corporate venture capital
Japanese insurance heavyweight Tokio Marine has acquired a minority stake in Singaporean InsurTech startup Igloo, investing $5 million as it seeks to fortify its digital presence in Southeast Asia’s high-growth markets. According to filings lodged with Singapore’s Accounting and Corporate Regulatory Authority (ACRA), Tokio Marine acquired 493,984
venture capital
SBI Holdings has taken the role of lead investor in the Series A funding round for Saladin Consulting and Technology, a technology startup based in Vietnam. This investment was executed through the SBI-NTU-Kyobo Digital Innovation Fund, a Singapore-based fund managed by the SBI Group. The funding round also attracted participation
Insurance
InsureMO has entered into a strategic partnership with FPT Japan, a subsidiary of FPT Corporation. The partners aim to fully support business reforms at domestic insurance companies, leveraging their extensive experience in nearshore development and their high-quality, cost-competitive development system. InsureMO provides a flexible and scalable middle office platform for
corporate venture capital
Habit Factory, a Seoul, South Korea-based AI-driven fintech company, has raised KRW 35 billion in Series D funding. The round was led by Z Venture Capital (ZVC) and Smilegate Investment, with participation from Industrial Bank of Korea, IBK Venture Investment, Kolon Investment, KB Investment, and Shinhan Venture Investment. Z Venture
insurtech
Shift Technology, a provider of AI-driven decision automation and optimization solutions for the global insurance industry, has recently delivered generative artificial intelligence (Gen AI) capabilities as part of their Shift Claims Fraud Detection and Shift Claims Intake deployments for Tokio Marine & Nichido Fire Insurance. Shift’s Gen AI-powered visual
artificial intelligence
NTT Data Corporation has concluded a sales agent agreement with Lazarus AI, which provides multimodal LLM products available in closed network environments, particularly to the life insurance industry, and property insurance industry, and is also a participant in Plug and Play Japan's Summer 2025 InsurTech Batch. Starting in
mergers & acquisitions
Mitsui Sumitomo Insurance (MSI), a subsidiary of MS&AD Insurance Group, has decided to acquire shares of Time Machine Underwriters (TMU), a Managing General Agency (MGA) specialized in Representation & Warranty Insurance in Japan. MSI plans to acquire the majority ownership share of TMU on August 1 2025, and
insurtech
Hokan Group, which aims to become an Industry Contributor by integrating technology and solutions, has acquired shares of Frich, making it a subsidiary. This marks Hokan Group's first M&A and is positioned as an important strategic move for future growth. Overview and Background of This Transaction
venture capital
bolttech, the fast-growing global insurtech, announced the addition of Sumitomo Corporation, one of Japan’s largest trading houses, and Iberis Capital, a leading private equity and venture capital manager in Portugal, as strategic investors. Their participation marks the successful close of bolttech’s Series C funding round, with shares acquired
life insurance
LIFENET Insurance Company has released its results for fiscal year 2024 (ending in March 2025), providing a comprehensive overview of its financial performance, strategic initiatives, and future outlook. LIFENET's key achievements in FY2024 include significant growth in annualized premium of policies-in-force, strong insurance service results, and steady growth
impact
AgeWellJapan, which operates the "Motto Mate" grandchild companion service and the multi-generational community space "MOTTOBA!", and was part of Plug and Play Japan's InsurTech Batch No. 10, has secured new funding. This round marks the first investment from the "Region, People, and Future
insurtech
Guidewire announced a $60 million investment over the next five years to expand its operations in Japan and accelerate the delivery of capabilities tailored to the unique needs of Japanese insurers. This investment will enhance Guidewire's platform, empowering Japanese insurers to drive profitable growth, increase business and IT