Allianz Group, an insurer and asset manager, announced the appointment of Ritu Arora as the Country Head of India.
In her new role, Ritu will advance Allianz’s long-term growth ambitions for India.
Previously, Ritu served as the CEO & CIO of Allianz Investment Management in Asia Pacific, as well as India Advisor to the Allianz SE Board.
As CIO of Asia, Ritu oversaw the Investment Management function spanning 12 countries and 21 operating entities, managing one of the region’s largest AUM portfolios of approximately USD 50 billion. She played a key role in channeling significant investments into Indian public markets and diverse private asset classes.
Prior to joining Allianz, Ritu held leadership roles at several leading financial institutions and has been associated with India’s insurance industry since its deregulation in 2003. She was a founding member of PNB MetLife Insurance and Canara HSBC Insurance companies.
Ritu Arora, Country Head of India for 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.”
In July 2025, Allianz announced that it had entered into a binding agreement with Jio Financial Services (JFSL) to form a 50:50 domestic reinsurance joint venture to serve the dynamic and high-growth reinsurance market in India. The two companies also entered into a non-binding agreement for setting up equally owned joint ventures for both general and life insurance businesses in India.
