FPT signs strategic cooperation with Peak3, expanding Southeast Asian insurance market

In the context of digital transformation reshaping the global insurance industry, FPT and Peak3 – The world’s leading insurance technology group, have recently officially signed a strategic cooperation agreement. The event marks an important step forward in building a new generation insurance technology ecosystem in Vietnam and Southeast Asia.

The cooperation between FPT and Peak3 focuses on three main pillars: establishing a specialized team at FPT to deploy and support Peak3’s advanced core insurance system, helping to optimize processes and improve service quality; expanding business operations in Southeast Asia, exploiting the region’s strong development potential; at the same time, developing and exchanging high-quality human resources to improve the capacity to deploy and operate advanced technology solutions.

Peak3 delegation visited and worked at FPT Tower

Accordingly, FPT will closely collaborate with Peak3 to deploy a core cloud-based insurance platform tailored to meet the demands of the domestic market. The two sides will jointly expand and develop their customer network in Southeast Asia – a region with high growth potential in the insurance sector – while also focusing on workforce training to enhance the expertise and execution capabilities of FPT’s technology engineers.

With strengths in core systems, distribution, data analytics, and artificial intelligence, Peak3 empowers insurance companies to innovate rapidly and optimize operational efficiency. Its flexible modular design allows the cloud-based insurance platform to enable businesses to deliver services quickly, accurately, and with an optimized customer experience.

Mr. Bill Song, CEO of Peak3, shared: “We highly value this strategic partnership with FPT. Our joint expansion into Southeast Asia and beyond is not only a strategic decision but also a long-term vision that will shape the future of both companies. Together, we will deliver customer-centric solutions and seize new opportunities to achieve success and sustainable growth.”

Peak3 visited and worked with FPT last February.

In February, the Peak3 leadership delegation visited and worked at FPT Tower. Welcoming and working with the delegation were Mr. Chu Khanh Hoa – EVP & Director of Global Sector FPT IS, FPT Corporation, and leading experts of FPT. The meeting affirmed the commitment to long-term cooperation between the two sides, while opening up many development opportunities in the field of insurance technology.

This cooperation further enhances FPT’s capabilities and opportunities in the insurance industry, reinforcing the company’s position as a provider of advanced technology solutions. With extensive experience in implementing large-scale projects for leading corporations in Vietnam and globally, FPT is committed to delivering high-quality solutions, ensuring effective implementation, and enabling clients to access modern, secure, and optimized insurance technologies.