HANOI, Vietnam--(BUSINESS WIRE)--Mar 30, 2026--
Global IT services provider FPT has been named a winner of the AI & Machine Learning Innovation Award at the 2026 InsurInnovator Connect (IIC) Asia Awards for iSuite, its AI-native digital insurance platform. The award honors organizations and solutions that drive innovation and shape the future of insurance across Asia, recognizing initiatives that deliver measurable impact and elevate industry standards.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260330197417/en/
The accolade highlights iSuite’s role in transforming insurance operations through embedded intelligence. Built as an AI-powered platform, iSuite automates the full insurance lifecycle from customer onboarding to underwriting and claims, while unifying data across customers, agents, and partners. By embedding AI across core functions, it enables insurers to transition from manual, fragmented processes to a unified, data-driven operating model. In production, iSuite has reduced low-risk claims processing from days to minutes, increased straight-through processing rates to over 70%, and improved fraud detection speed by approximately 50%.
Organized in conjunction with the annual InsurInnovator Connect Asia conference, the IIC Asia Awards bring together industry leaders, innovators, and decision-makers across the insurance ecosystem. The program highlights forward-looking technologies and transformative business models redefining how insurers operate in an increasingly digital and customer-centric landscape, and is widely regarded as a benchmark of excellence in the regional insurance industry.
“The insurance industry is undergoing a fundamental shift from process-driven operations to intelligence-driven models,” said Truong Hoang Phuc, FPT Software Vice President and Director of Global Insurance and Finance, FPT Corporation. “Our AI-first approach embeds intelligence into core workflows such as underwriting and claims, transforming how decisions are made across the enterprise and beyond.”
With over two decades of experience in the insurance sector, FPT supports over 200 clients worldwide through a dedicated team of more than 3,000 specialists. The company’s workforce is backed by over 500 insurance-related certifications, reflecting deep domain expertise and a continued commitment to delivering high-quality, innovative solutions.
About FPT Corporation
FPT Corporation (FPT) is a globally leading technology and IT services provider headquartered in Vietnam and operates in three core sectors: Technology, Telecommunications, and Education. Over more than three decades, FPT has consistently delivered impactful solutions to millions of individuals and tens of thousands of organizations worldwide. As an AI-first company, FPT is committed to elevating Vietnam’s position on the global tech map and delivering world-class AI-enabled solutions for global enterprises. FPT focuses on three critical transformations: Digital Transformation, Intelligence Transformation, and Green Transformation. In 2025, FPT reported a total revenue of USD 2.66 billion and a workforce of over 54,000 employees across its core businesses.
For more information about FPT's global IT services, please visit https://fptsoftware.com.
FPT representatives at the 2026 InsurInnovator Connect Asia Awards
TOKYO (AP) — Asian shares mostly dipped Monday, as worries continued about soaring oil prices and the potential for further escalation in the U.S. war with Iran.
The drops in Asia follow the deep declines on Wall Street last Friday that finished off a fifth straight losing week, its longest such streak in nearly four years.
Japan's benchmark Nikkei 225 slipped 2.8% to finish at 51,885.85. Australia's S&P/ASX 200 lost 0.7% to 8,461.00. South Korea's Kospi dove 3.3% to 5,258.02. Hong Kong's Hang Seng lost 0.7% to 24,775.65, while the Shanghai Composite reversed course in the afternoon to be up 0.2% at 3,920.90.
Worries have been great in Japan and the rest of Asia about the effective lack of access to the Strait of Hormuz because of the war in Iran, as the region relies greatly on such access for oil shipments.
In energy trading, benchmark U.S. crude jumped $1.07 to $100.71 a barrel. Brent crude, the international standard, soared $2.49 to $115.06 a barrel. Before the war, Brent had been priced at about $70 to a barrel.
Investors are now bracing for the war to last for some time, which would likely set off inflation in global markets, and eventually may stunt Asia's economic growth.
“Although we do not expect the conflict to be protracted, we anticipate heightened volatility in the near term,” said Xavier Lee, senior equity analyst at Morningstar Research.
Oil prices are again climbing after momentarily easing when President Donald Trump extended a self-imposed deadline to “obliterate” Iran’s power plants to April 6.
On Wall Street, the S&P 500 fell 1.7% to close its worst week since the war with Iran began. The Dow Jones Industrial Average lost 793 points, or 1.7%, and fell more than 10% from its record set last month, while the Nasdaq composite sank 2.1%.
The S&P 500 is 8.7% below its all-time high set in January. Big Tech stocks were among the heaviest weights on the market, including Amazon and Nvidia.
All told, the S&P 500 fell 108.31 points to 6,368.85 last Friday. The Dow Jones Industrial Average dropped 793.47 to 45,166.64, and the Nasdaq composite sank 459.72 to 20,948.36.
In the bond market, the yield for the 10-year Treasury rose as high as 4.48% before pulling back to end last week at 4.43%. That’s up from 4.42% late Thursday and from just 3.97% before the war began.
Alarm has been resounding in Japan about the declining value of the yen. In currency trading, the U.S. dollar inched down to 159.73 Japanese yen from 160.32 yen. The euro cost $1.1513, up from $1.1510.
“In addition to the crude oil futures market, speculative activity is also said to be increasing in the foreign exchange market," Vice Finance Minister Atsushi Mimura said.
“As we have already stated, we will respond on all fronts, and our focus is spread in all directions,” he told reporters, without giving specifics on the possible action.
AP journalist Ayaka McGill contributed to this report.
Yuri Kageyama is on Threads: https://www.threads.com/@yurikageyama
Workers walk in an area at a degassing station in Zubair oil field, whose operations have being reduced due to the Mideast war triggered by the U.S. and Israeli attacks on Iran, near Basra, Iraq, Saturday, March 28, 2026. (AP Photo/Leo Correa)
A person walks by an electronic stock board showing Japan's Nikkei index in Tokyo Monday, March 30, 2026. (Yusuke Hashizume/Kyodo News via AP)
A dealer walks near the screens showing the Korea Composite Stock Price Index (KOSPI), the foreign exchange rate between U.S. dollar and South Korean won and the Korean Securities Dealers Automated Quotations (KOSDAQ) at a dealing room of Hana Bank in Seoul, South Korea, Monday, March 30, 2026. (AP Photo/Lee Jin-man)
Dealers work near the screens showing the foreign exchange rates at a dealing room of Hana Bank in Seoul, South Korea, Monday, March 30, 2026. (AP Photo/Lee Jin-man)
Dealers work near the screens showing the Korea Composite Stock Price Index (KOSPI), right, and the foreign exchange rate between U.S. dollar and South Korean won at a dealing room of Hana Bank in Seoul, South Korea, Monday, March 30, 2026. (AP Photo/Lee Jin-man)
