The HDFC joint venture gives us the opportunity to engage in a business which is already established and by bringing in the Ergo experience, we can exploit a lot of growth opportunities in non-life. We also use the Ergo brand in the life venture with Hero.
Both HDFC and Hero are excellent brands in the Indian market and they combine well with the Ergo brand. The Ergo brand stands for very solid business, high quality distribution and high quality processes and we have looked for partners with the same set of values and business policies. We look for partners who we believe will fit with our management values, because we want to stay together for a long-time. It is not so important which industry they come from.
What feedback have you got from the government on the increase in foreign direct investment in insurance?
We just had a short meeting with the government where we discussed the issue and there was no definite news.
Both HDFC and Hero are excellent brands in the Indian market and they combine well with the Ergo brand. The Ergo brand stands for very solid business, high quality distribution and high quality processes and we have looked for partners with the same set of values and business policies. We look for partners who we believe will fit with our management values, because we want to stay together for a long-time. It is not so important which industry they come from.
What feedback have you got from the government on the increase in foreign direct investment in insurance?
We just had a short meeting with the government where we discussed the issue and there was no definite news.
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