BTA Insurance Company SE

Insurance company BTA was established on 1 November 1993 with largest maritime companies in Latvia coming together to become shareholders of BTA. On 17 December of the same year, BTA received a licence that entitled it to start on insurance business. Since March 2007, BTA is the Latvian insurance market leader. In 2009, BTA became the third largest insurer in the Baltic States. At present, BTA successfully operates in the Baltic countries and keeps expanding its operation in other European countries as well. BTA emerged with 6.0 million euro profit at the end of 2013. Gross premiums written in 2013 were for a total of 160 million euro, a 12.2% growth from the 142.4 million euro of 2012. Despite the fierce competition, BTA has kept its lead position on the market in 2013, accounting for 39.9% of Latvian non-life insurance market in terms of gross premiums written.