Tokio Marine Holdings
Tokio Marine Holdings, Inc. is Japan's oldest insurance company, founded in 1879, and it provides a comprehensive range of life and non-life insurance services both domestically and internationally. The company operates through four main segments: Domestic Property and Casualty Insurance, Domestic Life Insurance, Overseas Insurance, and Finance and Others. Tokio Marine offers a variety of non-life insurance products, including auto, home, travel, and personal accident insurance, alongside life insurance options such as whole life, cancer, and annuity insurance. It has a significant presence in the overseas market, particularly in the United States, where it has expanded through acquisitions of specialty insurers. In addition to its insurance services, Tokio Marine engages in investment advisory, staffing, and facility management services, as well as risk consulting and financial planning. As a result of its extensive operations and strategic acquisitions, Tokio Marine remains a leading player in the global insurance market.
Past deals in Motor Insurance
bolttech
Series B in 2022
Bolttech is an international InsurTech company specializing in AI-driven point-of-sale insurance solutions. Its platform offers a wide range of insurance products including device protection, travel, motor, property, life, and digital insurance to consumers worldwide, with a significant presence in Asia. Bolttech's technology enables seamless connections between insurers, distributors, and customers, facilitating efficient buying and selling of insurance products.
Hollard Insurance
Corporate Round in 2018
Hollard Insurance is an insurance company based in Johannesburg, South Africa, established in 1980. It offers a diverse range of insurance products, including personal insurance such as life, funeral, car, household, and homeowner's insurance. In addition to these traditional offerings, Hollard provides niche personal insurance solutions and innovative business insurance products. The company operates through two main divisions: the Hollard Insurance Company and Hollard Life Assurance Company. The executive team manages the company's assets, ensuring a focus on delivering dynamic and tailored insurance solutions to meet the needs of its clients.
Metromile
Series E in 2018
Metromile, Inc. is a digital insurance platform based in San Francisco, California, specializing in pay-per-mile car insurance. The company provides real-time, personalized auto insurance policies that cater to the needs of modern drivers, utilizing data science to offer pricing that reflects actual mileage rather than traditional estimates. Metromile's services include the Metromile Pulse, a wireless device that connects to the car's onboard diagnostics port to track mileage, location, and driving behavior. This data collection supports the company's automated claims process and complimentary smart driving features, resulting in average savings of 47% compared to previous insurance costs. Additionally, Metromile licenses its technology platform to insurance companies globally, enabling them to enhance operational efficiency, automate claims, and reduce fraud losses. Originally founded as Fair Auto, Inc. in 2011, the company rebranded to Metromile in 2012.
Asuransi Parolamas
Acquisition in 2018
Pt. Asuransi Parolamas is a general insurance company based in Jakarta, Indonesia, that has been operating since 1964. The company offers a range of non-life insurance services, including auto insurance, property insurance, commercial insurance, personal accident coverage, engineering insurance, fire insurance, and marine insurance. With over five decades of experience, Asuransi Parolamas caters to both businesses and individuals, providing essential insurance protection. As of April 2015, it operates as a subsidiary of Insurance Australia Group Limited, which positions it within a leading network of insurers in the Asia Pacific region.
Safety Insurance
Acquisition in 2018
Safety Insurance is a provider of non-life insurance services, specializing primarily in motor insurance while also offering fire, marine, and other general insurance products. The company distributes its insurance offerings through a network of agents and brokers, as well as directly to customers. Safety Insurance aims to enhance customer experience with convenient services, including a mobile application that simplifies the insurance process and facilitates claim payments.
HCC INSURANCE HOLDINGS
Acquisition in 2015
HCC Insurance Holdings, Inc. is a leading specialty insurer with offices in the United States, the United Kingdom, Spain and Ireland, transacting business in approximately 180 countries and underwriting more than 100 classes of specialty insurance. HCC products and capabilities set the standard for the industry, and many of the Company’s almost 2,500 employees are industry-leading experts. HCC has achieved an outstanding record of growth and profitability, since its founding in 1974, through creative but careful underwriting, strong risk management practices, opportunistic expansion of existing lines of business and targeted acquisitions. HCC is well capitalized and positioned to continue its success.
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