Balcia | News, Hiring, Layoffs, Competitors, CEO, Fundraising Insights

Balcia is an insurance company based in Latvia, offering a variety of insurance products including car insurance, home insurance,...


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Balcia is an insurance company based in Latvia, offering a variety of insurance products including car insurance, home insurance, accident insurance, travel insurance, and more. They provide online insurance services with quick price quotes.

Website
Headquarters
Riga, LV
Size
201-500 employees
Industry
Insurance
Specialities
insurance, InsurTech, Automated insurance, Subscription insurance, International insurance, Innovative insurance, Start-up mindset , Lifestyle insurance, Client-centric insurance , Non-life insurance , User experience, Not boring insurance, Exciting careers , Professional growth, Embracing surprises, Customer satisfaction, Insurance education, Multi-Country Coverage, Partnership opportunities, Mobile app

🛍️ Balcia Product and Pricing News →

👔 Balcia CEO, Management and Leadership Team →

⚔️ Balcia Alternatives and Competitors →

💼 Balcia Hiring and Layoffs →

🤖 Balcia Developer, Integration and Automation News →

📈 Balcia Financials, Fundraising and Valuation News →

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🛍️ Balcia Product and Pricing News

  • Balcia has entered the Metaverse through Fortnite, launching the Balcia Mega Mansion to engage Gen Z and Alpha audiences in the Baltics and Poland.
  • Balcia has become the first insurance company in the Baltics to enter the metaverse with a virtual presence on the Fortnite map 'Balcia Mega Mansion.'
  • Balcia launched a new road insurance product, which was nominated for the 'Insurance Event of the Year' award by the Estonian Insurance Association.
  • Balcia has launched a new loyalty program where users can earn royal rewards by shopping, participating, and sharing.
  • Balcia Insurance SE now allows customers to submit claims through audio messages, aiming to revolutionize the insurance claims process across the EU.

  • Balcia won the Special Award for Growth in Sustainable Governance at the Latvian Sustainable Management Awards.
  • Balcia is preparing to launch a groundbreaking project in the insurance industry on December 16.
  • Balcia won the Latvian Sustainable Management Award for its growth in sustainability management.

👔 Balcia CEO, Management and Leadership Team


⚔️ Balcia Alternatives and Competitors

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💼 Balcia Hiring and Layoffs

  • Elīna Feldberga has left Balcia as Deputy Chief Legal Officer to join Cembra as Senior Legal Counsel in Switzerland.
  • Dāvids Lēvalds has left Balcia as Head of Claims Latvia to join Baltijas Apdrošināšanas Nams AAS as Head of claims.
  • Alise Drava has joined Balcia as Head of Claims from her previous role as Claims Group Lead at BALTA part of PZU Group in Latvia.
  • Balcia is currently seeking a Claims Handling and Innovation Lead (Group level) in Latvia.
  • Agita Zvīne has joined Balcia as an Insurance Specialist in Latvia, previously working as a Customer Service Representative at Enefit Latvija.

  • Jolanta Lapa has joined Balcia as HQ Claims & Innovations in Latvia, previously holding a position at Balcia Insurance SE.
  • Balcia's international management team held a 120-hour retreat in Athens to strategize for 2025, focusing on enhancing the insurance claims experience.
  • Aleksei Malioutin has left Balcia, where he was a Property Damage Claims Manager in France, to join Allianz Commercial as a Complex Recourse Compensation Officer.

🤖 Balcia Developer, Integration and Automation News

  • Balcia announced a new partnership with BK "Rīgas Zeļļi" to enhance community engagement and offer exclusive game experiences.
  • Balcia partners with racer Rokas Baciuška to support his participation in the Dakar Rally.
  • Balcia is partnering with Citywave Vilnius to support the first artificial wave facility in the Baltic states, enhancing local and tourist surfing experiences in Lithuania.
  • Balcia has been chosen as the official insurer for Dobeles dzirnavnieks, a local company with ambitious future plans and ongoing ESG initiatives.
  • Balcia has entered a strategic partnership with the Beach Volleyball League (PTL) to enhance insurance processes using modern technology.


📈 Balcia Financials, Fundraising and Valuation News

  • Balcia reported a 17% increase in premiums to 109 million € and launched a loyalty program in the Baltics with 75% customer onboarding.


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