Years of experience
We care about it
so that you don't have to
Insurance that covers Your lifestyle!
We believe that life is really simple!
The goal is to be happy and loved for the longest time possible while spending time with the people you care about. Our team consists of the brightest minds of insurance business that will make sure that you won’t ever have to sweat the small stuff.
We like to define our company by our clients - you set the rules and we play by them. Take us with you on your ski trips with your family, roadtrips with your friends, dinner parties and wherever else the world takes you.
Life is a constant flow – subscribe to insurance whenever and wherever you need to. Cancel your subscription anytime, anywhere. We will take care of the rest!
our best team leaders
Lithuanian Branch director
Germany Branch Director
Poland Branch Director
We have built our success story step by step. Decades of dedicated work and accumulated experience have created the Balcia Insurance you see today. Flexible in its approach, quickly responds to the needs of each specific market, focusing on non-life insurance products and services according to people's needs.
Our journey into the insurance world has just begun in a new way! With new perspective and vision in the market by developing products and services based on people needs and technology point of view - we are proud to announce our newest way of buying , canceling insurance products and developing new tendencies in the insurance market.
Quarterly reports are prepared and published in accordance with the Latvian Financial and Capital Market Commission Regulations No. 147 of 31.08.2016 on financial reporting requirements for insurers.
Annual reports are prepared in accordance with IFRS and are audited by KPMG.
Our risk assessment has proven to be a winning combination of a prudent approach and strategic business thinking.
Balcia Insurance applies a conservative risk reinsurance policy. Not just reinsurers are involved in reinsuring large exposures — additional reinsurance is established for protection from potential loss accumulation. Balcia has quota share and excess of loss reinsurance agreements where the retained share is established per object and per event.
Risks are diversified by distributing them among several reinsurers. Balcia Insurance works with only established international reinsurance companies of flawless reputation.
The largest reinsurance partners of Balcia Insurance in 2019 (information updated 31.12.2019).
|Reinsurance companies||Reinsurer’s rating||Rating awarding agency||Reinsurer’s country of registration|
|SWISS RE EUROPE S.A.||AA-||Standard & Poor’s||Luxembourg|
|THE TOA 21ST CENTURY REINSURANCE COMPANY LTD||A+||Standard & Poor’s||Switzerland|
|GENERAL REINSURANCE AG||AA+||Standard & Poor’s||Germany|
|SCOR SE||AA-||Standard & Poor’s||France|
|Brokerage company||Service||Country of registration|
|Aon Versicherungsmakler Deutschland GmbH||Reinsurance mediation||Germany|
|Guy Carpenter & Company Ltd.||Reinsurance mediation||the UK|
Registration number: 40003159840
EUR account: LV02 RIKO 0000 084 271 923
EUR account: LV89 LLBB 0003 252 000 042
EUR account: LV30 UNLA 0050 023 217 552
EUR account: LV48 PARX 0000 978 385 555
EUR account: LV18 HABA 0551 051 977 628