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Tokio Marine has invested $5m (Y773.77m) for a minority share in Singapore-headquartered InsurTech firm Igloo.
The Japanese insurer has taken a 1.65% curiosity in Igloo by buying 493,984 shares at $10.12 every.
Tokio Marine joins different backers together with Openspace Ventures, Cathay Improvements, Blue Orchard and FinnFund.
Igloo operates in eight nations throughout South East Asia and focuses on embedded insurance coverage options utilizing digital platforms.
Since its institution in 2016, the corporate has dealt with greater than 600 million insurance coverage insurance policies and prolonged its product vary to incorporate climate-related insurance coverage safety for incidents akin to floods, fires and extreme climate occasions.
Tokio Marine’s funding is anticipated to advance Igloo’s growth efforts, particularly in Indonesia.
There, Tokio Marine is realigning its enterprise in the direction of technology-based retail insurance coverage merchandise, transferring away from a sole concentrate on conventional property and normal insurance coverage strains and forming new partnerships with digital-first firms.
In September 2025, Tokio Marine was the lead investor in an extension funding spherical for Indonesian insurtech firm PasarPolis, additionally valued at $5m.
In 2024, Igloo entered agreements with a number of monetary providers suppliers in Vietnam.
These embrace digital pockets firm Zalopay, client finance companies Lotte Finance and FE Credit score, in addition to digital insurer OPES.
In the meantime, final yr, Axinan Thailand, a part of the Igloo-owner Axinan Group, and JMT Community Providers shaped a three way partnership in Thailand.
On the time, Igloo stated that the transfer marks the creation of Thailand’s “first true digital insurer”.
“Tokio Marine takes minority stake in insurtech firm Igloo” was initially created and revealed by Life Insurance coverage Worldwide, a GlobalData owned model.
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