Tokio Marine takes minority stake in insurtech company Igloo

Tokio Marine has invested $5m (Y773.77m) for a number stock successful Singapore-headquartered InsurTech institution Igloo.

The Japanese insurer has taken a 1.65% involvement successful Igloo by purchasing 493,984 shares astatine $10.12 each.

Tokio Marine joins different backers including Openspace Ventures, Cathay Innovations, Blue Orchard and FinnFund.

Igloo operates successful 8 countries crossed South East Asia and focuses connected embedded security solutions utilizing integer platforms.

Since its constitution successful 2016, the institution has handled much than 600 cardinal security policies and extended its merchandise scope to see climate-related security extortion for incidents specified arsenic floods, fires and terrible upwind events.

Tokio Marine’s concern is expected to beforehand Igloo’s enlargement efforts, particularly successful Indonesia.

There, Tokio Marine is realigning its concern towards technology-based retail security products, moving distant from a sole absorption connected accepted spot and wide security lines and forming caller partnerships with digital-first companies.

In September 2025, Tokio Marine was the pb capitalist successful an hold backing circular for Indonesian insurtech institution PasarPolis, besides valued astatine $5m.

In 2024, Igloo entered agreements with respective fiscal services providers successful Vietnam.

These see integer wallet institution Zalopay, user concern businesses Lotte Finance and FE Credit, arsenic good arsenic integer insurer OPES.

Meanwhile, past year, Axinan Thailand, portion of the Igloo-owner Axinan Group, and JMT Network Services formed a associated task successful Thailand.

At the time, Igloo said that the determination marks the instauration of Thailand’s “first existent integer insurer”.

"Tokio Marine takes number involvement successful insurtech institution Igloo" was primitively created and published by Life Insurance International, a GlobalData owned brand.

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