Insurer profile
Compensa Vienna Insurance Group ADB Latvia Branch / Compensa Life Vienna Insurance Group SE Latvia Branch
Compensa Vienna Insurance Group ADB Latvia Branch / Compensa Life Vienna Insurance Group SE Latvia Branch · Latvia
Overview
Compensa is an insurance brand in Latvia operated by two Vienna Insurance Group subsidiaries: Compensa Vienna Insurance Group ADB Latvia Branch (non-life) and Compensa Life Vienna Insurance Group SE Latvia Branch (life). Since February 2026 both brands operate under one unified website, compensa.lv, offering motor, property, travel, health, life, and accident insurance to private individuals and businesses.
Source25
Products in this market
3
Offer pages
Company details
- Parent group
- Vienna Insurance Group (VIG)
- Regulator
- Latvijas Banka (Bank of Latvia, assumed the FKTK's insurance supervisory functions in January 2023)
- Phone
- +371 8888
- [email protected]
Products from Compensa Vienna Insurance Group ADB Latvia Branch / Compensa Life Vienna Insurance Group SE Latvia Branch
Motor3
MTPL (OCTA)
Compulsory third-party motor liability insurance covering damages caused to third parties in road traffic accidents.
Gold MTPL (Zelta OCTA)
An enhanced MTPL policy combining OCTA with selected CASCO-type risks, also covering the policyholder's own vehicle when at fault and collisions with animals; the Extended level adds front-windscreen cover (limit EUR 60).
CASCO (KASKO)
Comprehensive voluntary motor insurance covering all risks to the insured vehicle, including theft, collision, fire, and natural events.
Property7
Home / Property Insurance
Home and contents insurance covering the dwelling, movable property, civil liability, family accident cover, and an optional peacetime military-risk protection add-on.
Solar Panel Insurance
Insurance for solar panel installations covering damage, theft, and loss of income from power generation.
Purchase Insurance
Insurance protecting purchased items (electronics, appliances, etc.) against accidental damage, liquid damage, and theft, with optional warranty extension, available at partner stores.
Commercial Property Insurance
Insurance for business property against all-risk or named perils such as fire, water damage, theft, vandalism and equipment breakdown, tailored to the client's business.
Military Risk Insurance (peacetime add-on)
Add-on cover for commercial property protecting against losses from peacetime military and political risks, terrorism, strikes, and civil unrest that are typically excluded from standard property policies.
Cargo Insurance
Insurance for goods in transit covering loss or damage during transportation.
Special Equipment Insurance
Insurance for special machinery and equipment used in agriculture, construction, or other industries.
Health7
Seesam Health Insurance (for companies)
Corporate health insurance for employees, offering outpatient, inpatient, and specialist medical services, including a digital health card and telehealth.
Compensa Life Health Insurance (individuals)
Individual health insurance for private persons covering medical expenses and specialist consultations.
Compensa Life Health Insurance (legal entities / employers)
Group health insurance for employers covering their employees' outpatient and inpatient medical needs.
OncoDrop Critical Illness Insurance
Oncology insurance product that pays a lump sum upon diagnosis of invasive or non-invasive cancer, including children's coverage at no extra cost.
Seesam Critical Illness Insurance (general)
Critical illness insurance covering serious medical conditions such as cancer, heart attack, and stroke.
Compensa Accident Insurance
Accident insurance for individuals and families covering death, disability, and medical expenses resulting from accidents.
Compensa Life Accident Insurance
Life-branch accident insurance for individuals and children, covering disability and death from accidents, including sports injuries, available for children up to 18 years.
Liability2
Life3
Life Insurance
Term life insurance especially suitable for families, mortgage holders, and breadwinners, paying a lump sum in the event of death.
Savings Life Insurance (Endowment)
Savings and life insurance combination product allowing clients to build capital while protecting life, with investment fund options.
Lifetime Pension Insurance (Mūža pensija)
Lifetime annuity insurance providing a guaranteed regular income for life from retirement age.
Regulatory updates
Compensa Vienna Insurance Group ADB Latvia Branch is registered with Latvijas Banka's financial market participant register (reg. No. 40103942087, LEI 5299004M3VEI7YA7QZ81) and holds licences valid from 28.10.2015 covering accident, health, land transport, rail transport, ship, cargo and property insurance classes. In February 2026 Compensa unified its life (Compensa Life Vienna Insurance Group SE Latvia Branch) and non-life brand communications under a single website, compensa.lv, while the two entities remain separately licensed. In mid-2026 Compensa Vienna Insurance Group became one of the first Baltic insurers to launch a peacetime military-risk cover as an add-on to commercial property insurance, alongside new Latvian state rules on compensation after military incidents.
Reputation and reviews
Offer pages
Casco (own-damage car insurance)
casco (own-damage car insurance) from Compensa for the Latvia market, with online purchase and 24/7 assistance.
Last verified Aug 28, 2026
Motor third-party liability
motor third-party liability insurance from Compensa for the Latvia market, with online purchase and 24/7 assistance.
Last verified Aug 28, 2026
Travel insurance
travel insurance from Compensa for the Latvia market, with online purchase and 24/7 assistance.
Last verified Aug 28, 2026