Allianz has appointed Ritu Arora as its Country Head of India, effective immediately, reinforcing the global insurer’s long-term growth ambitions in the country. In her new role, Arora will spearhead Allianz’s strategic expansion, including its recently announced partnerships with Jio Financial Services Limited to establish joint ventures in reinsurance, general, and life insurance in India.
Previously, Arora served as CEO & CIO of Allianz Investment Management in Asia Pacific and India Advisor to the Allianz SE Board. She oversaw investment operations across 12 countries and 21 entities, managing an AUM portfolio of approximately USD 50 billion, while channeling substantial investments into Indian public and private markets.
Commenting on her appointment, Ritu Arora, Country Head of India, Allianz, said:
"I am honored to lead Allianz into its next phase of growth in India. The country's strong economic progress, rising financial participation, and national vision of 'Insurance for All by 2047' presents a powerful opportunity to enhance financial resilience and security for millions of people. We are deeply invested in India's long-term growth. Allianz has been protecting the futures of millions of customers worldwide since its foundation in 1890, and I believe the combination of our global heritage and expertise combined with our local understanding and knowledge of the Indian market will ensure we can create sustainable value for individuals, communities, and businesses across the country."
Arora brings decades of experience in India’s insurance sector, including leadership roles at PNB MetLife and Canara HSBC Insurance. Her appointment underscores Allianz’s commitment to strengthening its domestic footprint, expanding offerings, and driving financial inclusion in the rapidly evolving Indian market.
This move positions Allianz to leverage both global expertise and local insights, aiming to deliver innovative insurance solutions and long-term value to customers and stakeholders across India. |
