Tokio Marine Asia Pte. Ltd., a Tokyo, Japan-headquartered insurance group, announced a strategic partnership with Arbor Ventures, a global Fintech / InsurTech-focused venture capital firm, headquartered in Singapore.
This partnership, established through its Innovation Lab in Singapore, marks Tokio Marine’s commitment to accelerating the digital transformation of the global insurance industry.
To accelerate the identification and development of new business models, Tokio Marine Holdings, Inc. has announced earlier in April 2022 on the launch of its corporate venture capital fund partnering with World Innovation Lab, Tokio Marine Future Fund, to invest in early-stage startups.
Tokio Marine will identify and invest directly in high-growth potential startups through the CVC Fund in addition to partnering with Arbor and other VCs for insights and access to promising startups leading the digital transformation in Insurance.
Arbor is a global FinTech/InsurTech-focused VC with offices in Singapore, USA, Japan as well as a presence in EMENA. Its global connectivity and portfolio as well as its engagement in local markets will further enable Tokio Marine group’s innovation labs, spread across seven cities, including Singapore, to collaborate broadly with synergy beyond borders.
Established in the year 1879 as the first insurance company in Japan, Tokio Marine has grown over the decades, now offering an extensive selection of General and Life insurance products and solutions in 46 countries and regions worldwide.
FinSMEs
11/08/2022