Tokio Marine aids ADB lending by joining $2.75b credit programme

ADB intends to quadruple private sector investment, financing by 2030.

Tokio Marine Holdings has announced that its subsidiaries, Tokio Marine & Nichido Fire Insurance (TMNF) and Tokio Marine HCC (TMHCC), have joined the Asian Development Bank’s (ADB) Master Credit Insurance Policy Programme. 

The initiative aims to support the expansion of private sector infrastructure financing in the Asia-Pacific region’s developing member countries (DMCs).

The Master Policy Programme provides comprehensive credit insurance coverage for ADB’s private sector infrastructure loans and other financing initiatives. 

This includes projects focused on disaster-resilient infrastructure and low-environmental impact transportation systems. 

By transferring part of the credit risk to insurers, ADB can raise its lending capacity beyond current limits.

ADB intends to quadruple private sector investment and financing by 2030 to $13b annually, with a focus on sustainable infrastructure in DMCs. 

The programme involves ten global insurers and provides a total insurance capacity of $2.75b. 

Through this partnership, Tokio Marine Group aims to support efforts to improve infrastructure resilience and promote sustainable growth in the region.