The Central Bank of Latvia’s Supervision Committee has issued insurance licences to AS Sincera Insurance to write two classes of non-life insurance: land vehicles (other than railway rolling stock) insurance and miscellaneous financial loss insurance. Following its review of the submitted documentation, the Central Bank of Latvia concluded that AS Sincera Insurance meets the licensing requirements set out in Section 21, Paragraph one of the Insurance and Reinsurance Law. With this authorisation, Latvia now has five licensed non-life insurance companies, as reflected in the database of market participants.
Central Bank of Latvia 2025-04-02
Central Bank of Latvia grants AS Sincera Insurance non-life licences for land vehicle and miscellaneous financial loss insurance
The Central Bank of Latvia's Supervision Committee has granted insurance licenses to AS Sincera Insurance for land vehicles and miscellaneous financial loss insurance. The bank confirmed compliance with Section 21 of the Insurance and Reinsurance Law. Latvia now has five licensed non-life insurance companies.