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

Compensa is a fast-growing insurance company offering a wide range of insurance solutions such as MTLP, CASCO, property, travel,...


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Compensa is a fast-growing insurance company offering a wide range of insurance solutions such as MTLP, CASCO, property, travel, accident, and civil insurance. They focus on providing custom products and services tailored to customers in Central and Eastern Europe.

Website
Headquarters
Vienības gatve 87H, Rīga, LV-1004, LV
Size
201-500 employees
Industry
Insurance
Specialities
Transportlīdzekļu, nekustamā īpašuma, ceļojumu un civiltiesiskās atbildības apdrošināšana

🛍️ Compensa Product and Pricing News →

👔 Compensa CEO, Management and Leadership Team →

⚔️ Compensa Alternatives and Competitors →

💼 Compensa Hiring and Layoffs →

🤖 Compensa Developer, Integration and Automation News →

📈 Compensa Financials, Fundraising and Valuation News →

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🛍️ Compensa Product and Pricing News

  • Compensa has expanded its Seesam health insurance to include online consultations with 11 medical specialists via a telemedicine app starting November 1, as announced by Anna Ozola, Head of Health Claims Department.
  • Compensa removed the age restriction for KASKO insurance, now offering it without specifying a maximum vehicle age.
  • Compensa Vienna Insurance Group ADB (Latvian branch) is involved in a legal dispute with Ecoservice UAB over an insurance claim following a fire at Ecoservice's waste sorting center in Vilnius in August 2023.
  • Ecoservice, owned by Eco Baltia, is suing Compensa for over a year's delay in paying insurance compensation for a fire that caused significant damage to their waste sorting center.
  • On August 13-16, 2024, the District Court in Nowy Tomyśl annulled payment orders and discontinued proceedings in multiple cases involving Compensa Towarzystwo Ubezpieczeń S.A. Vienna Insurance Group.

  • Compensa has removed Covid insurance and promotions from their offerings and added travel insurance.
  • Compensa removed 'Akcijas' and 'Covid apdrošināšana' from their property insurance offerings.
  • Compensa has removed the option to purchase insurance through their e-store, now offering it only at client centers.

👔 Compensa CEO, Management and Leadership Team


⚔️ Compensa Alternatives and Competitors

  • Sackett & Associates Insurance Services
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  • NSE Insurance INC
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  • AD Martin Insurance
  • |
  • Financial
  • |
  • Powell Commercial Insurance Brokers
  • |
  • Three Rock Group

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💼 Compensa Hiring and Layoffs

  • Sendija Libarte has started as the Leading Health Claims Specialist at Compensa Vienna Insurance Group ADB Latvijas filiāle.
  • Elvīra Petrova has joined Compensa as an Accountant in Latvia, previously working as an Accountant at Compensa Vienna Insurance Group ADB Latvijas filiāle.
  • Compensa held an inspiring employee meeting where CEO Deividas Raipa, CFO Felix Nagode, and Estonian branch manager Andri Püvi discussed strategic achievements and future priorities with over 800 remote participants from the Baltic states.
  • Compensa Dystrybucja Sp. z o.o. is hiring insurance advisors in 14 regions.
  • Compensa is hiring insurance consultants in Liepāja and Daugavpils with salaries ranging from €700 to €1500.


🤖 Compensa Developer, Integration and Automation News

  • Compensa Vienna Insurance Group has partnered with Altero and AXA Partners to offer a new income protection insurance product.
  • Compensa Life has signed a partnership agreement with the fitness club Jautrais Apelsīns.
  • On August 29, 2024, the Parents' Council of the Agricultural School Complex in Białystok selected Compensa as the NNW insurance provider for the 2024/2025 school year.
  • Compensa Life uses Signicat for seamless identity verification.


📈 Compensa Financials, Fundraising and Valuation News

  • Compensa Vienna Insurance Group ADB Latvijas filiāle has paid out 2 million euros in compensation to Latvian farmers due to unfavorable weather conditions.
  • Compensa Vienna Insurance Group ADB Latvijas filiāle paid over 700,000 euros for fire damage claims this year, with the largest single payout being 215,000 euros.
  • Compensa plans to pay out €3 million to customers for storm and rain damage at the end of July, with €500,000 already paid and 80% of cases expected to be covered by the end of August.


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