InsurTech Digital Magazine September 2024 | Page 25

FADATA PRODUCTS AND SERVICES
INSIS PLATFORM : Fadata offers the INSIS platform , a cloud-ready solution that automates and optimises insurance business processes . It supports all major lines of business , including general insurance , health and life and pensions insurance​ .
GLOBAL PRESENCE : Fadata is headquartered in Munich , Germany and has major software development and operations centres in Sofia and Burgas , Bulgaria . The company has a significant implementation footprint in over 30 countries​ .
COMPREHENSIVE ECOSYSTEM : Fadata provides a powerful ecosystem with pre-built enterprise solutions that enhance operational efficiency and reduce costs . This ecosystem includes advanced microservice architecture and integration mechanisms , allowing seamless interoperability with other systems​ .
STRATEGIC PARTNERSHIPS : Fadata has formed strategic partnerships to enhance its offerings . For example , the company has partnered with Newgen to integrate OmniDocs , a comprehensive content management platform , into its ecosystem , providing insurers with advanced document management capabilities​ .
INDUSTRY RECOGNITION : Fadata has received several industry accolades , including being named a leader in the Gartner Magic Quadrant for Life Insurance PAS , Europe , and achieving high rankings in the Celent Technical Capabilities Matrix for various insurance categories .
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