Bajaj explores insurance expansion post Allianz exit

BAJAJ FINSERV is exploring expansion of its insurance business following Allianz's exit, even as the company awaits approval from the Competition Commission of India and the Insurance Regulatory and Development Authority of India to acquire Allianz's 26% stake in two insurance joint ventures — Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance.

- GEETA NAIR

S Sreenivasan, president of insurance and special projects at Bajaj Finserv, said exiting the joint ventures would provide the company with greater flexibility and opportunities for growth. He explained that being part of the joint venture involved limitations regarding shareholding structures, dilution and consensus on strategic initiatives, which could hinder b