Insurer profile
Insurance Joint Stock Company BALTA
AAS BALTA is the leading non-life insurance company in Latvia with over 30 years of experience, serving more than 400,000 individual customers and 35,000 businesses through 42 branches across the country. It is part of PZU Group, one of the largest insurers in Central and Eastern Europe.
Source- Legal entity
- Insurance Joint Stock Company BALTA
- Headquarters
- Riga, Latvia
- Parent group
- PZU Group (Powszechny Zakład Ubezpieczeń S.A.)
- Regulator
- Latvijas Banka (Bank of Latvia) – Financial Market Supervision (formerly FKTK, integrated since 1 January 2023)
- Phone
- +371 67522275
- info@balta.lv
- Last verified
- May 1, 2026
Products from Insurance Joint Stock Company BALTA
motor
MTPL – Compulsory Third-Party Liability Insurance (OCTA)
Mandatory insurance for all vehicles covering damage caused by the driver to other vehicles, people and their property in a road accident.
motor
Electric Scooter Compulsory Third-Party Liability Insurance
Mandatory insurance for electric scooters covering damage caused by the scooter rider to other people and their property in a road accident.
motor
CASCO – Comprehensive Motor Insurance (Full KASKO)
Voluntary insurance compensating for expenses caused by a traffic accident, theft, or natural disasters affecting the insured vehicle.
motor
Mini CASCO – Limited Motor Insurance
Voluntary limited motor insurance compensating for car damage caused by collisions with animals, hail, windshield damage, and total vehicle loss.
motor
Business Vehicle Fleet MTPL (OCTA for Companies)
Mandatory third-party liability insurance for company vehicles covering damage caused in road accidents.
motor
Business Vehicle Fleet CASCO
Voluntary comprehensive motor insurance for company vehicles compensating for accident, theft and natural disaster damage.
property
Home Insurance
Insurance protecting against expenses arising from unforeseen situations such as fire, water leakage, theft, and natural disasters affecting the home and its contents.
property
Commercial Property Insurance
Insurance compensating for damage or loss to the company's real estate and movable property including buildings, equipment and inventory.
health
Health Insurance (for Companies)
Group health insurance for employees covering outpatient and inpatient medical services, rehabilitation, dentistry, optics and pharmacy expenses.
travel
Travel Insurance
Insurance providing financial and practical help during travel in case of illness, injury, lost or damaged luggage, flight delays or cancellations, with 16 available programs.
health
Personal Accident Insurance
Insurance providing financial support in case of accidents causing injuries such as dislocations, frostbite, poisoning, bites, disability or death, valid worldwide.
liability
General Third-Party Liability Insurance for Individuals
Insurance protecting against financial losses if the policyholder or family members accidentally cause damage to a third party, covering cyclists, pedestrians, pet owners and property owners.
liability
Professional and Civil Liability Insurance for Companies
Insurance protecting businesses against unforeseen financial expenses if damage is unintentionally caused to third parties including clients and partners.
cyber
Digital Risk Insurance
Insurance providing financial support up to EUR 7,000 per year if fraudsters steal cashless funds, covering 6 popular fraud types and cyberbullying.
pet
Pet Insurance
Insurance covering veterinary expenses for dogs and cats (including mixed breeds up to 10 years old) in case of acute illness or injury, as well as compensation for theft or death.
health
Tick-Borne Disease Insurance
Insurance providing a one-time financial benefit of EUR 400 if a tick-borne disease is diagnosed following an infected tick bite.
property
Solar Panel Insurance
Insurance covering unexpected expenses for repair or replacement of solar battery panels, structures and inverters from all manufacturers installed on rooftops or ground.
other
Recreational Watercraft Insurance
Insurance compensating for damage, theft or robbery of a recreational watercraft such as a motorboat, cutter, yacht or boat.
other
Agricultural Insurance
Insurance supporting business continuity for agricultural operations including broken special machinery, property and crop damage, livestock illness and third-party liability.
other
Livestock Insurance
Insurance protecting against unexpected expenses from sudden death or forced slaughter of cattle, pigs, horses, sheep, goats and poultry.
other
Cargo and CMR Insurance
Insurance protecting cargo owners and carriers from unforeseen expenses due to loss, damage, theft or robbery during land, air or sea transport.
financial
Construction and Performance Guarantees
Financial guarantees for construction contracts including tender, advance payment, performance and warranty period guarantees, as well as customs duty and excise tax bonds.
property
Construction Works Insurance
Insurance covering property damage and liability risks during construction or renovation works.
Regulatory updates
Since 1 January 2023, the Financial and Capital Market Commission (FKTK) was integrated into Latvijas Banka, which now serves as the single financial market supervisor in Latvia, including for insurance companies such as BALTA. In October 2024, Latvijas Banka organised a sustainability breakfast for insurance sector experts, where AAS BALTA participated in discussions on climate risk insurance and improving claims handling following major flood events in summer 2024. BALTA holds a valid insurance licence and remains in good regulatory standing with no publicly reported enforcement actions.