Balcia Insurance SE | Company Profile - Revenue, Headcount, Tech Stack, Contacts

Company Directory for Balcia Insurance SE

Team Bitscale

19 Mar 2026 — 1 min read

Balcia Insurance SE

Overview

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.

Basic Information

Industry	Insurance
Founded	1993
Revenue	148M
Headquarters	K. Valdemara 63, Riga, LV 1142, Latvia

Contact Details

Phone: +371 67 030 500
Website: balcia.com
LinkedIn: linkedin.com/company/balcia-insurance-se

Key Focus Areas & Initiatives

Automated insurance
Insurtech
Lifestyle insurance
Partnership opportunities
International insurance
Client-centric insurance
Insurance education
Nonlife insurance
Mobile app for policy management
Subscription insurance
Multi-country coverage
Innovative insurance
Customer satisfaction and experience
Digital services
Insurance technology
Claims assistance and digital claims handling
Policy customization
Risk assessment
Premium calculations
Global presence and regional support

Technologies Used

Cloudflare DNS
DigitalOcean
Microsoft Office 365
Outlook
React Redux
Remote
Slack
VueJS

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