Tokio Marine launches new partnership with MaaS Tech Japan

This expands their original business alliance agreement in June 2020.

Tokio Marine & Nichido Fire Insurance Co., Ltd. and MaaS Tech Japan, Inc. has entered into a new capital and business alliance agreement to research new Mobility-as-a-Service (MaaS) related services and insurance products.

According to a press release, Tokio Marine Group and MaaS Tech Japan will jointly participate in various MaaS projects together with local governments, transportation companies and other entities, to work research new MaaS related services and insurance products, which contribute towards creating an optimized transportation network along with providing safety and security to those who use it. 

Mobility-as-a-Service or MaaS integrates various forms of transportation services such as cars, motorcycles, taxis, buses, railroads, and airlines into a unified mobility service, which is a key national strategy both in terms of securing and improving the transportation system and also to help support the revitalization of rural areas. 

The key initiatives will be to build partnerships and collaborations with various MaaS related companies, develop new MaaS services by utilising data held by Tokio Marine Group and researching new insurance products in the MaaS domain.

Tokio Marine and MaaS Tech Japan have been in business together since June 2020.