All news

Six million euros paid out within a year in compensations for loss of crops

21 Apr 2023
All news

Six million euros paid out within a year in compensations for loss of crops

21 Apr 2023

During the past year natural disasters caused significant damage to farmers that for some farms could have been the end if the crops had not been insured. Since April 2022, the Insurance Joint Stock Company “BTA Baltic Insurance Company” (hereinafter – BTA) has received over 600 indemnity claims and has paid out more than six million euros in compensations.

As usual, rain and frost were the two major causes of the loss of crops. They have caused around two-thirds of the damage. Hail, wild animals, and birds were also among the causes of damage. However, the largest single indemnity was paid to a farm whose crops were damaged in a mid-summer storm. BTA paid compensation of more than 125,000 euros.

«In 2022, BTA insured a total of 130,000 ha of crops which is by a third less than a year earlier. There are several objective reasons for that. First, as a consequence of high inflation rate farmers had to cover increased expenditure for fertilisers, fuel and other items, so not every farm had money left over for crop insurance. Second, autumn arrived relatively late, delaying the threshing process and preventing farmers from fully sowing all the planned areas. Third, due to the new planning period for 2023–2027, national support was not yet available in autumn, » says BTA Insurance Claims Handling Department Director Kārlis Liepiņš.A total of 280 farms took the opportunity to get insurance, compared to 451 farms a year before. This means that dozens of farmers will have no protection against whims of nature this year and will only have to hope that storms and rains will not reach their fields.

Spring has already brought the first damage, as more than 80 indemnity claims have been received so far, mainly from Latgale and Vidzeme regions, for the damage caused by wild animals to the crops of winter rape. However, the number of claims could increase once farmers have surveyed their territories throughout the country.

BTA is the market leader in Latvia in terms of crop insurance. Currently, farmers have the possibility to insure their crops against the risk of frost, hail, rain, storms, wild animals and, from the beginning of May, drought. It is possible to get insurance for the following crops: winter rape, turnip rape, wheat, rye, barley, triticale, and also spring rape, turnip rape, wheat, rye, barley, triticale, oats, beans, peas, and buckwheat. BTA also offers forest insurance, i.e., insurance against storms, snow crush, fire, wild animals, theft, and insect damage. The cost of forest insurance per hectare varies between 7–30 euros, depending on the forested area and the sum of insurance.

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 sole shareholder of BTA is Vienna Insurance Group AG (VIG), the leading insurance group both in Austria and in the entire Central and Eastern European (CEE) region. Around 50 insurance companies in 30 countries form a Group with a long-standing tradition, strong brands and close customer relations. The more than 25,000 employees in the VIG take care of the day-to-day needs of more than 22 million customers. VIG shares have been listed on the Vienna Stock Exchange since 1994. The VIG Group has an A+ rating with stable outlook by the internationally recognised rating agency Standard & Poor's. VIG cooperates closely with the Erste Group, the largest retail bank in Central and Eastern Europe.

Additional information:
Elīna Zvejniece
Marketing and Public Relations Department Director
BTA Baltic Insurance Company AAS
phone: +371 66936074, mobile: +371 29374827



{{sparsePrice(price, true)}} €




Deductible CASCO
{{title | translate}} {{value}}
Insured risks

We at BTA, indemnify traffic damage caused by the party who has taken out motor insurance and the cost of medical treatment for third parties (owners of other vehicles, cyclists, pedestrians) and damage to property of third parties.


{{value | translate}}



{{translation('one_property_covered_deductible')}}{{coveredPopup.deductible}} €

Let us remind you

{{productReminderMessage}} {{productReminderDate}}.

I agree to receive special offers and information

{{ fieldsPopupHeading }}

{{ cmsFields.youngestDriver.label }}
{{ cmsFields.drivingExperience.label }}
{{ cmsFields.territory.label }}
Please specify territory
{{ cmsFields.drivingExperienceLessThanThreeYears.label }}
Please specify driving experience
Please wait!

We need few seconds to calculate best prices for you, you don’t even have time to read this message :)

Upload vehicle photos

Uploading pictures is easy! Upload pictures of the vehicle immediately and full insurance coverage is guaranteed.

Cookies Settings
Cookies settings
This website uses cookies that are strictly necessary for this website to work.
With your consent, this website may additionally use statistical and marketing cookies.

If you accept all cookies, please click "Allow".
If you wish to refuse cookies, please click "I don't agree". You can manage your preferences by clicking "Customize preferences".

For more information, please see our
Cookie Policy
For more information, see our
Cookie Policy

Functionality (necessary) cookies

These cookies are necessary for the operation of the website and cannot be disabled. These cookies can be divided into session cookies and persistent cookies, which do not store personally identifiable information. Session cookies are deleted as soon as you leave this site.

Statistics cookies

These cookies are used to measure the use of the website and traffic sources to obtain information required to improve the website’s performance. These cookies help us to determine – which sections of the website are the most popular and learn about our users' browsing habits. For this purpose, we use the Google Analytics statistics engine. All information collected is anonymous and cannot be used to identify you.

Marketing cookies

These third-party cookies are used to display personalized ads according to your preferences. We use cookies to help us collect information about your usage habits on this website and to allow us learn of your interests so that we could show you only ads that are relevant to your usage habits. In case you prefer us not to show you any ads, leave this menu check-box blank.