Tokio Marine invests $5m for a minority share in Igloo, a Singapore-based InsurTech company. This gives Tokio Marine a 1.65% interest in Igloo, which operates in eight South East Asian countries. Igloo has handled over 600 million insurance policies and offers climate-related insurance protection. This investment is expected to aid Igloo’s expansion, particularly in Indonesia.

In 2024, Igloo entered agreements with financial services providers in Vietnam, including Zalopay, Lotte Finance, FE Credit, and OPES. Additionally, Axinan Thailand, part of the Axinan Group that owns Igloo, formed a joint venture in Thailand with JMT Network Services. Tokio Marine previously invested in Indonesian insurtech company PasarPolis in 2025.

Tokio Marine’s investment in Igloo is part of its strategy to realign towards technology-based retail insurance products in Indonesia. Igloo, established in 2016, focuses on embedded insurance solutions using digital platforms. The company has expanded its product range to include climate-related insurance protection for incidents like floods, fires, and severe weather events.

Read more at Yahoo Finance: Tokio Marine takes minority stake in insurtech company Igloo