Allianz has announced the appointment of Ritu Arora as its new Country Head for India, effective immediately.
Based in Mumbai, Ritu will be responsible for steering Allianz’s long-term expansion and deepening the company’s engagement across India’s financial and insurance landscape.
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’ present 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.” she added.
Extensive Experience and Background
Before assuming her current role, Ritu Arora served as CEO and Chief Investment Officer for Allianz Investment Management Asia Pacific, as well as Advisor to the Allianz SE Board.
With over two decades of experience in insurance and investment management, she has led teams spanning 12 markets and managed assets exceeding USD 50 billion. Her strategic leadership has been instrumental in channeling global capital into India’s equity and private debt markets.
Ritu’s vision aligns with India’s national goal of Bharat ke liye 2047 tak sabke liye beema (“Insurance for All by 2047”) and focuses on enhancing financial inclusion and resilience nationwide.
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.
Reinforcing Allianz’s commitment to India
Allianz’s decision to elevate Ritu Arora to Country Head comes soon after it entered a binding agreement with Jio Financial Services Limited earlier in 2025 to establish a 50:50 domestic reinsurance joint venture.
The companies also agreed to explore joint ventures in life and general insurance businesses, strengthening Allianz’s local base.
Ritu emphasized Allianz’s commitment to investing in India’s economic and social development, citing the country’s demographic advantage, rising financial literacy, and surging demand for long-term protection products.
She noted that Allianz’s blend of global expertise and local insight positions it uniquely to deliver sustainable value to Indian individuals, communities, and enterprises.
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