Warsaw/Tokyo, 24. October 2018: Sollers Consulting has founded a subsidiary in Tokyo. The consultancy currently supports a big international insurance group in digitizing its Japanese business. Sollers Consulting will expand its activities in Japan as the insurance market has started to respond to the challenges of digitization.
Sollers Consulting is expanding its activities to Japan. The business and IT consultancy has opened an office in Tokyo (Chiyoda-ku district). Currently Sollers Consulting is supporting insurers in Great Britain, Germany, Denmark, Poland, Brazil, the US and many other countries. Insurers in Japan are intensifying their digitization efforts to progress in efficiency and to respond to changing clients behavior. Specializing in implementing services and digitised solutions, Sollers Consulting sees a lot of opportunities on the Japanese market.
– In many countries we are well recognised through our ability to deliver high quality services to the insurance industry. It is our goal to bring agility and international experience to the Japanese market comments Grzegorz Ukleja, manager at Sollers Consulting, responsible for Japanese activities.
Japan is the third largest insurance market of the world and has a total premium of around US-$472 bn. As premium income is under pressure Japanese insurers are expanding their business internationally. To prepare for new markets, they are looking for modern and flexible IT infrastructure. International insurers doing business in Japan seek to modernise their infrastructure as well.
I am grateful for our customers trust that allows us to build our business. Many Japanese insurers are looking for new solutions for their business. I look forward to serving more insurers with our expertise – comments Michal Trochimczuk, managing partner at Sollers Consulting.
Sollers Consulting has 18 years of experience in implementing services in the insurance industry, partnering with Guidewire, TIA Technology, Fadata, Microsoft, Oracle and many others. The consultancy is focusing on agile project management, combining business know-how and expertise in technology.
Insurance companies in Japan still have very many paper-based operations. They are looking for the latest digital technologies to improve productivity and business efficiency – comments Trochimczuk.
Currently, less than ten percent of insurance business in Japan is sold via digital channels. The market share of aggregators is less than four percent, but it is increasing.
Insurers in Japan want to respond to changing customer behaviour and look for ways to market their products to digital natives. Creating digital customer contact points is one of the major goals of insurance companies says Ukleja.