Tokio Marine signs with Plug and Play in Singapore

August 20 2019 by InsuranceAsia News Staff

Tokio Marine Holdings has formed a partnership with Plug and Play’s insurtech program in Singapore.

The Japanese player will benefit access to Plug and Play’s network and the opportunity to work with start-ups from the Asia Pacific region for testing and implementation across its offices in South EastAsia.

Hidemi Harada, vice president and head of digital strategy of Tokio Marine Asia, commented: “In Asia, we look forward to working with Plug and Play to accelerate and fast track our development with practical digital initiatives for the markets in the region and advance our innovative insurance business models for the whole group. We also look forward on leveraging Plug and Play’s network for cross-industry engagement in IoT, mobility, healthcare and smart cities.”

Last August, Plug and Play launched its insurtech program in Singapore and has accelerated 49 start-ups to date. Partners to the program have the chance to dictate the focus of each batch, giving them the ability to target specific pain points in their business and search for different solutions.

Tokio Marine first established a partnership with Plug and Play in Silicon Valley in December 2017.

 

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