Tag: news Warren Buffett

Warren Buffett Reveals the Irresistible Allure of the Insurance Game

Nordstrom
Warren Buffett Reveals the Irresistible Allure of the Insurance Game

The Insurtech Revolution in an Autonomous World During the May 2024 Berkshire Hathaway annual meeting, Warren Buffett, a titan of the investment world, shared his insights on the insurance industry, describing it as both intriguing and challenging. His reflections illuminate the industry’s timeless appeal and its unique model that thrives on receiving payments upfront while delivering coverage later. Yet, in an era where technological progress is reshaping industries, Buffett’s insights reveal how the insurance sector must adapt to new realities presented by emerging technologies like autonomous vehicles. The Timeless Appeal…

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Berkshire India announces intentions to sell either health or life insurance

H. Cutner

A branch of Berkshire Hathaway – a firm owned by Warren Buffet – called Berkshire India has announced that it will be selling either Bajaj Allianz life or health insurance products to consumers in India. Bajaj Allianz corporate agent, Berkshire India is already providing retail customers with online travel and auto insurance products through its distribution website. However, according to Arun Balakrishnan, the CEO of BerkshireInsurance.com, within the upcoming six months, the insurer plans “to launch one more product which would be either health insurance or term life product.” Their…

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Bershire Hathaway opens doors in India

Marc

Berkshire Hathaway Inc., a U.S. based insurance company run by Warren Buffett, has announced that they will be entering the insurance market in India. The insurer will make its entrance into the Indian sector as a corporate agent of Bajaj Allianz General Insurance. Berkshire Hathaway will provide general insurance products via online distribution. They will focus their efforts mostly on auto insurance and branch out from there. The Indian insurance market is experience rapid evolution and Berkshire Hathaway is committed to providing the products that are needed most. According to…

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