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Bajaj Allianz General Insurance Company Limited
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Allianz AG
Allianz group was founded in 1890 and is one of the world's leading insurance companies with over 100 years' experience in insurance and related services. It is also the largest insurer in Europe. Allianz group has multi-local structure and presence in over 70 countries. The key business areas of Allianz group include General Insurance (property, engineering, marine, motor, casualty and miscellaneous), Reinsurance, Risk Management, Life & health insurance, Asset Management and Pension Funds Management.
Cornhill Insurance in the United Kingdom, Fireman's Fund in the United States of America, AGF in France, RAS s.p.a in Italy, MMI in Australia are some companies under Allianz group. Rated 'AAA' by S&P it has assets over 670 billion DM (Rs. 17,160 billion) under its management with employee strength of over 1,05,700.
Bajaj Auto Ltd.
Bajaj Auto Ltd the flagship company of Bajaj Group was incorporated in 1945 as Bachraj Trading Corporation. Initially it started by assembling two and three wheelers in collaboration with Piaggio of Italy. After the expiry of the agreement in 1971 the two and three wheelers acquired the brand name of Bajaj. The strength of the company lies in its strong brand image and ability to offer value for money products leveraging on its large-scale operations.
Bajaj is one of India's largest two and three - wheeler manufacturer and the fourth largest manufacturer of two-wheeler in the world, with an annual turnover of Rs. 42.16 billion.
The Joint Venture
Bajaj Allianz General Insurance a joint venture non-life company promoted jointly by Bajaj Auto and the German insurer- Allianz. Indian auto major holds 74% while Allainz holds 26% in the Joint Venture, and has an authorized and paid up capital of Rs. 110 crores. Mr. Graham Norris is the CEO of the company. Bajaj Allianz General Insurance will leverage the customer base and expertise of Bajaj Auto Ltd and Allianz AG
Incorporated in September 2000, Bajaj Allianz General Insurance received the certificate of registration from Insurance Regulatory and Development Authority in May 2001.
Contact Address
The company is headquartered in Pune, with branch offices in Mumbai, Chennai, Bangalore, New Delhi, Baroda, Kolkotta and Hyderabad
Bajaj Allianz General Insurance Co. Ltd.
GE Plaza,
Airport Road,
Yerawada,
Pune-411006
Tel : 020-4026666
Fax: 020-4026667
Website URL: www.bajajallianz.co.in