AAS “BTA Baltic Insurance Company” branch in Lithuania
The insurance company “BTA Baltic Insurance Company” is part of the Central and Eastern European insurance market leader “Vienna Insurance Group AG” (VIG) and is the largest company of this group in the Baltic region. VIG has been operating in a market for nearly 200 years with over 50 companies in 25 countries staying in the front line in the Baltic States, where the group’s companies held more than quarter of the non-life insurance market in 2018.
BTA demonstrated an extremely fast growth in 2018, compared to other major insurance companies in Lithuania, with over one million contracts worth EUR103.7 million. The company registered 68,000 claims and paid 47 million euros, which amounts to an average amount of 182,000 euros a day in the previous year.