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BUSINESS

Tokio Marine Asia partners Arbor Ventures to accelerate insurance industry's digital transformation

19/08/2022 03:14 PM

KUALA LUMPUR, Aug 19 (Bernama) -- Tokio Marine Asia Pte Ltd has partnered with Arbor Ventures, a leading global financial and insurance technology-focused venture capital (VC) firm, to accelerate the digital transformation of the global insurance industry.

The Tokyo-headquartered insurance group has been promoting transformational digital initiatives on a global basis, leveraging on collaborations with startups and service providers with key strategic capabilities.

“Tokio Marine Asia is a world-renowned leader that Arbor Ventures is proud to add as a strategic partner in building the future of FinTech/InsurTech.

“Arbor Ventures looks forward to building the next generation of transformational InsurTech startups together,” Arbor Ventures managing partner Melissa Guzy said in a statement today.

To accelerate the identification and development of new business models, Tokio Marine Holdings Inc has announced the launch of its corporate venture capital (CVC) fund, Tokio Marine Future Fund, earlier in April 2022, partnering with World Innovation Lab to invest in early-stage startups.

Tokio Marine Asia will identify and invest directly in high-growth potential startups through the CVC fund in addition to partnering with Arbor Ventures and other leading VCs for unique insights and access to promising startups leading the digital transformation in Insurance. 

Arbor Ventures’ addition to Tokio Marine Asia’s group of collaborative VCs significantly heightens its future opportunities.

Arbor Ventures’ global connectivity and portfolio as well as its engagement in local markets will further enable Tokio Marine Asia group’s innovation labs, spread across seven cities, including Singapore, to collaborate broadly with synergy beyond borders.

-- BERNAMA


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