Tokio Marine Asia has introduced a strategic partnership with Arbor Ventures, a number one international Fintech/InsurTech-focused enterprise capital (VC) agency headquartered in Singapore.
The partnership marks Tokio Marine’s dedication to accelerating the digital transformation of the worldwide insurance coverage trade. The union was established by Tokio Marine’s Innovation Lab in Singapore.
In April 2022, Tokio Marine Holdings, Inc. introduced the launch of its company enterprise capital (CVC) fund partnering with World Innovation Lab, Tokio Marine Future Fund, to spend money on early-stage start-ups.
The corporate plans to establish and make investments straight in high-growth potential start-ups by the CVC Fund, along with partnering with Arbor and different main VCs for distinctive insights and entry to promising start-ups main the digital transformation in insurance coverage. Arbor’s addition to Tokio Marine’s group of collaborative VCs considerably heightens its future alternatives.
Arbor’s international connectivity and portfolio in addition to its engagement in native markets will additional allow Tokio Marine group’s innovation labs, unfold throughout seven cities, together with Singapore, to collaborate broadly with synergy past borders.
Masashi Namatame, Group Chief Digital Officer at Tokio Marine Holdings, stated of the partnership, “Arbor’s goal to create the way forward for FinTech resonates with Tokio Marine’s digital technique.
“With Arbor’s community and astute scouting of startups with sturdy potential within the FinTech area, it should enormously complement Tokio Marine’s collaborative efforts to serve modern services within the insurance coverage trade and past.”
Melissa Guzy, Managing Accomplice of Arbor Ventures, commented, “Tokio Marine is a world-renowned chief that Arbor is proud so as to add as a strategic accomplice in constructing the way forward for FinTech / InsurTech. Arbor appears ahead to constructing the subsequent technology of transformational InsurTech start-ups collectively.”
Arbor holds places of work in Singapore, the USA, and Japan in addition to a presence in EMENA.