InsureMO and FPT Japan enter into Strategic Partnership
InsureMO has entered into a strategic partnership with FPT Japan, a subsidiary of FPT Corporation. The partners aim to fully support business reforms at domestic insurance companies, leveraging their extensive experience in nearshore development and their high-quality, cost-competitive development system.
InsureMO provides a flexible and scalable middle office platform for the insurance industry. It has already been adopted by approximately 30 companies in Japan, and boasts numerous implementations in the global market. FPT has advanced ICT solutions and a wealth of development experience in the insurance industry.
This partnership will combine FPT's high-quality, cost-effective nearshore development capabilities with InsureMO's advanced functionality to provide fast and flexible solutions to the challenges facing Japanese insurance companies in promoting digital transformation.
Through this collaboration, insurance companies can expect the following benefits:
- Accelerating integration with external systems using APIs
- Improving productivity through business automation
- Step-by-step modernization of legacy systems
- Significant reduction in implementation and operation costs
While the importance of AI and digital technology has increased in recent years in the Japanese insurance industry, the issue of their insufficient utilization has become apparent due to outdated system infrastructure and barriers to collaboration between services. InsureMO serves as a platform that eliminates these barriers, flexibly providing core functions such as various insurance product management, contract procedures, maintenance, and claims via API.
Through this partnership, InsureMO and FPT will make digitalization, which has previously been limited to major insurance companies, a realistic option for more companies, accelerating digital transformation across Japan's insurance industry.
Norbert Gehrke
