Tokio Marine has invested $5m (Y773.77m) for a minority share in Singapore-headquartered InsurTech company Igloo. The Japanese insurer has taken a 1.65% interest in Igloo by purchasing 493,984 shares at $10.12 each. Tokio Marine joins other backers including Openspace Ventures, Cathay Innovations, Blue Orchard and FinnFund. Igloo operates in eight countries across South East Asia and focuses on embedded insurance solutions using digital platforms. Since its establishment in 2016, the company has handl ...

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]