Itochu becomes second-largest shareholder in Aioi-owned insurtech Moter

What's the deal? Japanese trading house Itochu CorporationDealroom has a profile for this one. Try Dealroom → has increased its stake in US insurtech MOTER TechnologiesDealroom has a profile for this one. Try Dealroom →, becoming the company's second-largest shareholder. The deal value was not disclosed. Moter is owned by Japan's Aioi Nissay Dowa InsuranceDealroom has a profile for this one. Try Dealroom →.

What's the endgame? The move deepens Itochu's bet on non-life insurance, adding to its existing exposure in the sector.

The signal: Japanese trading houses continue to build positions in overseas insurtech, backing data-driven players in the motor and non-life markets.

Read more: insuranceasianews.com

Image credit: Mark Fischer