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flag Jio Financial Services and Allianz form a 50:50 joint venture in India's reinsurance market.

flag Jio Financial Services and Allianz have established a 50:50 joint venture called Allianz Jio Reinsurance Ltd, aimed at entering India's growing reinsurance market. flag The venture, incorporated on September 8, 2025, combines Jio's local expertise with Allianz's global reinsurance experience, with an initial investment of Rs 2.50 lakh. flag Allianz has a 25-year history of reinsurance in India.

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