Jio Financial and Allianz to Launch 50:50 Reinsurance Venture to Strengthen Indian Insurance Market:

In a strategic collaboration, Jio Financial Services Ltd. and German insurance giant Allianz Group (via its subsidiary Allianz Europe BV) have signed a definitive agreement to establish a 50:50 domestic reinsurance joint venture in India. This partnership combines JFSL’s digital innovation and local market expertise with Allianz’s international underwriting and reinsurance capabilities, aiming to revolutionize India's growing reinsurance sector with advanced risk solutions and global best practices.