Itochu enters US retail health insurance market via startup investment

Itochu enters US retail health insurance market via startup investment Itochu enters US retail health insurance market via startup investment

TOKYO — Japanese trading house Itochu is entering the business of distributing health insurance products to individuals in the U.S. by investing in a local startup, looking to leverage the know-how it gains there in Asia.

Earlier this month, Itochu invested several billion yen (1 billion yen equals $7 million) in Churchill Innovative Holdings.