Partner Broker

What Partner Broker does

Partner Broker is a licensed insurance brokerage firm (legal form: SIA — limited liability company) domiciled in Latvia, operating as an intermediary between insurance buyers and insurance providers. The firm serves two primary customer segments: individuals seeking personal insurance (home, auto, health, and life) and legal entities/enterprises requiring commercial coverage, including complex and large-scale risk placements. The company is self-described as "created by professionals" and emphasizes access to both local Latvian insurers and international insurance markets as a core capability.

The firm's primary product offering is brokerage services across the two customer segments — commercial services for enterprises ("Uzņēmumiem") and private services for individuals ("Privātpersonām") — without separately branded product modules. Its competitive differentiation rests on a multi-carrier partner network comprising 11 local Latvian insurers (including Balta, BTA, Compensa, ERGO, Gjensidige, If, SEB Dzīvības, Baltijas Apdrošināšanas Nams, Artea, Compensa Life, and Balcia) and 8 international partners (Lloyd's of London, AIG Europe, Allianz Global Corporate & Specialty, Zurich Insurance, Atradius, Coface, Euler Hermes, and Thompson Heath & Bond), which enables placement of complex and large-risk coverage not available solely through domestic carriers.

The business model is fee-based brokerage commissions on placed insurance policies; specific pricing is not publicly disclosed and customers are directed to contact the firm for quotes. The go-to-market relies on a corporate website (partnerbroker.lv, bilingual Latvian/English), Facebook, and LinkedIn for top-of-funnel awareness, with direct sales handled through office locations and a contact form. No mobile app, API, or technology platform is publicly documented, and no headcount, revenue, or funding data has been disclosed.

Name

Partner Broker

Legal name

Partner Broker SIA

Website

https://partnerbroker.lv

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Short description

Partner Broker SIA is a Latvian licensed insurance brokerage firm acting as an intermediary between insurance buyers and a network of 11 local Latvian and 8 international insurers, serving both individuals seeking personal coverage and enterprises requiring commercial and complex-risk insurance placement.

Ownership category

akta.pro rank

Product category

Insurance Brokerage

NAICS

Insurance Agencies and Brokerages (52421), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)

akta.pro secondary industry

Trade Credit Insurance Brokerage (FSAEADAL)

Keywords

• Insurance brokerage
• Commercial insurance
• Personal insurance
• Risk management
• Insurance advisory

Headquarters

HQ city

Riga

HQ country

Latvia

HQ region

Europe

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Distribution channels2 records

Marketing channels3 records

Core offering

Partner Broker is a licensed insurance brokerage firm offering qualified insurance brokerage services to individuals and legal entities in Latvia. The company acts as an intermediary, helping clients find suitable and cost-effective insurance coverage through its relationships with local Latvian insurers and international insurance markets, syndicates, and brokers for complex and large-risk policies. Services are organized into two categories: Commercial insurance for enterprises and Private insurance for individuals.

Product overview

Partner Broker is a licensed insurance brokerage firm (SIA) providing qualified insurance brokerage services for both individuals (private persons) and legal entities (enterprises/commercial). The company assists clients in finding the most suitable and cost-effective insurance offers and provides timely reminders about approaching policy expiration dates. The core offering consists of two main service categories: Commercial services for enterprises and Private services for individuals, with no separate named products or modules identified. Partner Broker acts as an intermediary between clients and insurance providers, leveraging relationships with both local Latvian insurance companies and international insurers, syndicates, and brokers.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Insurance Brokerage Services Insurance brokerage services for companies and organizations (legal entities) requiring commercial insurance coverage and risk management. Includes access to complex and large-scale risk insurance through international insurers, syndicates, and brokers. Targeted at Latvian enterprises needing commercial coverage.
• Private Insurance Brokerage Services Insurance brokerage services for private individuals seeking personal insurance coverage such as home, auto, health, and life insurance. Includes guidance on finding the cheapest and most suitable insurance offers and timely reminders about policy expiration dates. Targeted at Latvian private individuals/consumers.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Ten partnerships are on record, tiered core.

• Baltijas Apdrošināšanas NamscoreTechnology or IntegrationBaltijas Apdrošināšanas Nams AAS is a Latvian non-life insurance company, Reg.nr.: 40003494976, located at Antonijas iela 23, Riga, LV-1010. Listed as a local insurance partner.
• BTA Baltic Insurance CompanycoreTechnology or IntegrationBTA Baltic Insurance Company AAS is a Latvian non-life insurance company, Reg.nr.: 40103840140, located at Sporta iela 11, Riga, LV-1013. Listed as a local insurance partner.
• Compensa Life Vienna Insurance Group SE Latvijas filiālecoreTechnology or IntegrationCompensa Life Vienna Insurance Group SE Latvijas filiāle is a life insurance company, Reg.nr.: 50003958651, located at Vienības gatve 87H, Riga, LV-1004. Listed as a local insurance partner.
• Compensa Vienna Insurance Group ADB Latvijas filiālecoreTechnology or IntegrationCompensa Vienna Insurance Group ADB Latvijas filiāle is a non-life insurance company, Reg.nr.: 40103942087, located in Riga. Listed as a local insurance partner.
• ERGO Insurance SE Latvijas filiālecoreTechnology or IntegrationERGO Insurance SE Latvijas filiāle is a non-life insurance company, Reg.nr.: 40103599913, located at Skanstes iela 50, Riga, LV-1013. Listed as a local insurance partner.
• ERGO Life Insurance SE Latvijas filiālecoreTechnology or IntegrationERGO Life Insurance SE Latvijas filiāle is a life insurance company, Reg.nr.: 40103336441, operating in Latvia. Listed as a local insurance partner.
• GjensidigecoreTechnology or IntegrationGjensidige ADB Latvijas filiāle is a non-life insurance company, Reg.nr.: 40103595216, located at Brīvības iela 39, Riga, LV-1010. Listed as a local insurance partner.
• If P&C Insurance AS Latvijas filiālecoreTechnology or IntegrationIf P&C Insurance AS Latvijas filiāle is a non-life insurance company, Reg.nr.: 40103201449, located at Republikas laukums 2A, Riga, LV-1010. Listed as a local insurance partner.
• UAB Artea Life Insurance Latvijas filiālecoreTechnology or IntegrationUAB Artea Life Insurance Latvijas filiāle is a life insurance company, Reg.nr.: 40203508126, located at Citadeles iela 12, Riga, LV-1010. Listed as a local insurance partner.
• SEB Dzīvības apdrošināšanacoreTechnology or IntegrationSEB Dzīvības apdrošināšana AAS is a life insurance company, Reg.nr.: 40003012938, located at Antonijas iela 9, Riga, LV-1010. Listed as a local insurance partner.

Recent moves3 records

Expansion highlights3 records

Direct peers

• INGO (Latvia): INGO is one of the largest Latvian insurance brokers/agents, offering personal and commercial insurance intermediation through multiple carrier relationships. Directly comparable to Partner Broker in geography, customer segments (B2C + B2B), and brokerage-only business model.
• ERGO (Latvia): ERGO operates life and non-life insurance in Latvia through its own branches and broker networks. Functions both as a Partner Broker partner (for placement) and a competitor for Latvian retail and corporate insurance customers.
• BTA Baltic Insurance Company: BTA is one of the largest non-life insurers in the Baltics (Vienna Insurance Group). Listed as a Partner Broker carrier partner, yet competes for the same Latvian personal and commercial insurance customers via its own direct and broker channels.
• Balta (PZU Group): Balta is a leading Latvian non-life insurer (part of PZU Group) that distributes through both direct channels and brokers. A Partner Broker partner, but also a competitor when Latvian clients purchase direct — making it a directly comparable intermediary-adjacent player.
• If P&C Insurance (Latvia): If is a leading Nordic-Baltic non-life insurer active in Latvia. Like other carrier partners, it is both a placement channel for Partner Broker and a direct competitor for the same Latvian personal and SME insurance market.

Regional players

• Seesam Insurance: Seesam is a Baltic insurance company offering non-life and travel insurance across Latvia, Lithuania and Estonia. Comparable regional player targeting overlapping personal and commercial insurance segments in the same Baltic geography.

Broad incumbents

• Aon plc: Aon is a global insurance and reinsurance brokerage firm with presence across the Baltics. Comparable as a competitor for large/complex Latvian corporate risks where Partner Broker relies on its Lloyd's and international carrier access.
• Marsh McLennan: Marsh is one of the world's largest insurance brokers and risk advisors, active in the Baltic region through local offices. Competes with Partner Broker for mid-to-large commercial accounts and complex risk placements in Latvia.
• Howden Group: Howden is an international insurance brokerage group expanding across Europe including the Nordics/Baltics. Comparable as a competitor for commercial and specialty insurance intermediation that Partner Broker targets.
• Willis Towers Watson (WTW): WTW is a global advisory and brokerage firm serving corporate clients across the Baltics. Overlaps with Partner Broker in commercial insurance placement and risk advisory for Latvian enterprises.

Market position

Strengths3 records

Weaknesses3 records

Competitive moat3 records

Key risks4 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/partner-broker---insurance-brokers-company

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Partner Broker