News

„Seesam Latvia” offers economical insurance – „Istabas Polise”

JSIC „Seesam Latvia” has created a particularly convenient, accessible and attractive property insurance – „Istabas Polise" (Room Policy), which is being offered since January 18, 2010. This special insurance has been created following the newest insurance market trends and customers’ wishes.

The new property insurance introduced by JSIC „Seesam Latvia”– „Istabas Polise” – has been created taking into consideration, in particular, interests of owners of standard-type apartments. The price of a „Istabas Polise” is determined according to the number of rooms in the apartment. This offer differs substantially from those of other insurers, where the price of a policy is determined according to the residential area (square metres).

In the summer of 2009, JSIC „Seesam Latvia”, in collaboration with the market, social and media research agency „TNS Latvia”, analyzed situation in the private property insurance. The study results showed that over a third  (38 %) of Latvian households had at least once suffered from an accident relating to the dwelling, but each fifth (22 %) household had suffered from an accident during the past three years. At the same time, only about a quarter (27 %) of the households that had suffered from an accident, had a property insurance policy at the moment of the accident. In most cases (73 %), the owners had to cover the dwelling restoration costs at their own expense.

The study results showed that after the accident people tended to buy a property insurance policy - it was done on average by every fifth (21 %) household owner.However, the majority of accident victims' homes were not insured after their restoration. One of the reasons frequently mentioned by respondents why the household property was not insured, even after the accident, was the view that insurance was an expensive and complicated service - this reason was specified by one-third (33%) of the respondents.

The economical offer of the „Room Policy” is financially affordable to each household. Payment for an insurance policy is from LVL 20 per year (for one-room apartment). Such a policy will cover not only the apartment but also your personal property located in the apartment of value up to LVL 5000.

JSIC „Seesam Latvia” has also taken special care of simplification of purchase of the „Istabas Polise”. For convenience of potential customers, we have created the website www.IstabasPolise.lv. There you can buy a policy in a couple of minutes, specifying only the most important information on the property, without necessity to provide different additional information requested by other insurance companies prior to purchase of an apartment insurance policy.

We have taken care also of customers who do not have access to the Internet. In a couple of minutes you can buy the „Istabas Polise” also at customer service centres of JSIC „Seesam Latvia” or via phone No. 67061000.

About JSIC “Seesam Latvia”

„OP – Pohjola Group”, which is the shareholder and owner of JSIC „ Seesam Latvia”, is one of the largest and leading financial and insurance groups in Finland. Pohjola Insurance Ltd, a non-life insurance company which is owned by „OP – Pohjola Group”, was founded in 1891, and it is both the oldest and by its 27% market share also the largest insurance company in Finland.

The long-term safety rating conferred to Pohjola Insurance Ltd. by the international rating agency Standard & Poor’s is A+ (strong).

Additional information:

Dace Gertnere

PR and Marketing Department Head

JSIC "Seesam Latvia"

PR and Marketing Department

Vienības gatve 87H, Riga, LV-1004, Latvia

Tel. No. +371 67 06 10 29

Fax No. +371 67 06 10 22

dace.gertnere(a)seesam.lv, http://www.seesam.lv