Numerous news outlets today are reporting that Berkshire Hathaway plans enter the Indian insurance market as a corporate agent of Bajaj Allianz General Insurance. Berkshire Hathaway’s majority-owned unit, Berkshire India, will sell and distribute general insurance products—initially just motor insurance—in India through its online distribution portal, Reuters reports.
The company will continuously update its business model—possibly including health, life and travel insurance and other personal lines—to meet the needs of the fast-evolving Indian insurance sector, according to Reuters.
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