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!
years of expreience
We do believe that open and transparent communication is most important value of relationships with our colleagues and customers.
We do challenge ourselves and industry every day to get the best result.
We guarantee that personal and business success of our clients, no matter the scale or country, is in safe hands with us.
We value trust above all. For us, 100% reliability is a must because our customers and their families deserve nothing less.
We understand the real-life needs of people and appreciate the local specifics of every market we work in.
Relationships and products that covers Your lifestyle and adapt flexibly to ever-changing market conditions.
our best team leaders
LITHUANIAN BRANCH DIRECTOR
POLAND BRANCH DIRECTOR
GERMANY 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.
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.
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
|Reinsurer||Reinsurer’s rating||Rating agency||Reinsurer’s country of registration|
|SWISS RE EUROPE S.A.||AA-||Standard & Poor’s||
|DEUTSCHE RUECKVERSICHERUNG AG||
|Standard & Poor’s||
GENERAL REINSURANCE AG
|AA+||Standard & Poor’s||Germany|
|VIG RE ZAJISTOVNA, AS||A+||Standard & Poor’s||Czech Republic|
|Brokerage company||Service||Country of registration|
AON VERSICHERUNGSMAKLER DEUTSCHLAND GMBH
GUY CARPENTER & COMPANY GMBH
Balcia Insurance SE
Registration number: 40003159840
Bank: Luminor Bank AS Latvian Branch
EUR account: LV02 RIKO 0000 084 271 923
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