The insurance provider's Future Fund will be run by venture firm World Innovation Lab’s US-based team to identify and support early-stage entrepreneurs.
Japan-headquartered insurer Tokio Marine Holdings formed a US-based ¥5bn ($42m) corporate venturing vehicle called Tokio Marine Future Fund on Tuesday.
Founded in 1879, Tokio Marine Group provides non-life property and casualty, financial, general and life insurance services through 245 subsidiaries and 32 affiliates spanning 483 cities across 38 markets.
Tokio Marine Future Fund will target early-stage companies developing technologies that use artificial intelligence in disaster prevention, in the insurance, financial, mobility, healthcare, cybersecurity, automation and climate sectors.
The fund will…
