Balcia Insurance SE | Company Profile - Revenue, Headcount, Tech Stack, Contacts
Balcia Insurance SE is a tech-driven InsurTech company based in Riga, Latvia.
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Balcia Insurance SE is a tech-driven InsurTech company based in Riga, Latvia, focused on redefining the insurance experience through innovative technology and efficient processes. It has achieved substantial growth, recording a 48% business increase in 2023 and reaching global signed premiums of 120 million euros, with operations extending throughout the Baltics and expanding to Poland, France, Germany, and Italy.
The company specializes in simplifying the insurance purchasing and claims process, offering features such as motor insurance with AI-based risk calculation, liability risks underwriting, and digital claims management. It emphasizes user-friendly, mobile solutions for policy management and claims, combining technology with a customer-centric approach to enhance user experience and streamline operations. Balcia also invests in employee development and market expansion, fostering a dynamic working environment.
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