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Best Health Insurance in Latvia

5 insurers ranked and reviewed Β· Updated May 2026

Sources:Bank of Latvia β€” Insurance ReportsLatvian Insurers Association (LTAB)

Healthcare System Overview

Latvia operates a tax-funded public healthcare system with the National Health Service (NVD) providing universal coverage to citizens and legal residents. The system covers primary care, specialist care, hospital treatment, and partially subsidizes medications. However, co-payments exist and wait times for specialist care can be long. Private health insurance is primarily employer-provided as a benefit and covers additional services, faster access, and private clinic care.

#1

BTA Baltic Insurance Company

AAS BTA Baltic Insurance Company

private
92Score
Bank of Latvia: #1 Non-Life Insurer (33.5% Share)(2025)
β˜…β˜…β˜…β˜…β˜†4.0satisfactionFinancial strength: A+ (Vienna Insurance Group β€” S&P)

Market Share

33.5% non-life (#1)

Parent Company

Vienna Insurance Group

Cross Baltic

Only insurer with cross-Baltic health coverage

  • #1 non-life insurer in Latvia (33.5% market share)
  • Only insurer offering health coverage across all three Baltic states
  • Largest number of contractual medical institutions in Latvia
  • 'Mans BTA' mobile app with digital health cards
#2

Balta Insurance

ApdroΕ‘inaΕ‘anas akciju sabiedriba BALTA

private140K members
88Score
Bank of Latvia: #1 Health Insurer (140K+ Members)(2025)
β˜…β˜…β˜…β˜†β˜†3.8satisfactionFinancial strength: A- (PZU Group β€” S&P)

Health Members

140,000+

Market Share

~19% non-life

Parent Company

PZU Group (Poland)

  • Health insurance market leader in Latvia (140,000+ insured)
  • 600+ employees across 42 branches
  • Part of PZU Group (Poland's largest insurer)
  • Corporate group health insurance for companies with 4+ employees
#3

ERGO Insurance (Latvia)

ERGO Insurance SE Latvijas filiale

private
78Score
Munich Re Group: World-Class Reinsurer Backing(2025)
β˜…β˜…β˜…β˜†β˜†3.6satisfactionFinancial strength: AA- (Munich Re β€” S&P)

Market Share

~14%

Parent Company

ERGO Group / Munich Re

Foreign Coverage

Inpatient and outpatient for foreigners

  • Part of Munich Re group (world's largest reinsurer)
  • ~14% overall market share in Latvia
  • Private insurance covering inpatient and outpatient care for foreigners
  • Life and health insurance through ERGO Life Insurance SE
#4

IF P&C Insurance (Latvia)

If P&C Insurance AS filiale Latvija

private
74Score
Sampo Group: Nordic-Quality Insurance (S&P: A+)(2025)
β˜…β˜…β˜…β˜†β˜†3.8satisfactionFinancial strength: A+ (Sampo Group / If P&C β€” S&P)

Parent Company

Sampo Group (Finland)

Foreign Coverage

Residence permit holders

Standards

Nordic-quality

  • Leading Nordic insurer (part of Sampo Group)
  • Private insurance for foreigners with residence permits
  • Strong digital services platform
  • Nordic-quality service standards
#5

Compensa Life (Latvia)

Compensa Life Vienna Insurance Group SE Latvijas filiale

private
70Score
VIG: Life & Health Specialist (S&P: A+)(2025)
β˜…β˜…β˜…β˜†β˜†3.5satisfactionFinancial strength: A+ (Vienna Insurance Group β€” S&P)

Parent Company

Vienna Insurance Group

Foreign Coverage

Inpatient and outpatient for residence permit holders

Specialty

Life + health combination products

  • Part of Vienna Insurance Group (S&P: A+)
  • Inpatient and outpatient care for foreigners with residence permits
  • Life + health combination insurance products
  • One of three insurers covering foreign residents in Latvia

About Health Insurance in Latvia

Latvia operates a tax-funded public healthcare system with the National Health Service (NVD) providing universal coverage to citizens and legal residents. The system covers primary care, specialist care, hospital treatment, and partially subsidizes medications. However, co-payments exist and wait times for specialist care can be long. Private health insurance is primarily employer-provided as a benefit and covers additional services, faster access, and private clinic care.

Our editorial team has evaluated and ranked the top 5 health insurers in Latvia based on editorial ratings from trusted sources, customer satisfaction, financial strength, and coverage quality. Rankings are updated regularly to reflect the latest market changes.

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