Berkshire Hathaway is shuttering its online distribution business in India two years after it began offering non-life products as a corporate agent of one of India's major insurance providers.
Since March 2011, Berkshireinsurance.com, sold vehicle and travel insurance policies on behalf of Bajaj Allianz General Insurance Co., a joint venture between Germany's Allianz SE and financial services corporation Bajaj Finserv.
“We have received an intimation that our corporate agent has decided to discontinue their online model of selling insurance,” said a Bajaj Allianz spokesperson in a statement, although the company declined to offer a reason for the deal's termination.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
