Tokio Marine invests in Kita to expand carbon market insurance offerings

Specialist carbon insurer Kita has secured a strategic investment from Tokio Marine Group, expanding an existing partnership with Tokio Marine Kiln. This collaboration will focus on developing insurance products for carbon credit buyers against delivery failures and non-performance risks, particularly in Japan. Kita will work with Tokio Marine & Nichido Fire Insurance (TMNF) to create these products and explore providing satellite-based carbon project risk assessments to TMNF’s corporate clients. The companies aim to offer a unified solution across the carbon project lifecycle by integrating Kita's digital risk analytics with Nippon Koei's engineering consulting services.