Jio Financial Forms JV With Allianz For Reinsurance Business

While JFS has been slowly expanding its fintech universe to launch services for direct customers, the reinsurance JV is aimed at insurance companies

JFS and Allianz said they have also entered into a non-binding agreement to set up JVs for general and life insurance business in the country

The development comes months after the Allianz Group ended its 24 years insurance partnership with the Bajaj Group

Fintech company Jio Financial Services (JFS) has inked a binding…