A new coalition amidst insurance company Tokio Marine and fintech- focused VC firm Arbor Ventures sets a goal to boost up insurtech innovation in India.
Tokio Marine: Japan’s Insurance Giant, has joined hands with Arbor Ventures, a fintech focused venture capital firm based in Singapore to rush digital transformation and innovation within the global insurance industry.
The partnership begins with Tokyo Marine’s urging words to invest in insurtech sector, both in Asia and further afield. The company claims for a strategic approach towards the collaboration that will enable it to build up opportunities for future with the insurtech sector.
The company’s corporate venture capital fund which was announced previous year will help investors to invest in early stage insurtech startups. It will not only leverage Arbor Ventures and other startups who are willing for digitalization within insurance.
Tokio Marine and Arbor Ventures building future for insurtech –
Masashi Namatame, Group Chief Digital Officer at Tokio Marine holdings states – “Arbor’s aim to build feature for fintech resonates with the help of Tokio Marine’s digital strategy; it’s network and strongly potentiolised startups will greatly appreciate Tokio Marine’s collaborative approach to serve innovative products and services in insurance industry and beyond.
Melissa Guzy, Managing Partner of Arbor Ventures adds – “Tokio Marine is a world renowned leader that Arbor is enlightened to add as it’s strategic partner in lighting the future of both fintech and insurtech. Thus, it aims to build the next generation of transformational insurtech startups together.
With centers located in Singapore, the US and Japan as well as it’s presence in EMENA, the fintech and insurtech focused VC fund will justify a valuable partner. It holds more than 30 investments partnerships to date comprising financial super app Grab, underwriting insights firm Planck and credit and payment Fintech Paidy, which was sold to PayPal.