Reliance-owned Jio Financial Services (JFSL) and Allianz Group have signed a binding agreement to set up a 50:50 primary insurance joint venture (JV) in India, covering general and health insurance. The proposed entity will combine JFSL’s digital infrastructure and distribution reach with Allianz’s experience in insurance, with a focus on offering protection products to individuals as well as businesses. Partners indicated that the initiative comes amid increasing demand for long-term financial protecti ...

Allianz Group, through its wholly-owned subsidiary Allianz Europe B.V., has entered into a binding agreement with Jio Financial Services Limited (JFSL) to form a 50:50 primary insurance joint venture offering general and health insurance.This agreement formalises a partnership first announced in July 2025, by establishing a domestic reinsurance joint venture, Allianz Jio Reinsurance Limited (Allianz Jio Re), which started operating in the country in March 2026.This partnership combines JFSL’s digital capabi ...

As CIO of Asia, she oversaw the investment management function spanning 12 countries and 21 operating entities, managing one of the region's largest AUM portfolios of approximately $50 billion. She played a key role in channeling significant investments into Indian public markets and diverse private asset classes.In July 2025, Allianz announced that it had entered into a binding agreement with "I am honoured to lead Allianz into its next phase of growth in India. The country's strong economic progress, ris ...