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

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BALTA is the leading non-life insurance company in Latvia, part of the PZU Group, with over 30 years of experience. They have a wide range of clients, including over 300,000 individuals and 35,000 businesses. BALTA is known for its focus on customer satisfaction, professionalism, and employee development.

🛍️ BALTA Product and Pricing News →

👔 BALTA CEO, Management and Leadership Team →

⚔️ BALTA Alternatives and Competitors →

💼 BALTA Hiring and Layoffs →

🤖 BALTA Developer, Integration and Automation News →

📈 BALTA Financials, Fundraising and Valuation News →

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🛍️ BALTA Product and Pricing News

• BALTA increased the compensation limit for stolen items insured under the broadest risk coverage from 700 EUR to 1000 EUR and extended the age limit for items eligible for full compensation from two to five years.
• BALTA has updated its travel insurance policies to cover pandemics or epidemics, including the new monkeypox variant, similar to Covid-19.
• BALTA has updated its home insurance policies to be more user-friendly and increased the annual compensation for property claims from 3 million to 7 million euros.
• BALTA opened a new branch at Elemental Business Center in Riga on November 4, offering a 10% discount on KASKO insurance until November 15, 2024.
• On November 8, BALTA's Chairman Iain Kennedy will discuss Gen Z's needs at the Stockholm School of Economics in Riga's 30th anniversary forum.

• BALTA is now offering a promotion where customers can purchase a Platinum KASKO policy at the price of a Gold policy and register for a lottery.
• BALTA is supporting the organization of FIBA EuroBasket 2025 in Latvia.
• BALTA offers a special promotion for companies with 10 to 50 employees, providing free accident insurance during work hours if at least 80% of employees are covered by health insurance.

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👔 BALTA CEO, Management and Leadership Team

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⚔️ BALTA Alternatives and Competitors

• theidol.com
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• Turva Mutual Insurance Company
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• Brintons
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• Gettysburg Flag Works
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• Pato Rico
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• Croscill
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• Bahrain Kuwait Insurance Co.
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• Yannick JOLY
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• The Treiber Group

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💼 BALTA Hiring and Layoffs

• Jekaterina Zālīte has left BALTA, where she served as Head of Customer Experience in Latvia, to join BTA Baltic Insurance Company AAS as Baltic Business Innovations Director.
• Kristaps Straume has joined BALTA as a Senior Corporate Sales Manager in Latvia, previously serving as a Sales Project Manager at smeGo.
• BALTA is hiring a Junior Internal Auditor in Riga, Latvia, offering a monthly salary of €1400-€1800 before taxes with flexible work options.
• Uldis Dzintars serves as the Technical Director at BALTA.
• BALTA's mentoring program, started five years ago, has graduated 50 employees and grown to 22 mentors.

• BALTA is currently hiring a Customer Experience Management Manager in Latvia.

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🤖 BALTA Developer, Integration and Automation News

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📈 BALTA Financials, Fundraising and Valuation News

• This summer, BALTA (PZU group) paid out nearly EUR 3.2 million for road transport collision claims in Latvia, marking a 63% year-on-year increase.
• BALTA reports a decline in tick-borne encephalitis vaccination among its clients, with only 9.3% opting for it this year.
• BALTA reports a 13% increase in insurance claims on Black Friday.
• BALTA reported significant insurance payouts in Q2 2024 due to fires, traffic accidents, delayed construction, and damaged cargo.
• This summer, BALTA (PZU group) paid out almost EUR 3.2 million for road transport collisions in Latvia.

• BALTA reported 92 OCTA claims this year for car collisions with pedestrians or cyclists.

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