Tokio Marine takes minority stake in insurtech company Igloo

Tokio Marine's investment is expected to advance Igloo's expansion efforts, especially in Indonesia. There, Tokio Marine is realigning its business towards technology-based retail insurance products, moving away from a sole focus on traditional property and general insurance lines and forming new partnerships with digital-first companies. In September 2025, Tokio Marine was the lead investor in an extension funding round for Indonesian insurtech company PasarPolis, also valued at $5m. In 2024, Igloo entered ...