Berkshire Hathaway Enters Retail Insurance Market in India

Berkshire Hathaway Inc has announced their plans to enter the Indian insurance sector as a corporate agent of Bajaj Allianz General Insurance. Berkshire India, a majority-owned unit of Berkshire Hathaway Inc. has been incorporated to sell and distribute general insurance products in India through their online distribution portal - www.berkshireinsurance.com.
Berkshire India will sell insurance directly to the consumer by utilizing the internet portal (berkshireinsurance.com) and tele-marketing. Initially, the focus will be on Motor Insurance, but the Company will continuously update its business model to meet the needs of the fast evolving Indian insurance sector.

Why they have entered as corporate agent...they can enter as a insurance company or at least as a broker.

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Originally Posted by Rahul

Why they have entered as corporate agent...they can enter as a insurance company or at least as a broker.

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May be some sort of strategy. It's company of Warren Buffet.

Yes, really it is a well planned strategy. After all it is a great company of U.S. Now if they are entering India for car insurance, travel and health insurance, they have a clear vision behind this.