Berkshire Hathaway Enters Retail Insurance Market in India

[v.r.s.nathan]

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.

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[Rahul]

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

[tigershark]

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

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

[ankitk]

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.