ICEA is an association which aims to study and investigate matters relating to insurance. It was founded in Spain on February 1, 1963 as the first association for this purpose. It is made up of a group of insured insurers representing 92% of the volume of premiums of the Spanish sector, as well as by European and American entities.
For its creation, a group of Spanish insurers visited several countries of the West, in which this type of institutions already existed. The legal system existing at that time restricted the right to organize collectively in Spain to officially constituted bodies. Precisely on September 22, 1961, the Presidency of the Government issued a decree authorizing companies in the same sector to group, for purposes of study and research, in matters specific to their activity.
In 1974, ICEA developed the Spanish insurance strategic plan, in collaboration with the Stanford Research Institute.
In 1981, on the occasion of Insurance Day, the Government awarded the gold medal to the ICEA Insurance.
In 1988, King Juan Carlos I of Spain received in audience at the Palace of Zarzuela, a commission of directors of ICEA, on the occasion of the celebration of the 25th anniversary of the association. Among them was Jesús Serra, then CEO of Catalana Occidente.
In 1995, ICEA created a master's degree in insurance management for professionals in the insurance industry.
In 2001, the association presented the book "The Welfare State and the Pact of Toledo". The book analyzes social security problems in Europe and Spain, as well as proposals for reforms, focusing on the Spanish case and its Pact of Toledo, and suggests topics for reflection on the scope, viability and philosophy of the State of Wellness
As set out in ICEA's statutes, since its creation, the association has been entrusted with the following functions: 9
· Investigation of the insurance activity to contribute to the systematic improvement of the management of the Spanish insurance sector.
· Training of the professionals of the sector (managers, employees and agents of the insurers)
· Preparation of studies and statistics on the world of insurance.
· Support and technical advice to insurance companies