Seoul, 6232,
South Korea
Meritz Fire & Marine Insurance Co Technographics
Meritz Fire & Marine Insurance Co Technographics, Software Purchases, AI and Digital Transformation Initiatives
Discover the latest software purchases and digital transformation initiatives being undertaken by Meritz Fire & Marine Insurance Co and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 3000 Meritz Fire & Marine Insurance Co employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.
During our research, we have identified that Meritz Fire & Marine Insurance Co has purchased the following applications: SAP S/4 HANA for ERP Financial in 2019, ReTrust Blockchain Platform for Blockchain Platform in 2024, Oracle MySQL for Database Management, Open-Source Database in 2017 and the related IT decision-makers and key stakeholders.
Our database provides customer insight and contextual information on which enterprise applications and software systems Meritz Fire & Marine Insurance Co is running and its propensity to invest more and deepen its relationship with SAP , RE Trust Co , Oracle or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.
We have been analyzing Meritz Fire & Marine Insurance Co revenues, which have grown to $1.20 billion in 2024, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for Meritz Fire & Marine Insurance Co intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.
Meritz Fire & Marine Insurance Co Tech Stack and Enterprise Applications
Meritz Fire & Marine Insurance Co ERP
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| SAP | Legacy | SAP S/4 HANA | ERP Financial | ERP | n/a | 2019 | 2019 |
In 2019 Meritz Fire & Marine Insurance Co implemented SAP S/4 HANA as the core system for an IFRS17 program that ran from May 2018 through February 2019, aligning the company with updated insurance accounting requirements. The deployment targeted SAP S/4 HANA as an ERP Financial platform to centralize finance and statutory accounting capabilities required for IFRS17 reporting.
The implementation focused on configuring SAP S/4 HANA finance capabilities to capture IFRS17 accounting flows, including contract accounting controls, general ledger configuration for insurance-specific posting rules, and period-end close processes. Workstreams concentrated on chart of accounts alignment, posting logic for premium and claims recognition under IFRS17, and finance-led reporting structures within the SAP S/4 HANA environment.
Operational scope covered core finance and actuarial interactions, embedding new accounting workflows between actuarial valuations and financial close, and supporting statutory reporting across Meritz Fire & Marine Insurance Co in South Korea. Governance was organized around a program timeline tied to the IFRS17 go-live, with cross-functional finance and actuarial oversight, iterative configuration cycles, and defined control points for accounting policy enforcement in SAP S/4 HANA.
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Meritz Fire & Marine Insurance Co Blockchain
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| RE Trust Co | Legacy | ReTrust Blockchain Platform | Blockchain Platform | Blockchain | n/a | 2024 | 2024 |
In 2024, Meritz Fire & Marine Insurance Co implemented the ReTrust Blockchain Platform, a Blockchain Platform from RE Trust Co, to enable open-API travel-insurance distribution and NFT insurance-certificate issuance across South Korea. The ReTrust Blockchain Platform was paired with RE Trust Co.'s InSureTrust offering to instrument API-first distribution channels and tokenized policy artifacts, improving partner onboarding and delivering real-time policy visibility for distribution partners.
Configuration focused on modules for insurance distribution, NFT certificate issuance and claims verification, supporting NFT insurance-certificate issuance and streamlined claims access as functional capabilities. Integrations were implemented as open APIs for travel-insurance distribution and claims access, extending operational visibility to partner channels and impacting distribution and claims business functions. Governance adjustments emphasized API-centric partner onboarding workflows and on-chain certificate lifecycle management to standardize verification and claims routing. The engagement explicitly improved partner onboarding and real-time policy visibility as part of Meritz Fire & Marine Insurance Co's deployment.
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Meritz Fire & Marine Insurance Co IaaS
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Oracle | Legacy | Oracle MySQL | Database Management, Open-Source Database | IaaS | n/a | 2017 | 2017 |
In 2017, Meritz Fire & Marine Insurance Co implemented Oracle MySQL as its Database Management,Open-Source Database to power enterprise groupware across its South Korea operations. The deployment established Oracle MySQL as the central relational store for collaboration services, supporting corporate email, calendaring, and document sharing used by knowledge workers.
The implementation centralized database operations and configuration for the groupware application tier and integrated Oracle MySQL directly with the groupware application stack to provide a consolidated data layer. Operational governance focused on standardized backup, administration, and a single supported database platform for IT teams. The vendor case narrative reports that the move to Oracle MySQL reduced total cost of ownership for the groupware infrastructure.
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Meritz Fire & Marine Insurance Co CyberSecurity
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
|
|
|
|
Secure Sockets Layer (SSL) | CyberSecurity |
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2022 | 2022 |
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IT Decision Makers and Key Stakeholders at Meritz Fire & Marine Insurance Co
| First Name | Last Name | Title | Function | Department | Phone | |
|---|---|---|---|---|---|---|
| IT Manager | Manager | IT | ||||
| Managing Director | Director | Finance | ||||
| Deputy General Manager | Manager | Finance | ||||
| General Manager | Manager | Finance |
Apps Being Evaluated by Meritz Fire & Marine Insurance Co Executives
| Date | Company | Status | Vendor | Product | Category | Market |
|---|---|---|---|---|---|---|
| No data found | ||||||