For 16 years already – insurance of the Freedom Monument as gift from BTA to Latvia


It has been the 16th consecutive year now that BTA Baltic Insurance Company AAS (BTA) takes pride in presenting our Latvia on its birthday with 1.5 million euro insurance of the state’s one of the most prominent independence symbols – the Freedom Monument.


“One of the driving forces of BTA is people creating new and observing ancient traditions. They are key elements of the cultural heritage in our, as well as cultures of other peoples, handed over from generation to generation, thus shaping the nation’s identity and historical fundament for further development. Thus BTA takes care that each employee, client, cooperation partner and each member of society could pass over to next generations this symbol of national independence – Freedom Monument – for the unity of the Latvian people,” emphasizes BTA Deputy Management Board Chairman Oskars Hartmanis.


The next year’s cover of the policy, presented by BTA to the owner of the monument, Riga municipality, includes insurance against fire, liquid or steam leakage, natural disasters, as well as damages incurred to the monument’s body resulting from third party illegal activity.


“The Freedom Monument, constituted by 13 groups of sculptures and bas-reliefs, reflecting the history and culture of Latvia, has been one of those symbols for the Latvian nation, since the opening of the monument on 18 November 1935 and throughout these years, has been a huge role in boosting and sustaining patriotism in the hearts of people while passing through various historic events. It has been a ray of hope during the years of the Latvian occupation, and a mighty symbol of freedom during independence. The pecuniary value of the Freedom Monument is just a very random approximation, as its added value, the sensation it stirs in Latvian people while at its presence, is beyond any measure. This is an honour to us at BTA, that we can be one of guardians of Latvian symbols of freedom,” says O.Hartmanis.


BTA takes care not only for the safety and preservation of historical evidence and symbols, it cares for the present and the future as well. Thus, last year was the start for BTA Art project to promote the development of Latvian, as well as Lithuanian and Estonian contemporary art. The BTA Art collection at the moment consists of more than 45 masterpieces, displayed in the head offices of BTA in all three Baltic States. This collection includes pieces of both already established contemporary art authors, as well as seeks to discover new artists with a potential.


About BTA

BTA Baltic Insurance Company is one of the leading insurance companies in the Baltics, offering the broadest range of non-life insurance services in Latvia, Lithuania and Estonia. BTA employs more than 1,000 employees in the Baltics. The largest shareholder of BTA is Vienna Insurance Group AG with close to 200 years of experience in the insurance business. With about 50 companies in 25 countries and more than 25,000 employees, Vienna Insurance Group is a clear market leader in its CEE markets. Vienna Insurance Group is the best-rated company of ATX, the leading index of Vienna Stock Exchange with a rating of A+ with stable outlook from Standard & Poor’s; its share is also listed on the Prague Stock Exchange.


Additional information:

Elīna Rasmane

Marketing and Public Relations Department Director

BTA Baltic Insurance Company AAS