LV

Market

"Compensa Vienna Insurance Group" ADB Latvia branch

Legal address
Vienības gatve 87h, Rīga, LV - 1004, Latvija
Country of origin
Lithuania
Supervisory authority
http://www.lb.lt

Market segments

Market segment
Insurance Intermediaries
Website
https://www.compensa.lv/musu-partneri/
Other market segments
Insurance companies

Licenses / Types of activities

Insurance companies
Service Providers from the EEA
Freedom of Establishment
Branches of Member State Non-Life insurers
Permit the operation of a branch
Date: 28.10.2015
Special conditions / Comment:

The notification was sent on  30.10.2015. 

16. For insurance of miscellaneous financial losses
Date: 28.10.2015
3. For insurance of land vehicle (except railway rolling stock)
Date: 28.10.2015
13. For general third party liability insurance
Date: 28.10.2015
10. For third party liability insurance of motor vehicle owners
Date: 28.10.2015
18. For assistance insurance
Date: 28.10.2015
2. For health insurance (insurance against illnesses)
Date: 28.10.2015
1. For accident insurance
Date: 28.10.2015
15. For suretyship insurance
Date: 27.09.2019
8. For fire and natural elements insurance (damages to property, except land vehicle, railway rolling stock, aircraft, ships and goods in transit, caused by fire, explosion, nuclear energy, earth subsidence etc.)
Date: 28.10.2015
9. For other damage to property insurance (damages to property, except land vehicle, railway rolling stock, aircraft, ships and goods in transit, caused by hail, frost, theft etc., except fire, explosion, nuclear energy, earth subsidence etc.)
Date: 28.10.2015
6. For marine vessel insurance
Date: 28.10.2015
7. For freight insurance
Date: 28.10.2015
14. For credit insurance
Date: 27.09.2019
12. For ship owner liability third party insurance
Date: 28.10.2015
4. For railway rolling stock insurance
Date: 28.10.2015
11. For aircraft owner third party liability insurance
Date: 28.05.2019
17. For legal expenses insurance
Date: 28.10.2015

How to become a market participant

In order to become a participant of Latvian financial and capital markets and commence business activities, a credit institution, an insurance company, a reinsurance company, an insurance broker, a credit union, an investment management company, an investment firm, an operator of regulated market, a pension fund, a payment institution, an electronic money institution, as well as an alternative investment fund manager shall obtain operating authorisation (licence).

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