Jio Financial Services Limited (JFSL) and Allianz Group (Allianz), through its wholly-owned subsidiary Allianz Europe BV, entered into a binding agreement to form a 50:50 domestic reinsurance joint venture to serve the dynamic and high-growth insurance market in India.
Life insurance market in India will grow at 10.5 per cent against a global average of 4.5 per cent over the next ten years, according to a report by Allianz Global Insurance.
The health insurance sector may face challenges in the coming months due to rising claims and increased competition, particularly in the retail sector, highlighted a report by