Solunion Seguros

What Solunion Seguros does

Solunion Seguros, Compañía Internacional de Seguros y Reaseguros S.A., is a Madrid-based insurance company founded in 2013 that specializes in credit and surety insurance (seguro de Crédito y Caución) for businesses operating in Spain and Spanish-speaking Latin American markets including Mexico, Chile, Colombia, Argentina, Peru, and Central America. The company is authorized by the Spanish Ministry of Economic Affairs and Digital Transformation (Dirección General de Seguros y Fondos de Pensiones, administrative key C0571) to operate in the credit and surety insurance branches, and holds an A+ rating from S&P Global Ratings and an A (Excellent) rating from AM Best.

The company's core offering is a modular portfolio of credit insurance policies including Póliza Global (comprehensive multi-market coverage), Póliza PY (tailored for SMEs/PYMES), Póliza CAP/CAP+ (second-layer protection for unapproved or high-risk buyers), Póliza Confianza (excess-of-loss cover), Póliza Mid-Term/Compromiso (mid-term manufacturing orders), Póliza Single Buyer UNO, Póliza Mid-Size (multinational subsidiaries), and Soluciones TCU (political/contract risk), complemented by surety bonds (Seguro de Caución). Underpinning these products is a digital ecosystem comprising the proprietary Grade internal credit scoring service, MiSolunion online policy administration portal (24/7 self-service), Estratify risk management and ESG self-assessment platform, Solunion API for ERP/CRM integration, plus Smartcover and Grade Pass portfolio analytics services. Debt recovery is delivered through the Euler Hermes international collection network, providing cross-border capability in 200+ countries.

Solunion generates revenue primarily through insurance premiums (credit and surety, recurring annual subscriptions) and professional service fees for debt collection. Its go-to-market is sales-led, combining direct field sales for large enterprises and multinationals with self-service digital access (MiSolunion) and embedded distribution (Solunion API) for SMEs and integrators. Customer segmentation is horizontal by company size: SMEs (PYMES), large enterprises, and multinationals, each addressed by tailored policy products. Pricing is fully quote-based with no public tiers, and premiums vary by sector, turnover, customer portfolio risk, and coverage limits.

Name

Solunion Seguros

Legal name

Solunion Seguros, Compañía Internacional de Seguros y Reaseguros S.A.

Website

https://solunion.es

Company type

Private

Founded year

2013

Operating status

Operating

Short description

Solunion Seguros is a Madrid-headquartered credit and surety insurance company serving SMEs, large enterprises, and multinationals across Spain and Latin America, combining modular insurance policies with proprietary credit scoring (Grade), digital platforms (MiSolunion, Estratify), and the Euler Hermes international debt collection network.

Ownership category

akta.pro rank

Product category

Commercial Credit Insurance

NAICS

Credit Intermediation and Related Activities (522)

SIC

Insurance Carriers, Nec (6399)

akta.pro primary industry

Third-Party Debt Collection Agencies (Consumer & Commercial) (BPAAAEAB)

Keywords

• Credit insurance
• Surety bonds
• Trade credit risk
• Debt collection services
• Commercial credit insurance

Headquarters

HQ city

Las Rozas De Madrid

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Credit Insurance Premiums: Solunion earns revenue through insurance premiums charged to policyholders for coverage against commercial credit default risk. Policies are tailored to businesses of different sizes (Póliza Global, Póliza PY, Póliza CAP, Póliza Confianza, Póliza Mid-Term, Single Buyer Póliza UNO, and Mid-Size), with premiums varying by coverage scope, risk profile, and customer portfolio size.
2. Surety Bond Insurance (Seguro de Caución): Surety insurance products provide financial guarantees required in commercial contracts, public tenders, and regulatory contexts, generating premiums similar to credit insurance.
3. Debt Collection Services (Recobro): Collection services for unpaid commercial debts, provided through Solunion's international collection network (Euler Hermes), generating service fees for debt recovery.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Solunion Seguros underwrites commercial credit insurance policies (Póliza Global, Póliza PY, Póliza Mid-Size and tailored variants such as CAP/CAP+, Confianza, Mid-Term, TCU and Single Buyer) that protect businesses against customer non-payment and insolvency. It also issues surety bonds (Seguro de Caución) for contractual and regulatory guarantees, and delivers complementary services including international debt collection (Recobro), credit scoring (Grade, Smartcover, Grade Pass) and digital risk management platforms (MiSolunion, Estratify, Solunion API) serving SMEs, large enterprises and multinationals across Spain and Latin America.

Product overview

Solunion Seguros operates as a credit and surety insurance company offering a portfolio of insurance products and digital services. The core offerings include credit insurance policies (Póliza Global, Póliza PY, Póliza Mid-Size) that protect businesses against commercial and political risks, with specialized add-on modules (CAP/CAP+, Confianza, Mid-Term, TCU, Single Buyer) for specific use cases. Digital services include MiSolunion for online policy management, the Solunion API for system integration, and the Estratify platform for risk assessment and ESG evaluation. Supporting services include debt collection, credit rating (Grade), and surety insurance. The company is part of the Euler Hermes international network and maintains operations across Spain and Latin America.

Differentiator

Problem solved

Functional benefit

Brands

• MiSolunion: Online policy administration system allowing 24/7 access to policy management.
• Estratify
• Canal Impulso

Products and services

• Póliza Global Comprehensive credit insurance policy that protects businesses against non-payment and commercial risk across both domestic and international sales.
• Póliza PY Credit insurance policy designed for small and medium-sized businesses (pymes) that want autonomy to manage sales and grow securely under coverage against non-payment.
• Póliza CAP/CAP+ Second-layer credit insurance protection for specific transactions and operations with high-risk or unapproved debtors, supplementing an underlying policy.
• Póliza Confianza Excess-of-loss credit insurance solution that protects companies against exceptional claim deviations caused by definitive insolvency of clients across market types.
• Póliza Mid-Term (Compromiso) Mid-term credit insurance for covering commercial orders involving products with extensive manufacturing periods, covering non-payment risk over long delivery cycles.
• Soluciones TCU Custom-designed policies mitigating payment and political risks arising from contract interruption, bank guarantees or credit operations.
• Póliza Single Buyer (UNO) Individual credit insurance coverage for a single client, calibrated to that client's economic situation, importance or operation volume.
• Póliza Mid-Size Commercial credit insurance for multinational companies with operations and subsidiaries in multiple countries, providing centralized worldwide policy administration.
• Seguro de Caución Surety bond insurance providing financial guarantees for administrative concessions, contract execution, public tenders and other regulatory contexts.
• MiSolunion - Crédito Online digital platform providing 24/7, seven-days-a-week access for managing credit insurance policies, credit limit requests and policy administration.
• Solunion API API service enabling integration of Solunion's credit insurance solutions into customer automated systems and business processes (e.g., ERP, CRM).
• Estratify Digital risk management and decision platform enabling businesses to minimize risk and make better decisions, offering ESG self-evaluation, credit analysis and risk monitoring.
• Servicio Recobro Debt collection service recovering unpaid commercial debts through the Euler Hermes international collection network, the world leader in unpaid debt management.
• Servicio Smartcover Service that allows companies to obtain a credit classification based on their customers' Grade scores, enabling fast credit decisions.
• Servicio Grade Internal Solunion credit scoring service measuring the probability of default of commercial buyers, used to assess credit risk.
• Grade Pass Analysis service providing the credit risk profile of a company's customer portfolio with sector-wide risk insights.

Quantifiable outcome

• Solunion's digital platform MiSolunion allows 24/7 access to policy management without time restrictions.
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature6 records

Partnerships

One partnership is on record.

• Euler HermescoreStrategic or Co-development PartnerSolunion is part of the international Euler Hermes debt collection network, described as 'número uno mundial en gestión de impagados' (world number one in unpaid debt management). Euler Hermes provides the international reach and infrastructure for Solunion's debt collection and credit risk services, enabling cross-border debt recovery across 200+ countries.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• AXA: AXA is a global multi-line insurance and asset management group operating across Europe and Latin America. It serves overlapping SME, large enterprise, and multinational customers in Solunion's geographies, with credit insurance as part of a broader commercial insurance offering rather than as a specialized line.
• MAPFRE: MAPFRE is a major Spanish global insurance group and Solunion's joint venture partner (alongside Euler Hermes/Allianz). It is a broad incumbent offering P&C, life, and reinsurance across Spain and Latin America, providing direct comparability for the home markets Solunion serves, though it does not specialize in credit insurance.
• Allianz: Allianz is the parent group of Euler Hermes/Allianz Trade and a global multi-line insurance leader. Through its ownership of Euler Hermes, Allianz is structurally connected to Solunion's network, and it also competes as a broad incumbent in P&C, life, and commercial insurance across Solunion's geographies.
• Zurich Insurance Group: Zurich Insurance is a global multi-line insurer that includes credit and surety capabilities within its broad commercial portfolio. It competes for large enterprise and multinational risk management accounts that overlap with Solunion's upper-market segments, but as a generalist rather than credit insurance specialist.
• AIG: AIG is a global broad-line insurer offering commercial and specialty products including trade credit, surety, and political risk. It overlaps with Solunion for multinational and large enterprise accounts, though credit insurance is one product line among many rather than its core specialty.

Direct peers

• Cesce: Cesce is the Spanish export credit agency and a major domestic credit insurer with comparable product lines (credit insurance, surety, business information) and shared home-market regulatory environment. It is Solunion's most direct Spanish competitor for SME and large enterprise accounts.
• Atradius: Atradius is one of the world's largest credit insurance, surety, and debt collection providers, with strong presence in Spain and Latin America. It directly competes for the same SME, large enterprise, and multinational customers with overlapping products (credit insurance, surety, collections, credit information).
• Credendo: Credendo is a European credit insurance group operating across multiple EU markets, offering trade credit insurance, surety, and related services. It is a comparable specialty insurer with similar business model and product scope, though focused on European rather than Spanish-speaking markets.
• Coface: Coface is a French-headquartered global credit insurer operating in 100+ countries, with direct credit insurance, surety, debt collection, and business information services. It competes with Solunion for multinational and SME credit insurance accounts across Europe and Latin America.
• Euler Hermes / Allianz Trade: Allianz Trade (formerly Euler Hermes) is the world's #1 credit insurance provider and Solunion's core strategic partner. It directly competes in the same product category (trade credit insurance) globally and provides Solunion's international debt collection and analyst network, making it both the most comparable peer and the relationship that most shapes Solunion's economics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

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• LinkedInlinkedin.com/company/solunion-seguros-de-credito-espana

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Solunion Seguros