All

about
us

We care about it
so that you don't have to

Insurance that covers Your lifestyle!

We believe that life is really simple!

Our goal is to be happy and loved for the longest time possible while spending time with people we care about. Our team consists of brightest minds in the insurance business – we will make sure that you never 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 ski trips with your family, roadtrips with your friends, dinner parties or wherever the world will take you.

Life is a constant flow – subscribe to our insurance whenever and wherever you need to. Cancel your subscription anytime, anywhere. We will take care of the rest!

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years of expreience

Balcia
Dream team

We are
Open

We do believe that open and transparent communication is most important value of relationships with our colleagues and customers.

We are
Dynamic

We do challenge ourselves and industry every day to get the best result.

We are
Global

We guarantee that personal and business success of our clients, no matter the scale or country, is in safe hands with us.

We do
care

We value trust above all. For us, 100% reliability is a must because our customers and their families deserve nothing less.

We do
Believe

We understand the real-life needs of people and appreciate the local specifics of every market we work in.

We
Build

Relationships and products that covers Your lifestyle and adapt flexibly to ever-changing market conditions.

Balcia
management
team

our best team leaders

Jānis LUCAUS

CEO

ELEONORA ZELMENE

BOARD MEMBER 

LAURA KRASTIŅA

BOARD MEMBER

ILGVARS GIRGENSONS

BOARD MEMBER

REINIS BĒRZKALNS

VICEPRESIDENT

Artur SENČENKO

LITHUANIAN BRANCH DIRECTOR

JAN PIJEWSKI

POLAND BRANCH DIRECTOR

SANDRIS DRAVNIEKS

GERMANY BRANCH DIRECTOR

DENIS NIKOLAJEV

ESTONIAN BRANCH DIRECTOR

and 150+

cool
people

quick facts

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.

1993
Balcia Insurance SE is an internationally-recognized general insurance expert with many years of experience behind it. Established in Latvia in 1993 under its name Baltijas Transporta apdrošināšana (later – known as brand BTA), it soon became one of the leading full-scale insurance providers in the emerging Baltic markets
1993
2002
Since 2002, the company has extended its presence to the Baltic region, opening branches in Lithuania and Estonia.
2002
2008
In 2008, in the wake of the financial crisis, the insurer refocused its strengths and expanded further into European markets. The company was subsequently ranked among the 50 largest insurers of Central Europe (Deloitte ranking report 2013).
2008
2015
In 2015, the company underwent major restructuring by splitting the businesses – transferring the Baltic portfolio to newly established daughter company, and uniting its operations in the UK, France, Germany, Poland, Italy and Spain under the umbrella of Balcia Insurance SE.
2015
2016
After selling the major shares of the daughter company and Baltic business accordingly, since 2016 Balcia Insurance is focused on developing the business outside Baltic region.
2016
2017
In 2017, Balcia marked its return to the Baltics by opening a branch in Lithuania and developing new products in the private and corporate segment. The time for us to learn, setting the team and environment around us.
2017

RE

insurance

Balcia has an effective and safe reinsurance policy. 

We have Quota Share and Excess of Loss reinsurance agreements for large exposures as well as potential loss accumulation.

Risks are diversified by distributing them among several reinsurers. Balcia works with well-known international reinsurance companies of flawless reputation. 

Most of the reinsurers have Standard and Poor’s or A.M. Best rating above A-.

The largest reinsurance partners of Balcia in 2022

REINSURERS

Reinsurer Reinsurer’s rating Rating agency Reinsurer’s country of registration
SWISS RE EUROPE S.A. AA- Standard & Poor’s
Luxembourg
DEUTSCHE RUECKVERSICHERUNG AG
A+
Standard & Poor’s
Germany
GENERAL REINSURANCE AG
AA+ Standard & Poor’s Germany
VIG RE ZAJISTOVNA, AS A+ Standard & Poor’s Czech Republic

Reinsurance brokers

Brokerage companyServiceCountry of registration
AON VERSICHERUNGSMAKLER DEUTSCHLAND GMBH
Reinsurance mediationGermany
GUY CARPENTER & COMPANY GMBH
Reinsurance mediation
Germany

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    Balcia Headquarters

    Contact details

    Balcia Insurance SE 63 K. Valdemara Riga, LV-1010, Latvia


    +371 67 030 500

    +371 67 030 501

    balcia@balcia.com 

    Office working hours
    Monday – Friday 8:30-17:00 (UTC+02:00)

    Bank details

    Balcia Insurance SE
    Registration number: 40003159840

    Bank: Luminor Bank AS Latvian Branch
    SWIFT/BIC: RIKOLV2X
    EUR account: LV02 RIKO 0000 084 271 923

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