According to Mart Jesse, head of EKsL, Balcia's entry into the market means that Estonia is a very perspective market internationally. "Although the competitive situation is very tight, insurers see room for action in the market. Balcia insurance made a quick start in Estonia - services were offered three months after the branch was registered", said Jesse.
According to Balcia branch manager Denis Nikolajev, Balcia entered the market with innovative lifestyle-based insurance products. "For example, we offer insurance to a cyclist or a scooter user who moves around the city and wants insurance for him/her and not the vehicle", he said.
Balcia is an international insurance technology company with 30 years of experience, offering a wide range of protection products. In addition to Estonia, operations are carried out in Latvia, Lithuania, Poland, and other Central European countries.