Fujitsu and SAP Fioneer, a joint venture between SAP and entrepreneurial investor Dediq to become a provider of financial services software solutions and platforms, have signed a partnership to accelerate the digital transformation of Japan’s insurance industry.
Under the agreement, Fujitsu and SAP Fioneer will collaborate on product planning, development, and marketing, including the development of the Japan Edition of SAP Fioneer Cloud for Insurance.
In addition, by developing this edition as the de facto standard for business collaboration in the insurance industry in Japan, Fujitsu, and SAP Fioneer aim to drive innovation in products, channels, and processes, as well as strengthen governance across the sector.
With the Japan Edition of SAP Fioneer Cloud for Insurance that Fujitsu plans to provide, customers will be able to quickly standardize core insurance operations and systems such as product management, quotation and underwriting management, policy management, and claim management.
Customers will also gain a competitive advantage by strategically allocating resources, such as personnel and investments, to high value-added areas, such as new product development and sales channel expansion, while ensuring robust IT capabilities and continuous quality improvements.
Based on this partnership agreement, Fujitsu will conduct proof-of-concept projects with customers to validate the feasibility of the Japan Edition of SAP Fioneer Cloud for Insurance and aims to start offering the service by the end of March 2026.
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.”
Chirag Shah, Managing Director of Insurance, SAP Fioneer, said, “Japan’s insurance market requires solutions that address its unique local regulatory and functional requirements. In response to the industry’s demand for an adaptable packaged software suited to the Japanese insurance sector, we are partnering with Fujitsu to develop the Japan Edition of SAP Fioneer Cloud for Insurance, our core insurance platform, which combines localized business content with global industry best practices.”
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