Jio Financial Services and the Allianz Group, through its wholly owned subsidiary Allianz Europe BV, have entered into a 50:50 joint venture (JV) to set up a non-life insurance company, months after the two entities collaborated on a reinsurance company. The partnership was first announced in July 2025.The JV will benefit from Jio Financial’s extensive digital reach and understanding of the Indian market, and Allianz’s high-quality insurance products and services, the companies said in a joint statement. It ...