Mumbai: Allianz has announced the appointment of Ritu Arora as Country Head of India, effective immediately. The appointment underscores the Allianz Group’s long-term commitment to India’s rapidly expanding financial and insurance markets.
Ritu Arora previously served as CEO & CIO of Allianz Investment Management in Asia Pacific and as India Advisor to the Allianz SE Board. In her new role, she will lead Allianz’s strategic initiatives and growth roadmap in India, strengthening the Group’s presence and partnerships in one of the world’s most dynamic economies.
As CIO of Asia, Ritu oversaw investment operations across 12 countries and 21 entities, managing an AUM portfolio of approximately USD 50 billion. She was instrumental in channeling substantial investments into Indian public markets and diversified private asset classes.
Earlier this year, in July 2025, Allianz announced a 50:50 domestic reinsurance joint venture with Jio Financial Services Limited (JFSL), marking a major step toward deepening its footprint in India’s reinsurance space. The companies also signed a non-binding agreement to explore joint ventures in general and life insurance businesses.
Commenting on her new role, 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.”
Prior to joining Allianz, Ritu Arora 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.
