Investment Overview - Tokio Marine has invested $5 million (¥773.77 million) for a 1.65% minority stake in Singapore-based InsurTech company Igloo by purchasing 493,984 shares at $10.12 each [1] - Other investors in Igloo include Openspace Ventures, Cathay Innovations, Blue Orchard, and FinnFund [1] Company Background - Igloo has been operational since 2016 and has managed over 600 million insurance policies, expanding its offerings to include climate-related insurance for events like floods and severe weather [2] - The company operates in eight countries across Southeast Asia, focusing on embedded insurance solutions through digital platforms [1][2] Strategic Alignment - Tokio Marine is shifting its business strategy towards technology-based retail insurance products, moving away from traditional property and general insurance [3] - The investment is expected to support Igloo's expansion, particularly in Indonesia, where Tokio Marine has previously invested in the insurtech company PasarPolis [2][3] Partnerships and Collaborations - In 2024, Igloo formed partnerships with several financial service providers in Vietnam, including Zalopay, Lotte Finance, FE Credit, and digital insurer OPES [4] - Igloo's owner, Axinan Group, established a joint venture with JMT Network Services in Thailand, marking the creation of the country's "first true digital insurer" [4]

Company Overview - Trinity Capital Inc. has committed $35 million in growth capital to INSHUR, a leader in innovative insurance solutions for the on-demand economy [1] - INSHUR has sold over 1 million policies in the U.K., indicating strong market penetration in one of its core markets [2] - INSHUR provides commercial insurance for on-demand mobility drivers, fleet operators, and delivery platforms, offering a personalized suite of tech-enabled insurance products [2][8] Growth and Expansion - INSHUR has experienced a consistent growth rate of over 50% CAGR since 2023, showcasing rapid international growth and a clear path to profitability [4] - The capital raised will support INSHUR's expansion in the U.S., research into AI technologies for underwriting and real-time pricing, and development of solutions for the autonomous vehicle market [3][4] - INSHUR aims to leverage its deep insurance and technology expertise to further develop its service offerings in innovative areas [4] Strategic Partnerships - INSHUR is recognized as an Uber preferred driver insurance provider in certain European and North American markets, enhancing its credibility and market reach [9] - The company is continuously adding to its list of platform partners, which value INSHUR for its seamless integration capabilities and customer relationship management [9]