Tokio Marine Seguradora
“Can a legacy Japanese multiline insurer scale in Brazil by embedding its policies into every payments platform, retailer, and bank's customer base?”
Tokio Marine Seguradora is the Brazilian subsidiary of the Japanese Tokio Marine Group, one of the oldest and largest insurance conglomerates in the world. Operating in Brazil since 1959, it is a top-10 SUSEP-ranked insurer distributing auto, life, residential, business, agro, and travel insurance through a network of 70+ branches and thousands of brokers. Its embedded-finance angle is affinity distribution: it partners with payments companies, retailers, and banks (Moovpay, PagBank, Bradescard, Asaas, Caixa, Sicoob, Sicredi, Tribanco, etc.) that act as 'estipulantes' selling Tokio Marine-underwritten policies to their own customer bases.