all
about
us
60 sec.
Buy insurance
90 sec.
File claim
20M +
Policies sold
3M +
Claims handled
24
/
7
Customer Support
27 +
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!
Balcia
dream team
global
Open
dynamic
care
believe
build
We are
We do
Balcia
management
team
our best team leaders
AND 200+
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.
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.
Financials
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.
Public Quarterly Reports
Public Quarterly Reports
Public Quarterly Reports
Public Quarterly Reports
Public Quarterly Reports
Public Quarterly Reports
Public Quarterly Reports
Public Quarterly Reports
Public Quarterly Reports
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 2023
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 company | Service | Country of registration |
|---|---|---|
| AON VERSICHERUNGSMAKLER DEUTSCHLAND GMBH | Reinsurance mediation | Germany |
| GUY CARPENTER & COMPANY GMBH | Reinsurance mediation | Germany |
Balcia
contacts
Office
Company Code 304498010
VAT code LT100010930410
Ukmergės g. 126,
Vilnius LT-08100, Lietuva
Monday - Thursday 08:00-17:00 (UTC+02:00)
Friday 08:00-15:45
Headquarters
63 K. Valdemara
Riga, LV-1010, Latvia
Monday - Friday 08:30-17:00 (UTC+02:00)
Bank details
Registration number: 40003159840
SWIFT/BIC: RIKOLV2X
EUR account: LV02 RIKO 0000 084 271 923
Registration number: 304498010
SWIFT/BIC: CBVILT2X
EUR account: LT47 7044 0600 0815 5788
SWIFT/BIC: HABALT22
EUR account: LT45 7300 0101 6203 1150
SWIFT/BIC: INDULT2X
EUR account: LT91 7290 0990 4569 5890