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Global Economy
by tj on March 23, 2004
Compared to the dreadful stories the Economist has about earlier non-success stories about global giants entering China in the 90s, the Handelsblatt has cheers about activities of Allianz in India.
Allianz tripled revenue from live insurances to INR 1.4 billion. Allianz is now the second largest private insurance company in India with a market share of 2.81%. Though the company only entered the country in 2001 as an insurer operations are already profitable and the overall satisfaction with the Indian joint venture partner Bajaj remains quite high.
A story you don't hear to often....
Allianz tripled revenue from live insurances to INR 1.4 billion. Allianz is now the second largest private insurance company in India with a market share of 2.81%. Though the company only entered the country in 2001 as an insurer operations are already profitable and the overall satisfaction with the Indian joint venture partner Bajaj remains quite high.
A story you don't hear to often....
Permalink: India brings early profits
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/1301
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Vote for India brings early profits:
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Rating: 7.00 out of 2 vote(s) cast.
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Response from:
No Medical Exam Life Insurance
(10/15/07 4:34am)
That's surprising news, it looks like insurance companies are already joining the trend world wide along with real estate businesses. Talking about India, these numbers sure are impressive.
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