Company: Fadata
Founder: Liselotte Munk
Website: https://www.fadata.eu
About Fadata
Fadata is a core software solution provider for the insurance industry, with 30 years of experience. Fadata boasts excellence in the adoption and implementation of agile methodologies which support insurance companies with digital transformation, effortless day-to-day business and achieving long-term goals. With Fadata, insurers can say goodbye to the restraints and burgeoning costs of legacy systems and confidently shift their mindset away from an on-premise core to enjoy cost-effective flexibility, scalability and reactivity.
Fadata’s feature-rich low-code core platform, INSIS, offers insurers a leading comprehensive single solution for digital transformation in the Cloud. Fadata is continuously driving forward its cloud-based service so that insurers can fully appreciate the benefits of zero maintenance, regular updates, and instant access to new features, all without disruption to their business. Fadata focuses on delivering software incrementally and frequently allowing its teams to be highly responsive to customer needs and market changes and to make improvements to the software throughout the development process.
INSIS offers unrivalled flexibility, featuring containerisation, an open environment to provide insurers with choice, multi-tenancy capability, and a ready-made enterprise solution for easy access to technological developments. Fadata is a valued insurance community member and prides itself on its mutual partnerships which benefit its clients through its Ecosystem. Working with A-grade technology leaders, Fadata offers its clients seamless integrations of complementary solutions to enhance their clients’ software, all supported in the Cloud, with minimal fuss, no risk and pre-negotiated terms.
With Fadata as a SaaS for insurers, insurers are able to free up internal resources, have the ability to react to any changes in the market – whether that’s an immediate upsurge in claims or meeting new changeable customer demands over time – and the power to scale by adding new lines of business; Fadata has a unique position as a core insurance platform provider that supports all lines of business. With a single solution, clients are also supported when entering new territories or conducting acquisitions. In fact, multiple instances of business can be rolled out at an impressive rate. At least 80% of a product can be replicated in other environments instantly, while product configuration is streamlined across all entities. It removes the heavy upfront investment in infrastructure, not to mention software license and maintenance, plus insurers can enjoy simplified maintenance and more efficient testing processes. Insurers operating in multiple countries with distinct entities can offer products across borders with varying premiums and taxes.
Fadata’s role transcends that of a conventional vendor; Fadata is a strategic partner intricately involved in a client’s digital transformation journey. Fadata’s own business model is designed to follow the strategic development of its clients. Fadata’s SaaS solutions are designed for longevity and create lasting partnerships which enable Fadata to guide customers and support them to continuously achieve their goals. All largely thanks to the robust, scalable and secure infrastructure with end-to-end support that Fadata has built as the foundation of next-gen insurance.
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