In order to open high specialized markets for the Spanish insurance brokers, Millennium is promoting the guarantee insurance as an alternative to the bank guarantees, which demand the public administration as a financial guarantee. The advantages of buying a technical guarantee in a company instead of a bank are the following:
Accumulation of risks reduction: The guarantees requested to the banking institutions are controlled by CIRBE (Risk Information Centre), which produces fixed assets and a loss of investment capacity of the company. In view of this situation, the most profitable option are the insurer companies, which are not affected by the CIRBE registry.
Improvement of the economical conditions and premiums reduction: The banking institutions do not work with guarantees and, therefore, their issue entail an increase of the insured amount.

No commissions: The hiring of these guarantees through banks entails various additional costs such as the opening and closing fee commission, etc..., which are not charged by the insurers.
Automatic procedures: Immediate hiring: Unlike the banking institutions, the insurance companies arrange a guarantee policy extension automatically and without additional costs.

The guarantee Insurance (technical guarantee) is one of the most efficient solutions for all the companies that, due to legal or contractual demand, need to guarantee the fulfillment of the duties contracted against third parties, such as the Public Administrations, private companies or official organizations.