Allianz Jio Reinsurance Begins Operations in India

• Allianz Jio Reinsurance, a joint venture between Jio Financial Services Ltd (JFSL) and Allianz Group, has commenced operations.
• The company received final regulatory approval from IRDAI on March 12, 2026, to underwrite reinsurance in India.
• Headquartered in Mumbai, Allianz Jio Re aims to strengthen India's insurance ecosystem and support the 'Insurance for All' mission by 2047.
• The JV combines JFSL's local reach and digital infrastructure with Allianz’s underwriting and global reinsurance scale.
• Sonia Rawal will lead Allianz Jio Re as its Chief Executive Officer.