Vienna Insurance Group (VIG)
Seesam Insurance AS Latvia branch is offering insurance services already since 1993.
To exist is to change! On 2018 August 31 the deal is completed for “Vienna Insurance Group” (VIG) to purchase 100 per cent of non-life insurance company “Seesam Insurance AS” (Seesam) shares from Finnish group “OP Financial group”.
VIG has become an apparent insurance market leader in the Baltic States with the total market share of 23.7 per cent taking into account the results of the first quarter results in 2018 after the acquisition of company “Seesam” in Estonia and its branches in Latvia and Lithuania.
"Vienna Insurance Group" (VIG) is the leading insurance company not only in Austria but also in the Central and Eastern Europe. It has been working in the insurance market for almost 200 years. The group has long traditions, strong brands and close cooperation with the clients. In total, more than 25,000 employees are working at VIG.
"Vienna Insurance Group" has received the highest assessment (A+) for leading index ATX of the Vienna Stock Exchange, showing stable growth. Company’s shares are also listed on the Prague Stock Exchange.
The main advantages of Seesam Insurance AS Latvia branch:
1. Company “Seesam” has been working in the Latvian market for already 25 years and it has gained the reputation of trustful and stable partner. In the Baltic States the company is servicing more than 180,000 clients.
2. "Seesam" is one of the best capitalized companies in the Baltic insurance market. “Seesam” capital is 48 million euro that by 250% exceeds the necessary solvency capital.
3. “Vienna Insurance Group” success is based on the experience of each individual brand and knowledge of the local market to ensure the clients with products and services adjusted to their needs. And from now on Seesam Insurance AS Latvia branch is the part of VIG.
Choose trustful cooperation partner!