Jio Financial, Allianz SE Plan Insurance Venture in India

24 Mar 2025 CW Team

Reliance group-owned Jio Financial Services has reportedly reached a preliminary agreement with Germany’s Allianz SE to establish an insurance business in India.

The talks follow Allianz’s recent decision to sell its 26% stake in non-life and life insurance joint ventures with Bajaj Finserv to the Bajaj Group for approximately 2.6 billion euros ($2.82 billion).

While Jio and Allianz are finalizing the ownership structure, Allianz aims to secure a majority stake in the venture. However, the company is also open to governance rights with a possibility of gaining control in the future.

The German insurer has emphasized that India remains a crucial growth market, and it continues to explore new opportunities to strengthen its position in the country’s insurance sector.

Real Estate

30 Jul 2026

AI: The New Recruit

From getting ideas to evaluating designs, presenting concepts to clients and tracking projects, artificial intelligence (AI) is helping architects work better and faster.“AI allows architects to spend more time doing what only they can do: think critically, synthesise complexity and design with intent,” says Dikshu C Kukreja, Managing Principal, CP Kukreja Architects. “Every minute reclaimed from repetitive processes can be invested in creativity, contextual understanding, interdisciplinary collaboration and innovation – the qualities that define meaningful architecture.”To read the ..

Redevelopment 2.0

In 2017, Mumbai identified 160,000 ageing buildings due for structural audit. Close to half of these were in the Western Suburbs. Redeveloping the oldest and structurally weakest of these would help unlock new housing, much needed given the city’s growing population density and constant developed area of 437.7 sq km. At 30,600 people per sq km in 2024, Mumbai’s density was almost thrice that of Gurugram, and 60 per cent higher than Bengaluru’s.Essentially, Mumbai’s realty market has demand. It has capital. It has realty development potential.Fast forward to 2026. Mumbai has 1,094 regis..

Cost intelligence will become a strategic contributor to project success

As India's construction industry accelerates its digital transformation, integrated platforms, AI and connected data are becoming essential to improving cost certainty, project efficiency and sustainability. Ravi Kumar, Sales Director – India, RIB Software India, shares how digital workflows are reshaping project planning, commercial management and decision-making across the construction value chain.India's construction sector is embracing digital technologies at an unprecedented pace. From your perspective, what are the biggest shifts driving this transformation and how is RIB Software enab..