Tokio Marine HCC Software Purchases and Digital Transformation Initiatives

Discover the latest software purchases and digital transformation initiatives being undertaken by Tokio Marine HCC and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 2500 Tokio Marine HCC employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.

During our research, we have identified that Tokio Marine HCC has purchased the following applications: Pega 7 Platform for in 2015 and the related IT decision-makers and key stakeholders.

Our database provides customer insight and contextual information on which enterprise applications and software systems Tokio Marine HCC is running and its propensity to invest more and deepen its relationship with Pegasystems 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 Tokio Marine HCC revenues, which have grown to $2.30 billions in 2019, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for Tokio Marine HCC 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.

About the Customer

Tokio Marine HCC is a leading specialty insurance group conducting business in approximately 180 countries and underwriting more than 100 classes of specialty insurance.

Scope and Challenges

Tokio Marine HCC had an innovative vision that they could replace their complete legacy General Policy Administration Systems and execute the first phase of this plan in less than 12 months. Capgemini supported this vision, and working with the Tokio Marine HCC team, helped enable this business transformation,” said Simon Parker, Vice President Insurance, Capgemini.  “Through this deployment, the insurer was able to realize immediate benefits in reduced time to market and cost savings while leading the London insurance market in innovation.”

Outcome and Implications

Tokio Marine HCC implemented the Pega 7 Platform and the Pega Underwriting for Commercial Lines Insurance application.

The Pega 7 platform is a single unified platform containing elements required to build or modify enterprise applications at significantly faster speeds than conventional software development typically requires.

The Pega Underwriting for Commercial Lines Insurance application uses a lifecycle approach to underwriting allowing insurers to control and expedite the underwriting process across the organization. 

Quotes

“We appreciated Capgemini’s guidance through the whole process of system delivery, initially helping us with the architectural selection process and then system selection and delivery. Our solution is relatively unique with the Pega software delivering the flexibility to handle our diverse underwriting as well as Sequel Business Solution’s underwriting and claims software delivering core policy administration and control. We are now taking the foundation achieved by delivering Phase 1 of the program and using it to deliver four further phases at which point our legacy systems will have been rolled into one common architecture. At this point, we believe that we will be in a relatively unique market position and will be able to scale the platform and react better and faster to market changes,” said Nick Hutton-Penman, Chief Operating Officer, Tokio Marine HCC in London.