Launch of Tokio Marine GX to Further Promote Green Transformation
Tokio Marine Holdings has launched "Tokio Marine GX," a new international offering founded upon GCube, a global leader in underwriting and risk management for renewable energy. This offering aims to further promote Tokio Marine's efforts to support the achievement of carbon neutrality and the transition to a decarbonized society. GCube is a managing general agency (MGA), acquired through Tokio Marine's U.S. subsidiary HCC Insurance Holdings in 2020.
Tokio Marine Group’s Initiatives to Support Green Transformation (GX)
Tokio Marine Group is currently seeing significant global capital investments directed at carbon neutrality and the transition to a decarbonized society: a trend it expects to accelerate, including in GX-related insurance.
Tokio Marine Group aims to contribute to social development and the growth of various industries by developing and providing insurance solutions and risk consulting, as well as supporting its customers and society in the transition toward carbon neutrality.
Tokio Marine Group's lineup of products and services related to GX is continuously expanding, and will leverage the expertise of GCube to accelerate global offerings in the green transition space through the launch of Tokio Marine GX, enabling Tokio Marine Group to share and deploy its expertise and underwriting resources more effectively.
Launch of Tokio Marine GX
Tokio Marine Group will continue to work collectively on the research and development of insurance products and risk consulting services to address the risks associated with new technologies in energy transition and related fields.
Specifically, Tokio Marine Group will expand its lineup of insurance products and services, address new risks related to GX, and leverage the Group's strong financial base to enhance its offering of underwriting capacity.
Through these efforts, Tokio Marine Group will be able to address a wider range of risks while also enhancing Group synergy. By deploying Tokio Marine GX, Tokio Marine Group aims to establish itself as the leading player in the field of GX. Going forward, it will continue to enable and accelerate our customers' GX initiatives in response to climate change through insurance products and risk management.
