Insurance

International Internet Magazine. Baltic States news & analytics Friday, 09.12.2016, 15:38

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Balta insurer pays record-high EUR 4.85 mln indemnity for damage caused by fire at Lignums plant

Balta insurer pays record-high EUR 4.85 mln indemnity for damage caused by fire at Lignums plant

07.12.2016

Balta non-life insurer has paid a EUR 4.85 mln indemnity to Latvijas Finieris wood processing company for the damage brought by a fire that destroyed the company's Lignum plant in 2014, reports LETA.

Keyword tags: Financial Services, Industry, Insurance, Markets and Companies, Woodwork



Knowledgeprice.com and Ninety’s IT solution for Zurich Insurance receives the prestigious British Insurance Times Tech & Innovation Award

Knowledgeprice.com and Ninety’s IT solution for Zurich Insurance receives the prestigious British Insurance Times Tech & Innovation Award

07.10.2016

Information technology (IT) company Knowledgeprice.com, known for outsourcing services to foreign financial and insurance companies, in partnership with Ninety, the agile digital transformation specialist in the UK, has developed a solution for Switzerland’s largest insurer Zurich Insurance that has given it the treasured first-place win in the “Best Use of Technology to Improve Customer Experience” category at one of the most prominent insurance sector award ceremonies held in Britain.

Vienna Insurance Group cleared to buy BTA

Vienna Insurance Group cleared to buy BTA

19.08.2016

Austria's Vienna Insurance Group (VIG), one of the biggest European insurers, has been cleared to buy Latvia's BTA Baltic Insurance Company (BTA), however, will have to sell international carrier insurance in exchange, reports LETA/BNS.


Lithuania's H1 insurance market grows 5.7% to EUR 330 mln y/y

Lithuania's H1 insurance market grows 5.7% to EUR 330 mln y/y

08.08.2016

Lithuania's insurance market, including branches of foreign companies, totaled 330.205 mln euros in the first half of this year in terms of insurance premiums, up by 5.7% year-on-year, reports LETA/BNS.

Gjensidige posts EUR 4.5 mln loss in Baltics for H1

Gjensidige posts EUR 4.5 mln loss in Baltics for H1

15.07.2016

The Norwegian insurance group Gjensidige that acquired the Lithuanian insurer PZU Lietuva at the beginning of the year made a loss of 41.4 mln Norwegian kroner or approximately 4.5 mln euros in the Baltic countries in the first half of 2016, writes LETA/BNS.


27.06.2016

Vienna Insurance Group in Latvia allowed to buy BTA Baltic Insurance Company

The Latvian Competition Council has allowed Austria's Vienna Insurance Group AG (Wiener Versicherung Grupp [VIG]) to take over Latvia's BTA Baltic Insurance Company (BTA Baltic), the competition watchdog informed LETA.

16.06.2016

Latvian Motor Insurers’ Bureau files for insolvency of Balva insurer

The Motor Insurers' Bureau of Latvia (LTAB) has filed for insolvency of the to-be liquidated Balva non-like insurer, informs LETA.

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