At the confluence of digital transformation, pandemic-prompted innovation, and the explosion of industry-specific cloud offerings sits SAP Fioneer, a “special partnership” build on SAP’s technology. On the heels of its fifth birthday and the announcement of three new platforms—Finance and ESG, Insurance, and Banking—Bob Evans talked with Toni Tomic, Group Vice President and Global Head of insurance at SAP and Mitch Bouchard, president for the Americas at SAP Fioneer. Tune in for a look inside the rapidly changing insurance industry, its adoption of vertical solutions, AI, and IoT, and much more.
The Big Themes:
- Big announcements at recent flagship event in Amsterdam: Toni and Mitch talk about the new “vertical product strategy” SAP Fioneer unveiled at its Financial Services Forum, including three new platforms for banking and insurance customers.
- Trends in the larger insurance industry: At their recent mega-event, the SAP and SAP Fioneer teams gained a ton of insight into what is top-of-mind for banking and insurance customers in this time of massive change.
- What’s next: With recent technological advances—including the cloud, AI, IoT, 5G, and more—insurance is moving towards a focus on the individual, a shift that has the potential to dramatically change how consumers engage with insurers’ products.
The Big Quote: “We announced our platform strategy from an SAP Fioneer perspective… Over time, what you’re going to see is specific vertical solutions deployed within each one of these three different platforms from us.” – Mitch Bouchard