Allianz Jio Reinsurance Ltd (Allianz Jio Re), the 50:50 joint venture between Jio Financial Services Ltd (JFSL) and Allianz Group (Allianz), through its wholly-owned subsidiary Allianz Europe B.V., has commenced operations, with the company authorized to underwrite reinsurance in India with immediate effect.Allianz Jio Re received final regulatory approval from the Insurance Regulatory and Development Authority of India (IRDAI) on March 12, 2026.The combination of JFSL’s local reach and digital infrastructu ...