ADB will use the additional lending capacity to provide more financing to commercial banks and other financial institutions. These institutions can then extend more credit to micro, small, and medium-sized enterprises (MSMEs), including businesses owned by women, as well as lower-income households seeking housing and other essential financing.

The participating insurers are AXA XL, Chubb, Everest, HDI Global, Liberty, Mitsui Sumitomo Insurance, SCOR Business Solutions, Sompo Japan Insurance, The Hartford, Swiss Re Corporate Solutions, Tokio Marine & Nichido Fire Insurance Co. Ltd., and Tokio Marine HCC.

“Joining the program for the first time are Sompo Japan Insurance, Mitsui Sumitomo Insurance, HDI Global, and SCOR Business Solutions. The agreement was signed at a ceremony in Tokyo on July 31 2026, attended by President Kanda together with representatives of Tokio Marine, Sompo Japan Insurance, and Mitsui Sumitomo Insurance,” ADB announced.

While welcoming the agreement, Masahiro Koike, President and Group CEO of Tokio Marine Group, said, “Tokio Marine Group is pleased to deepen its longstanding partnership with ADB through this expanded program. The agreement demonstrates how multilateral development banks and the insurance industry can work together to manage risk responsibly and support sustainable and inclusive growth. We look forward to continuing our collaboration with ADB and the other participating insurers.”

“SOMPO Group is delighted to be expanding its partnership with ADB and supporting its mission to assist developing countries in the region. As SOMPO’s reason for existence is to continuously deliver services beneficial to ‘health, wellbeing and financial protection,’ we are truly honored to be part of this endeavor,” said Mikio Okumura, Group CEO of the SOMPO Group.

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“As a leading insurance group in Asia, we are honored to partner with ADB on this important initiative. By bringing our underwriting expertise, risk capacity and collaboration across MSIG, we are pleased to contribute to sustainable economic development and a more resilient future across Asia and the Pacific,” remarked Shinichiro Funabiki, Representative Director and President and CEO of MS&AD Insurance Group Holdings.

ADB is a leading multilateral development bank supporting sustainable, inclusive, and resilient growth across the Asia-Pacific region. Working with its members and partners to solve complex challenges together, the apex monetary body harnesses innovative financial tools and strategic partnerships to transform lives, build quality infrastructure, and safeguard our planet. Founded in 1966, ADB is owned by 69 members—50 from the Asia-Pacific region alone.