COMPARING CESCE'S EASY POLICY TO OTHER CREDIT INSURANCE OPTIONS

Characteristics:

• Simplicity / speed of contracting Very high: "agile, transparent and easy", without the need for prior portfolio valuation.
• Declared portfolio / identified customers Allows you to insure identified customers (up to 85% coverage) or unidentified customers (60%).
• Limits and remuneration For unidentified clients there is an annual compensation limit of up to 3 times the premium.
• Geographical coverage National and some international countries (about 32–35 countries)
  ✓ Collection management. Includes non-payment recovery service as part of the contract.
• Transparency of the CESCE cost with Easy Policy "you will immediately know the final price" according to insurable billing, without readjustment of premiums during the year.

Other more "traditional" policies usually involve prior portfolio valuation, periodic sales statements, more complex monitoring limits, premium adjustments based on actual sales, and a greater administrative burden for the insured. (This is the usual model of credit insurance)

COMPARATIVE ADVANTAGES OF THE EASY POLICY:

• Less paperwork and initial administrative procedures.
• Transparency in the cost (fixed premium for the year).
• Flexibility: You don't need to identify all customers, you can choose which customers to secure.
• Greater accessibility for SMEs that do not want to invest resources in credit insurance management.

ESTIMATING THE PRICE OF A CREDIT INSURANCE POLICY

Determining exactly how much it would cost you depends on many factors (turnover, customer profile, sector, risk, deadlines). But I can give you a reference and a guide to estimate.

GENERAL REFERENCES

According to specialized sources, premium rates for credit insurance in Spain are usually between 0.10% and 1% of insured sales, depending on the specific risk.

In the case of the Easy Policy, CESCE shows an example: for a company with a turnover of €600,000, the premium would be €3,420. In addition, the flat rate for analysis expenses for the year would be €855, although with promotion it is €1.

That assumes an effective premium rate of ~3,420 / 600,000 = 0.57% on insurable sales in that example.

ESTIMATING FOR YOUR COMPANY

To make a more adapted estimate, I need some data from you (or hypothetical):

• Annual turnover you want to ensure.
• Customer profile (low, medium, high risk).
• Average payment term (30, 60, 90 days, etc.).

But to give you an illustration, let's assume that your company has an insurable turnover of €500,000 per year, with moderate-risk customers, average payment terms, mainly national:

If the rate were around 0.5%, the estimated premium would be ~€2,500/year.

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