Tokio Marine partners with insurtech VC to accelerate digital strategy

Tokyo-headquartered insurance group  Tokio Marine has established a strategic partnership through its innovation lab in Singapore to help accelerate the digital transformation of the global insurance industry.

Tokio Marine Asia has partnered with Arbor Ventures, a global fintech/insurtech-focussed venture capital firm, headquartered in Singapore with offices in Singapore, US, Japan as well as a presence in EMENA.

Earlier in April, the company launched its corporate venture capital (CVC) fund partnering with World Innovation Lab, Tokio Marine Future Fund, to invest in early-stage startups and help accelerate the identification and development of new business models.

Tokio Marine seeks to identify and invest directly in high-growth potential startups through the CVC Fund in addition to partnering with Arbor and other VCs for unique insights and access to promising startups leading the digital transformation in insurance.

Masashi Namatame, group chief digital officer at Tokio Marine Holdings, said: "Arbor's target to create the future of Fintech resonates with Tokio Marine's digital strategy. With Arbor's network and astute scouting of startups with strong potential in the fintech space, it will greatly complement Tokio Marine's collaborative efforts to serve innovative products and services in insurance industry and beyond."

Melissa Guzy, managing partner of Arbor Ventures, commented: "Tokio Marine is a world-renowned leader that Arbor is proud to add as a strategic partner in building the future of finTech / insurtech. Arbor looks forward to building the next generation of transformational insurtech startups together."

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