Kawasaki, Japan – Fujitsu, an IT services and consulting firm, has announced that it has recently entered into a strategic partnership with software company SAP Fioneer designed to drive digital transformation in the insurance sector of Japan.
As part of the collaboration, the two companies will work closely on product planning, development, and marketing. This move encompasses 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.
Moreover, the addition of the Japan Edition of SAP Fioneer Cloud for Insurance allows Fujitsu to offer customers the tools needed to swiftly standardise essential insurance functions, covering areas such as product management, quotation and underwriting, policy management, and claims handling.
Beyond these benefits, they 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. This includes ensuring robust IT capabilities and continuous quality improvements.
Additionally, both companies are also collaborating together to establish the edition as the de facto standard for business collaboration in the insurance industry in Japan. This strategy is aimed at driving innovation in products, channels, and processes and strengthening governance across the sector.
Through this partnership, Fujitsu will undertake proof-of-concept projects with customers to evaluate the Japan Edition of SAP Fioneer Cloud for Insurance, with plans to roll out the service by March 2026.
Masaru Yagi, corporate executive officer, EVP, vice head of global customer success at Fujitsu Limited, remarked, “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,” added Yagi.
Chirag Shah, managing director for insurance at SAP Fioneer, further shared, “Japan’s insurance market requires solutions that address its unique local regulatory and functional requirements.”
“In response to the industry’s demand for 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 localised business content with global industry best practices,” emphasised Shah.
