Insurer profile
Compensa Vienna Insurance Group ADB Latvia Branch / Compensa Life Vienna Insurance Group SE Latvia Branch
Compensa is a fast-growing insurance brand in Latvia operated by two VIG subsidiaries: Compensa Vienna Insurance Group ADB (non-life) and Compensa Life Vienna Insurance Group SE (life). It offers a comprehensive range of motor, property, travel, health, life, and accident insurance products for private individuals and businesses, combining Austrian quality standards with local market expertise.
Source- Legal entity
- Compensa Vienna Insurance Group ADB Latvia Branch / Compensa Life Vienna Insurance Group SE Latvia Branch
- Headquarters
- Riga, Latvia
- Parent group
- Vienna Insurance Group (VIG)
- Regulator
- Latvijas Banka (Financial and Capital Market Commission functions transferred to Bank of Latvia in 2023)
- Phone
- +371 67558888
- info@compensa.lv
- Founded
- 2012
- Last verified
- May 19, 2026
Products from Compensa Vienna Insurance Group ADB Latvia Branch / Compensa Life Vienna Insurance Group SE Latvia Branch
motor
MTPL (OCTA)
Compulsory third-party motor liability insurance covering damages caused to third parties in road traffic accidents.
motor
Gold MTPL (Zelta OCTA)
An enhanced MTPL policy that also covers the policyholder's own vehicle damages in at-fault accidents, collisions with animals, and windscreen damage.
motor
CASCO (KASKO)
Comprehensive voluntary motor insurance covering all risks to the insured vehicle, including theft, collision, fire, and natural events.
property
Property Insurance (home)
Home and contents insurance covering dwelling, movables, civil liability, and optional accident cover for family members.
property
Solar Panel Insurance
Insurance for solar panel installations covering damage, theft, and loss of income from power generation.
property
Purchase Insurance
Insurance for purchased goods covering damage and theft of newly bought items.
property
Commercial Property Insurance
Insurance for commercial properties against fire, natural events, theft, and other risks.
property
Cargo Insurance
Insurance for goods in transit covering loss or damage during transportation.
property
Construction Insurance
Insurance covering property damage during construction works that require a building permit.
property
Special Equipment Insurance
Insurance for special machinery and equipment used in agriculture, construction, or other industries.
property
Apartment Building Common Property Insurance
Insurance for the shared common property of apartment buildings.
travel
Travel Insurance
Comprehensive travel insurance covering medical expenses, baggage loss, trip cancellation, and other travel-related risks.
liability
Civil Liability Insurance
Civil liability insurance protecting individuals and businesses from claims arising from damage caused to third parties.
health
Seesam Health Insurance (for companies)
Corporate health insurance for employees, offering outpatient, inpatient, and specialist medical services, including digital health card and telehealth.
health
Compensa Life Health Insurance (individuals)
Individual health insurance for private persons covering medical expenses and specialist consultations.
health
Compensa Life Health Insurance (legal entities / employers)
Group health insurance for employers covering their employees' outpatient and inpatient medical needs.
health
Seesam Critical Illness Insurance (OncoDrop)
Oncology insurance product that pays a lump sum upon diagnosis of invasive or non-invasive cancer, including children's coverage at no extra cost.
health
Seesam Critical Illness Insurance (general)
Critical illness insurance covering serious medical conditions such as cancer, heart attack, and stroke.
health
Compensa Accident Insurance
Accident insurance for individuals and families covering death, disability, and medical expenses resulting from accidents.
health
Compensa Life Accident Insurance
Life branch accident insurance for individuals and children, covering disability and death from accidents, including sports injuries.
life
Life Insurance
Term life insurance especially suitable for families, mortgage holders, and breadwinners, paying a lump sum in the event of death.
life
Savings Life Insurance (Endowment)
Savings and life insurance combination product allowing clients to build capital while protecting life, with investment fund options.
life
Lifetime Pension Insurance
Lifetime annuity insurance providing a guaranteed regular income for life from retirement age.
liability
Golf Player Insurance
Specialist insurance for golf players covering liability and accident risks on the golf course.
other
Agricultural Animals Insurance
Insurance for farm and agricultural animals covering loss from illness, accident, or death.
cyber
Cyber Fraud Insurance (Kiberkrāpniecības apdrošināšana)
Insurance covering financial losses caused by cybercrime and online fraud.
financial
Cyber Fraud Insurance
Insurance protecting purchased items (electronics, appliances, etc.) against accidental damage, liquid damage, and theft, with optional warranty extension, available at partner stores.
Regulatory updates
Compensa Vienna Insurance Group ADB Latvia Branch is registered as a branch of a Lithuanian insurance company operating in Latvia under freedom of establishment, supervised by Latvijas Banka (which assumed FKTK's supervisory functions in January 2023). Compensa Life Vienna Insurance Group SE Latvia Branch sent its notification to the Latvian regulator on 16.07.2007 and remains an actively registered insurance intermediary. Both branches are listed on the Latvijas Banka financial market participant register. As of 2026, no sanctions or licence suspensions have been identified against either branch.
Reputation and reviews
Verified offer pages
Motor casco
Compensa is a motor casco insurance for the LV market with online purchase and 24/7 assistance.
Last verified May 19, 2026
Motor third-party liability
Compensa is a motor third-party liability insurance for the LV market with online purchase and 24/7 assistance.
Last verified May 19, 2026
Travel insurance
Compensa is a travel insurance for the LV market with online purchase and 24/7 assistance.
Last verified May 19, 2026