UK carbon insurer Kita secures strategic investment from Japan's Tokio Marine Group, expanding partnership to develop carbon credit insurance and risk assessment
UK-based carbon insurance company Kita has received an undisclosed strategic investment from Japan's Tokio Marine Group, specifically through Tokio Marine & Nichido Fire Insurance Co (TMNF). The expanded collaboration will focus on developing insurance products to protect carbon credit buyers against transaction risks, such as non-delivery of prepaid credits, and offering carbon project risk assessment services using satellite-based analytics. This deepens an existing relationship and aims to support the growth and integrity of global carbon markets.
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