Bajaj Allianz General Insurance Company, which is one of India’s leading private general insurance company, has appointed Tapan Singhel as its new Managing Director and CEO. Mr. Singhel who has been with Bajaj Allianz since inception was previously holding the position of Chief Marketing Officer since November 2009.

Tapan was a Zonal Manager for almost 3 years and then moved in the role of a President till 2009 post which he took up the Marketing function. He takes over the top position from...  Read More »

Berkshire Hathaway Inc which runs Insurance and reinsurance business activities through approximately 70 domestic and foreign-based insurance companies extends its Reinsurance business in India.

Berkshire which is controlled by the business magnate and investor Warren Buffet, has been trying to set its foot in the Indian Insurance market for sometime now. But the bar on the foreign investment limit has kept them at bay from setting up a wholly owned insurance company. Last year, Berkshire...  Read More »

Thomas Cook signed an agreement with Bajaj Allianz General Insurance

Thomas Cook India Ltd, India’s largest integrated travel and travel related financial services company has entered into a tie-up through its subsidiary group Thomas Cook Insurance Services India Limited as a corporate agent of Bajaj Allianz General Insurance Company.

The partnership will give an edge to the leading private insurer in expanding its distribution network. Thomas cook will offer travel insurance plans and...  Read More »

Insurance Regulatory and Development Authority (IRDA) has released the business figures of all general or non-life insurance companies in India. For the month July 2011, these companies have collectively recorded an 18.5% growth over their premium collections in July 2010.

New India Assurance, the country’s largest non-life insurer, has collected Rs 707.15 crore for the month of July this year, with a growth of 18.2% over its collections in July last year. The other 3 public sector insurance...  Read More »

General insurance companies ICICI Lombard, IFFCO Tokio, Royal Sundaram, Bajaj Allianz, New India Assurance and National Insurance failed to comply with the guidelines laid down by the Insurance Regulatory and Development Authority (IRDA).

These six insurance companies had granted licenses to five group entities belonging to the same promoter entity M/s Maruti Suzuki India Ltd group, to act as corporate agents on their behalf.

Corporate agent means a company or firm which holds a license to...  Read More »

Private and public general insurance companies have submitted their business figures for the month of April 2011 to Insurance Regulatory and Development Authority (IRDA).

 
The collective business done by private non-life or general insurance companies in the month of April is Rs 2,296 crores. This includes companies like ICICI Lombard, HDFC ERGO, Royal Sundaram, Tata AIG, Reliance General, Bajaj Allianz General, Chola MS, Future Generali.

On the other hand the four public sector general...  Read More »

Zero Depreciation or ‘Zero Dep’ car insurance policies seem to be gaining momentum with increasing awareness amidst car owners in India.

Car owners until recently could not get a complete cover for their cars. Insurance companies would take depreciation of the car into account which would go up to 40% or even higher depending on the age of the car.

In 2009 however, this scenario changed completely. Some general insurance companies selling car insurance introduced add-on covers which...  Read More »

Bajaj Allianz General Insurance and Life Insurance received the Bloomberg UTV Financial Leadership Award 2011 organized by Bloomberg UTV and MCX in Mumbai.

The insurer received awards across multiple categories. Bajaj Allianz General Insurance bagged the award for ‘General Insurer of the Year - Private Sector’ whereas Bajaj Allianz General and Bajaj Allianz Life Insurance bagged the awards for ‘Best Contribution in Investor Education and Category Enhancement of the year’.

The Chief Guest...  Read More »

Warren Buffett has officially set up a shop in India in the form of a website that will sell policies of Bajaj Allianz General Insurance Company. Berkshireinsurance.com is a subsidiary of Berkshire Hathaway Inc and is now a licensed corporate agent of Bajaj Allianz General Insurance.

The company has started to sell car insurance policies of Bajaj Allianz directly to customers through this online channel.

To make its presence felt in the Indian insurance markets, Berkshire India has...  Read More »

Warren Buffett, the legendary and most successful investor has set up a shop in India that will sell motor insurance policy of Bajaj Allianz. The shop is in the form of a website www.berkshireinsurance.com

Individuals that have bought Bajaj Allianz motor insurance policies through this site will get a chance of a lifetime to meet Warren Buffett, one of the wealthiest people in the world, on his visit to India. Buffett, who is the Chairman and CEO of Berkshire Hathaway, will meet policyholders...  Read More »