Allianz and Baidu Agree JV to Sell Insurance Over Internet in China
November 26 2015 - 3:20AM
Dow Jones News
By Friedrich Geiger
BERLIN--German insurer Allianz SE (ALV.XE) said Thursday it has
agreed with Chinese Internet giant Baidu Inc. (BIDU) and Hillhouse
Capital Group to establish together a business for the sale of
insurance contracts over the Internet in China.
The joint venture will apply for a nationwide digital license to
distribute a range of insurance products in areas such as travel
and possibly motor insurance, said Allianz.
Write to Friedrich Geiger at friedrich.geiger@wsj.com
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(END) Dow Jones Newswires
November 26, 2015 03:05 ET (08:05 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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