Here’s Igloo! They’re a Singapore-based insurtech that operates across eight SEA markets. 

• Recently, Japanese insurer Tokio Marine invested $5M in Igloo for a minority stake, according to regulatory filings. 
• The investment gives Tokio Marine a 1.65% stake in Igloo, according to DealStreetAsia.  

Some more detail. According to ACRA filings, Tokio Marine acquired 493,984 shares at $10.12 each. 

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🧊 About Igloo

Igloo works with partners like Shopee, foodpanda, Bukalapak (and more) to embed and distribute their insurance offerings, while also offering insurance products directly to customers. 

They also enable sales intermediaries to sell products to their network through their Ignite platform.

• Besides offering travel, electronics, pet insurance (and more), Igloo also now offers climate resilience insurance. 
• This offers protection against risks such as floods, fires, and extreme weather events.  

Throwback. They raised a $36M Pre-Series C in December 2023!