Fujitsu will continue to expand the Japan Edition of SAP Fioneer

The platform is enhanced with Fujitsu's unique developments, including functions, templates, and external data linkage capabilities that address specific Japanese market processes and legal regulations. As a first step, the platform will primarily feature common functions and business processes, such as language settings, along with capabilities specifically for automobile insurance, a high-demand area for both agency-based and online insurance.

Fujitsu will continue to expand the Japan Edition of SAP Fioneer Cloud for Insurance to support various types of insurance, including automobile insurance. This expansion will drive product, channel, and process transformation, as well as strengthen governance within the Japanese insurance industry

Through the provision of financial industry-focused initiatives with Uvance, Fujitsu will help to enhance the operations of financial institutions and advance the realization of a more prosperous society.

1. This platform offers add-on functionalities, including product templates aligned with Japanese insurance structures, standard business processes from quotation to renewal management, legal compliance, and custom applications, including those for grade-based systems and various surcharges/discounts in automobile insurance.

2. Providing additional add-on functionalities like integrated front-end screens for insurance companies and agencies as well as data creation for external linkage.

Improve maintainability

1. Standardized functions required by the Japanese insurance industry to minimize the need for individual customization.

2. Local support in Japan offered by Fujitsu to ensure meticulous service delivery.

The rise of the digitally native generation, in addition to the emergence of fintech, has seen the Japanese insurance industry undergo a transformation. Adapting to the evolving times, Fujitsu, the digital transformation company, has partnered with SAP Fioneer, the financial services software provider.

Customer expectations are becoming more demanding, not just in Japan, but the whole world. To ensure that they are positioned for sustainable success, insurers need to address critical challenges hindering the ability to cater to customer demands. They must accelerate digital transformation to enhance compliance and operational efficiency. In doing so, they will be able to tackle challenges like outdated and opaque legacy systems and a shortage of skilled IT professionals.

Under the new collaboration, Fujitsu and SAP Fioneer will collaborate on product planning, development, and marketing. This also includes the development of the Japan Edition of SAP Fioneer Cloud for Insurance, an end-to-end cloud-based platform that packages core insurance services and combines localised business content with global industry best practices.

Masaru Yagi, corporate executive officer, EVP, vice head of global customer success, Fujitsu Limited comments: “We are excited to start a partnership with SAP Fioneer. The collaboration marks a pivotal moment in our efforts to drive digital transformation (DX) for our financial customers.

“By merging SAP Fioneer’s cutting-edge financial services solutions with Fujitsu’s unparalleled expertise and quality in system development for the financial sector, we are poised to deliver groundbreaking and efficient solutions like never before. Through this partnership, we will closely collaborate with SAP Fioneer from product planning to development and marketing, and advance DX in the financial industry.”

The Japan Edition of SAP Fioneer Cloud for Insurance

With the Japan Edition of SAP Fioneer Cloud for Insurance that Fujitsu plans to provide, customers will be able to standardise core insurance operations and systems. This includes:

By Advik Gupta