Allianz SE conducted a SWOT analysis to formulate strategies for expanding into the Indian market. It identified strengths like its leading insurance services and opportunities in growing Asian markets. Allianz established a joint venture with Bajaj Finserv called Bajaj Allianz Life Insurance Company Limited. It has expanded successfully in India through offerings in health, pension, and other insurance products. Currently, Bajaj Allianz is among the top private insurers in India and Allianz utilizes a glocal strategy to balance global and local approaches.