Tokio Marine Holdings overview

Tokio Marine Holdings is a global insurance group headquartered in Tokyo.

Tokio Marine Holdings is part of the Tokio Marine Group, along with 249 subsidiaries and 22 affiliates located in 483 cities in 38 countries and regions worldwide. It operates in four segments: Domestic Property and Casualty Insurance, Domestic Life Insurance, Overseas Insurance, and Finance and Others. It offers various non-life insurance products, including auto, home, travel and leisure, and personal accident and medical insurance; and life insurance products, such as whole life, cancer, medical, and annuity insurance, as well as international and reinsurance products.

The company also provides investment advisory and investment trust management services; staffing, employment arrangement, and outsourcing services; facility services, including management and operation of real estates and facilities; and real estate investment advisory services. In addition, it is involved in risk consulting, non life insurance agency, financial instruments intermediary, and individual financial consulting services. Further, the company provides services related to life insurance solicitation, medical and health-related services, derivatives services, and various assistance services.

As Japan's largest insurer, Tokio Marine holds around $204bn in total assets and close to $34bn in market capitalisation. It has around 650 employees.

In 2018 the company made a strategic investment into Simplesurance, giving Tokio Marine access to its platform offering insurance at the time of purchase on e-commerce sites and apps.

In early 2019 Tokio Marine joined the SOSA Innovation Hub. The company stated it was looking to make strategic investments in AI, Insurtech, Fintech and cybersecurity.

Tokio Marine Holdings partnered with the Harel Group in July 2019 to find innovative technology companies based in Israel. In return for providing Tokio Marine with access to these companies, the Harel Group will have access to Tokio Marine's technology infrastructure.

In August 2019 Tokio Marine Holdings partnered with Plug and Play's Insurtech program in Singapore. The group had already partnered with Plug and Play in Silicon Valley in 2017.

In February 2020 Tokio Marine licensed US auto insurer Metromile's claims technology. The digital FNoL Report product has been deployed, enabling drivers to report incidents online and on a mobile app.

Tokio Marine partnered with Tractable, which uses AI to assess damage to vehicles in near-real-time, in April 2020 to accelerate its claims processing at one of its claims service centres. The two companies first started working together in 2018, conducting several trials.

The following month, in May 2020, it was revealed that Tokio Marine was a Strategic Limited Partner in Eos Venture Partners Strategic InsurTech Fund. Total funds under management are $85m. The fund invests in leading insurtechs from across the globe, and encourages engagement between incumbents and emerging technology providers.

In September 2020, Tokio Marine Indonesia partnered with Shift Technology to access their auto insurance AI fraud and claims services.

The following month Tokio Marine announced it was to take part in the reinsurance program of Lemonade, as the beginning of a new strategic partnership with the US insurtech. The two will collaborate on technologies and design that deliver 'superior CX and UI', use of third party data for underwriting, and prompt claims payments.

In June 2021 Tokio Marine partnered with Robust Intelligence to jointly research and develop new data-driven risk solutions and products, particularly focused on the cyber security market. The new business alliance will seek to popularise and accelerate AI security efforts, as well as develop new insurance products and services.

In August 2021 Tokio Marine announced a partnership with cyber risk analytics specialist CyberCube. Through the agreement, Tokio Marine has gained access to a number of CyberCube's products including Account Manager, Portfolio Manager and other cyber modelling solutions.

Tokio Marine was a participant in the 2022 InsurTech NY InsurTech Accelerator and involved with the MGA Lab.

In October 2022, Tokio Marine Holdings announced that it had entered into a capital and business alliance with bolttech. The two will explore the global expansion of embedded insurance and innovative insurance binding processes.

In November 2022, Tokio Marine Holdings increased its shareholding in PT Asuransi Tokio Marine Indonesia from 60% to 80% through its wholly owned subsidiary, Tokio Marine Asia.

In April 2023 Tokio Marine Holdings entered a capital and business alliance with a Japan-based space company, Axelspace Holdings, to explore the creation of new insurance products and services for the space market with Tokio Marine & Nichido Fire Insurance.

In July 2023 Tokio Marine partnered with Sønr Global to introduce its Global Digital Market Intelligent Platform to support operations related to collaboration with external companies group-wide. Previously Tokio Marine did not have an information sharing system, which meant Tokio Marine's group companies worldwide conducted searches for potential business partners independently. The new system brings about corporate search and horizontal development of collaboration.

In August 2023 Tokio Marine Holdings revealed it was looking to sell its operations in SE Asia for around $1bn, to boost profitability through restructuring.

In February 2024 Tokio Marine Holdings completed the sale of its stake in Arabian Shield Cooperative Insurance Company, a life and non-life insurance company in Saudi Arabia, to Alinma Bank. 

Map showing the location of Tokio Marine Holdings

Tokyo, Japan

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Key people

Tsuyoshi Nagano Chairman of the Board
Makoto Okada Group Chief Digital Officer
Satoru Komiya Group CEO & President