Seesam Insurance AS Lietuvos filialas

What Seesam Insurance AS Lietuvos filialas does

Seesam Insurance AS Lietuvos filialas is the Lithuanian branch of ADB Compensa Vienna Insurance Group, which itself sits within Vienna Insurance Group (VIG), a major Austrian insurance conglomerate with operations across Central and Eastern Europe. Operating under the Seesam and Compensa brands in Lithuania since 1998, the entity is registered in Vilnius (Ukmergės g. 280, company code 304080146) and markets a multi-line insurance portfolio to individual consumers and corporate employers. The flagship Seesam health insurance product — historically the brand's namesake — covers outpatient treatment and integrates SEESAM TeleMED, a remote family doctor consultation service delivered through a partnership with Telesante UAB (licensed remote healthcare provider, license No. 4774) via phone, Viber, WhatsApp, and Zoom in Lithuanian, English, Russian, German, and French.

The company's product surface spans transport insurance (mandatory MTPL, KASKO for standard and electric vehicles, and the Compensa VAIRUOK telematics application), property insurance (residential property, green energy equipment such as solar panels and heat pumps), personal lines (personal accident, travel), health insurance (Seesam and Compensa Life plans), and a life and savings suite (investment-linked Ateitis plius, risk insurance, OncoDrop cancer coverage, pension annuity, and guaranteed-interest life insurance). The underlying technology platform combines an online eshop (eshop.compensa.lt), a 24/7 self-service portal (savitarna.compensa.lt) for policy management and claims tracking, a telematics mobile app, and omnichannel customer support centered on a single phone number (19111) and physical service branches.

The revenue model is built on recurring insurance premiums — monthly or annual — collected from individual policyholders and corporate group plans, with employer-sponsored health insurance serving as a B2B2C channel. Go-to-market combines direct-to-consumer digital purchase, inside sales via phone, and field distribution through branches; employer group plans are sold as part of the Compensa product mix. Marketing leverages the compensa.lt website, Facebook, LinkedIn, Instagram, email, and online inquiry forms, with SEESAM TeleMED positioned as the primary brand differentiator across digital touchpoints.

Name

Seesam Insurance AS Lietuvos filialas

Legal name

Seesam Insurance AS Lietuvos filialas

Website

https://seesam.lt

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Seesam Insurance AS Lietuvos filialas is the Lithuanian branch of Compensa Vienna Insurance Group (VIG), offering health (Seesam), vehicle, property, life, and accident insurance to individual consumers and corporate employers through online, phone, and branch channels, with integrated remote doctor consultation services.

Ownership category

akta.pro rank

Product category

Insurance Services

NAICS

Direct Health and Medical Insurance Carriers (524114), Direct Property and Casualty Insurance Carriers (524126), Direct Life, Health, and Medical Insurance Carriers (52411), Insurance Carriers (5241)

SIC

Accident & Health Insurance (6321), Fire, Marine & Casualty Insurance (6331), Life Insurance (6311), Insurance Carriers, Nec (6399)

akta.pro primary industry

Small Group Health Insurance (2–50/100) (FSAIAFAD)

akta.pro secondary industries

Individual Supplemental Health (Hospital Indemnity, Critical Illness, Accident) (FSAIAEAD), Specified Disease Hospital Indemnity (e.g., Cancer Hospital Indemnity) (FSAIAKAI)

Keywords

• Health insurance
• Property insurance
• Vehicle insurance
• Life insurance
• Accident insurance

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Health Insurance Premiums: Seesam Insurance generates revenue through health insurance premiums charged to individual policyholders and employer-sponsored group plans. Premiums are collected on a recurring basis (monthly or annual billing cycles) for coverage that includes outpatient treatment, remote consultations (SEESAM TeleMED), and other health insurance program benefits.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels7 records

Core offering

Seesam Insurance AS Lietuvos filialas sells a broad portfolio of insurance products in Lithuania under the Seesam and Compensa brands, including health insurance (Seesam brand), vehicle insurance (MTPL and KASKO), property, personal accident, travel, and life insurance products. It is operated as the Lithuanian branch of ADB Compensa Vienna Insurance Group, which is part of the Vienna Insurance Group (VIG) conglomerate, and offers both direct consumer policies and employer-sponsored group health plans.

Product overview

Seesam Insurance AS Lietuvos filialas (part of Compensa Vienna Insurance Group) offers a comprehensive insurance portfolio organized into transport insurance (MTPL, CASCO for standard and electric vehicles, telematics app VAIRUOK), property insurance (home and green equipment coverage), personal insurance (accident, travel), health insurance (Seesam and Compensa Life health plans with TeleMED remote consultations), and life insurance products (investment life insurance Ateitis plius, risk insurance, pension annuity, guaranteed interest life insurance). The product ecosystem includes core offerings supplemented by add-on modules and a self-service portal for policy management and claims processing.

Differentiator

Problem solved

Functional benefit

Brands

• Seesam TeleMED: Remote family doctor consultation service for Seesam health insurance clients
• Compensa VAIRUOK
• OncoDrop
• Ateitis plius

Products and services

• Seesam Health Insurance (Seesam sveikatos draudimas) Health insurance product covering medical expenses and healthcare services, including access to outpatient treatment programs. Available to individual policyholders and as employer-sponsored group health insurance.
• SEESAM TeleMED Remote family doctor consultation service available to Seesam health insurance clients on the outpatient treatment program, delivered in partnership with Telesante UAB via phone, Viber, WhatsApp, and Zoom in Lithuanian, English, Russian, German, and French.
• MTPL (Privalomasis vairuotojų civilinės atsakomybės draudimas) Mandatory third-party liability insurance for vehicle owners covering damages caused to third parties in traffic accidents.
• KASKO Insurance Voluntary vehicle insurance covering damage to the insured vehicle from accidents, theft, vandalism, and other risks.
• KASKO Insurance for Electric Vehicles Specialized vehicle insurance for electric vehicles covering battery damage, charging equipment, and standard vehicle risks.
• Compensa VAIRUOK Telematics App Smart telematics application that helps drivers drive safer, more economically, and efficiently by tracking driving behavior and providing feedback.
• Property Insurance (Turto draudimas) Property insurance covering damage to or destruction of residential property from various risks.
• Green Equipment Insurance (Žalieji įrenginiai) Insurance for green energy equipment such as solar panels, wind turbines, and heat pumps, designed to promote sustainability.
• Personal Accident Insurance (Nelaimingų atsitikimų draudimas) Personal accident insurance providing financial protection against injuries and disabilities resulting from accidents.
• Travel Insurance (Kelionių draudimas) Travel insurance covering medical expenses, trip cancellation, luggage loss, and other travel-related risks.
• Investment Life Insurance "Ateitis plius" Investment life insurance product combining life insurance protection with investment opportunities for future savings and financial stability.
• Risk Insurance "Tavo gyvenimo ritmu" Flexible risk insurance allowing customers to customize financial protection based on their lifestyle and life stage.
• Cancer Insurance "OncoDrop" Cancer insurance providing financial protection in case of cancer diagnosis, including access to second medical opinions from world-class experts.
• Pension Annuity Insurance (Pensinio anuiteto draudimas) Pension annuity insurance providing stable, planned income upon reaching retirement age.
• Life Insurance with Guaranteed Interest Rates Life insurance with guaranteed interest rates for safe and simple savings for oneself and children's future.
• "Ramus" Comprehensive Insurance Comprehensive calmness insurance product providing broad coverage for various life risks.
• Purchase Insurance (Pirkinio draudimas) Purchase insurance covering damage, destruction, or theft of purchased goods.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• Telesante UABcoreTechnology or IntegrationTelesante UAB (https://telesante.lt/, healthcare license No. 4774) provides the remote doctor consultation platform powering SEESAM TeleMED. Seesam Insurance (via Compensa Vienna Insurance Group) refers its health insurance clients to Telesante for remote family doctor consultations. Telesante delivers consultations via phone, Viber, WhatsApp, and Zoom in Lithuanian, English, Russian, German, and French. Seesam shares client personal data (excluding policyholder information) with Telesante solely for the purpose of scheduling and delivering remote medical consultations.

Recent moves1 record

Expansion highlights6 records

Direct peers

• AB Lietuvos draudimas: Largest Lithuanian insurance company offering a comprehensive portfolio of motor, property, health, and life insurance; competes directly with Seesam/Compensa across essentially every product line in the Lithuanian market.
• BTA Baltic Insurance Company: One of the largest Baltic insurance companies offering motor, property, health, and travel insurance across the Baltic states; competes with Seesam in both Lithuania and the wider Baltic region.
• Compensa Life Vienna Insurance Group SE Lietuvos filialas: Sister entity under VIG that operates independently in Lithuania selling life and health insurance; shares brand, parent, and customer base with Seesam and is the most direct internal comparable for the health-insurance line.
• ERGO Insurance SE Lietuvos filialas: Lithuanian branch of German insurer ERGO, offering motor, property, health, accident, and life insurance; direct pan-European-branch competitor to Seesam with overlapping product set and similar distribution model.
• UADBB Balcia Insurance SE: Baltic-headquartered insurer offering motor, property, and personal insurance across Lithuania, Latvia, and Estonia; a regional challenger with comparable product range and Baltic-only focus.
• If P&C Insurance AS Lietuvos filialas: Lithuanian branch of Nordic insurer If (Sampo/Sampo Group), offering motor, property, and personal lines; competes with Seesam/Compensa using a similar foreign-branch structure and telematics-based pricing.
• PZU Lietuvos draudimas: Lithuanian subsidiary of Polish insurance leader PZU, offering a broad portfolio including motor, property, life, and health insurance; a deep-pocketed multi-line competitor in the Lithuanian market.
• Gjensidige Lietuva: Norwegian insurer Gjensidige's Lithuanian subsidiary offering property, motor, and personal insurance; a directly comparable multi-line competitor in the same Baltic market.

Others

• Telesante UAB: Licensed Lithuanian remote healthcare provider powering SEESAM TeleMED; an ecosystem partner rather than competitor, but useful reference for evaluating the operating risk and replacement cost of the telemedicine capability.

Broad incumbents

• Swedbank Life Insurance SE Lietuvos filialas: Lithuanian life insurance branch of Swedbank, distributing insurance through the large Swedbank banking network; offers life and investment-linked products that overlap with Compensa's Ateitis plius and pension annuity range.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/draudimo.bendrove.compensa
• LinkedInlinkedin.com/company/seesam-insurance-as-lietuvos-filialas
• Instagraminstagram.com/compensa_lietuva

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 Seesam Insurance AS Lietuvos filialas