Dai-ichi Life invests $90.34m in UK insurtech firm

It plans to use this investment to enhance its existing business.

Dai-ichi Life Holdings Inc. has invested $90.34m in UK insurtech firm YuLife Holdings Limited a group life insurance company.

The acquisition was made through Dai-ichi Life International Holdings LLC, its intermediate holding company. 

Dai-ichi Life plans to use this investment to make further efforts to enhance the existing businesses of the group including the development of new life insurance products and services that leverage YuLife's strengths.  

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This is also part of Dai-ichi Life’s exploring’ efforts. It intends to utilize YuLife's advanced business model and know-how to enhance its understanding of group insurance business in the health and medical field both within the group companies in Japan as well as overseas, benefitting from knowledge sharing through company secondments, and other measures associated with this investment. 

YuLife is a UK-based insurtech company, providing group insurance business, focussing on digital technology, and employee well-being. YuLife provides group insurance products and services.