key functions: (1) preventive credit risk analysis, (2) debt recovery services, and (3) indemnification for irrecoverable debts. Revenue generated through insurance premiums.
- Seguro de Caución (Surety/Bond Insurance): Guarantee/surety insurance covering contractual obligations, customs bonds, and other financial guarantees. Revenue through insurance premiums. Recently expanded to Chile (January 2026) and Central America.
- Recobro / Debt Recovery Services: Debt collection and recovery services for policyholders, offered as part of credit insurance coverage or standalone. Helps clients pursue payment regardless of country or jurisdiction.
- Servicios de Información / Credit Information: Solvency and credit risk information services providing analysis of client and market financial health, enabling proactive risk management decisions. Content includes economic reports, country risk analyses, and sector-specific intelligence.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Credit Insurance — tailored pricing based on client risk profile and turnover |
| Subscription | Annual | Surety/Bond Insurance — tailored pricing per contract/guarantee type |
| Subscription | Annual | World Program for multinationals — global coordinated pricing |
| Subscription | Annual | Mid-Size Multinationals — EUR 100-300M revenue companies |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels7 records
Solunion product offering
Product offeringCore offering
Solunion provides credit insurance and surety/bond insurance to businesses selling on credit to other companies. Core products include Seguro de Crédito (protecting against buyer non-payment with risk analysis, debt recovery, and indemnification), Seguro de Caución (contract performance, customs and advance payment guarantees), and Gestión de Riesgos (financial solvency analysis and commercial risk advisory). The firm serves mid-to-large enterprises and multinationals, including a dedicated Mid-Size Multinationals product and the World Program for globally coordinated coverage.
Product overview
Solunion offers a comprehensive suite of credit and surety insurance products and risk management services. The core offering consists of Seguro de Crédito (Credit Insurance) and Seguro de Caución (Surety Bond Insurance), complemented by specialized modules including Mid-Size Multinationals for mid-sized companies, World Program for global multinationals, Póliza de Compromiso (medium-term policies), Póliza de Factoring, and Póliza de Cadena de Pagos. Additional services include Gestión de Riesgos (risk management advisory) and Exportómetro (economic intelligence and country risk analysis). The product architecture provides 360-degree risk management solutions through multi-channel distribution.
Differentiator
Problem solved
Functional benefit
Brands
- Canal Impulso: Whistleblower channel for reporting compliance violations and regulatory infractions
- Mid-Size Multinationals
- Compromiso
- Cadena de Pagos
Products and services
- Seguro de Crédito
Quantifiable outcome
- 95+ million companies monitored in proprietary database
- +5 more outcomes
Companies that use Solunion
Customer profileSegments5 records
Ideal customer profiles4 records
Solunion technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Solunion partnerships and signals
Strategic signalScale indicators7 records
Recent moves7 records
Expansion highlights6 records
Solunion competitors and assessment
Company assessmentDirect peers
- Crédito y Caución: Spain's leading credit insurance carrier, now part of the Atradius group. Direct overlap with Solunion in the Spanish market across credit insurance and surety products.
- Coface: Paris-headquartered global trade credit insurance carrier with direct overlap with Solunion in credit insurance, surety, and country risk intelligence services, particularly in Latin America and Europe.
- Atradius: Dutch-based global credit insurance, surety, and debt collection provider with a strong Iberian and Latin American footprint (including Crédito y Caución in Spain), directly competing with Solunion in core markets.
- Allianz Trade (formerly Euler Hermes): World's largest trade credit insurer and 50% shareholder of Solunion. Directly comparable as a credit insurance underwriter, debt collection, and country risk intelligence provider; competes with Solunion outside the JV geographies.
- CESCE: Spanish state-affiliated export credit insurer offering credit insurance and risk management services in Spain and Latin America; competes directly with Solunion in trade credit and country risk coverage.
- Euler Hermes (legacy brand): Predecessor brand of Allianz Trade; included as it remains how many customers and intermediaries reference the global credit insurance peer Solunion is benchmarked against.
Broad incumbents
- Zurich Insurance Group: Global incumbent insurer with a trade credit and surety line that overlaps with Solunion's offering for multinational clients, although credit insurance is a smaller part of Zurich's broader portfolio.
- Liberty Mutual Insurance: Global insurer with a trade credit insurance and surety business competing for multinational accounts in Latin America and Europe alongside Solunion.
- AIG: Large global insurer with trade credit and political risk insurance capabilities; overlaps with Solunion's multinational and political risk offerings for large accounts.
Regional players
- Iberinform: Spain and Portugal-focused business information and debt recovery provider; an adjacent peer in commercial credit information and recovery services that complements the credit insurance value chain.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Solunion social profiles
Digital presenceSolunion compliance and trust
Trust signalCompliance10 records
Solunion financial estimates
Financial estimateRevenue estimate
Valuation estimate
Solunion leadership team
Management profileNumber of profiles
Profiles9 records
Solunion subsidiaries and ownership
Company hierarchySubsidiaries7 records
Solunion funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Solunion M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Solunion
What does Solunion do?
Solunion provides credit insurance and surety/bond insurance to businesses selling on credit to other companies. Core products include Seguro de Crédito (protecting against buyer non-payment with risk analysis, debt recovery, and indemnification), Seguro de Caución (contract performance, customs and advance payment guarantees), and Gestión de Riesgos (financial solvency analysis and commercial risk advisory). The firm serves mid-to-large enterprises and multinationals, including a dedicated Mid-Size Multinationals product and the World Program for globally coordinated coverage.
Is Solunion a public or private company?
Solunion is a private company. It is classified as corporate owned and is currently operating.
When was Solunion founded?
Solunion was founded in 2013. It employs 251 to 500 people.
Where is Solunion based?
Solunion is headquartered in Madrid, Spain, in the Europe region.
How does Solunion make money?
Four revenue lines are on record. Seguro de Crédito (Credit Insurance) is the primary driver. The others are seguro de Caución (Surety/Bond Insurance), recobro / Debt Recovery Services and servicios de Información / Credit Information.
Who are Solunion's main competitors?
Direct peers on record are Crédito y Caución, Coface, Atradius, Allianz Trade (formerly Euler Hermes), CESCE and Euler Hermes (legacy brand). Broad incumbents are Zurich Insurance Group, Liberty Mutual Insurance and AIG. Iberinform is listed as a regional player.
Does Solunion have an API?
No public API is recorded for Solunion.
What industry is Solunion in?
Solunion's product category is Credit Insurance. Its primary akta.pro industry code is FSAJAFAC, Large Commercial Package (National Accounts). Its NAICS code is 5241 and its SIC code is 6399.