Allianz SE in talks to exit both insurance joint ventures with Bajaj Finserv | Mint

Allianz SE is in talks to exit its joint ventures with Bajaj Finserv in both life and general insurance. The potential exit reflects Allianz’s strategic shift towards consolidating its global operations and focusing on core markets. Bajaj Finserv is likely to buy out Allianz’s stake, allowing it to gain full control over the ventures. The move comes amid a broader trend of foreign insurers reassessing their investments in India’s competitive insurance market.