Societe Generale
Societe Generale
Russia

Generali
Generali
Poland

Groupama Jivotozastrahovane
Groupama Jivotozastrahovane
Sofia, Bulgaria

Prudential
Prudential
Poland

Globality Health
Globality Health
Luxemburg

Asirom
Asirom
Bucharest, Romania

QBE Hungary
QBE Hungary
Budapest, Hungary

Proama
Proama
Warsaw, Poland

https://www.proama.pl/
La Positive Seguros
La Positive Seguros


Frende Forsikring
Frende Forsikring


Emose
Emose
Mosambique

http://www.emose.co.mz
A Mundial Seguros
A Mundial Seguros
Luanda, Angola

AlfaStrakhovanie Zhizn LLC
AlfaStrakhovanie Zhizn LLC
Moscow, Russia

Dunav Insurance
Dunav Insurance
Belgrade, Serbia

Centras Insurance
Centras Insurance
Almaty, Kazakhstan

T’azur
T’azur
Bahrain

www.tazur.com
BTA Insurance
BTA Insurance
Almaty, Kazakhstan

www.btainsurance.kz
Bulgarski Imoti
Bulgarski Imoti
Sofia, Bulgaria

www.bulgarskiimoti.bg
Takaful Emerat
Takaful Emerat
Dubai, UAE

www.takafulemarat.com
Oman Insurance Company
Oman Insurance Company
Dubai, UAE

www.tameen.ae
Lev Ins AD Insurance Company
Lev Ins AD Insurance Company
Sofia, Bulgaria

www.lev-ins.com
PROVIDNA
PROVIDNA
Kiev, Ukraine

www.providna.ua
ASKA
ASKA
Donetsk, Ukraine

www.aska.com.ua
Russian Standard Insurance
Russian Standard Insurance
Moscow, Russia

www.rslife.ru
Oranta National Joint Stock Insurance Company
Oranta National Joint Stock Insurance Company
Kiev, Ukraine

www.oranta.ua
DZI
DZI
Sofia, Bulgaria

www.dzi.bg
ADNIC
ADNIC
Abu Dhabi, UAE

www.adnic.ae
Kazkommerts-Life
Kazkommerts-Life
Almaty, Kazakhstan

Bulstrad PLC /TBI Group Bulgaria
Bulstrad PLC /TBI Group Bulgaria
Sofia, Bulgaria

www.bulstrad.bg
Bulgarian National Statistic Institute
Bulgarian National Statistic Institute
Sofia, Bulgaria

www.nsi.bg
Armeec
Armeec
Sofia, Bulgaria

www.armeec.bg
Bulstrad Vienna Insurance Group
Bulstrad Vienna Insurance Group
Sofia, Bulgaria

www.bulstrad.bg
Ethiopian Insurance Company (EIC)
Ethiopian Insurance Company (EIC)
Addis Ababa, Ethiopia

www.eic.com.et
Omniasig
Omniasig
Bucharest, Romania

www.axa-asigurari.ro
MBASK
MBASK
Baku, Azerbaijan

www.axambask.az

Providna IC Company, Ukraine

Overview After thorough check of software in a testing period, operation of the INSIS Software started in IC Providna on September 1 2008. Implementation of the software for the general insurance in IC Providna was a result of the long-term agreement concluded by the companies for implementation of the principle insurance information system with possible extension hereof …
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Overview

After thorough check of software in a testing period, operation of the INSIS Software started in IC Providna on September 1 2008. Implementation of the software for the general insurance in IC Providna was a result of the long-term agreement concluded by the companies for implementation of the principle insurance information system with possible extension hereof by supplementary modules and external business applications.

Solution

The services provided include implementation of INSIS Non-life insurance package as well as integration of the system with external systems of the insurance company: integration with the 1C financial system, HRB – the human resource system, implementation of the Blank module as well as implementation of the Self Service Module which enables the insurance agents to access basic INSIS functionality through a simplified user-interface.

The project covers: automation of all business processes of the insurance company including contract management, premium and commission calculation, claim settlement management, person and insured object management, reinsurance and etc. INSIS automates all business lines of the insurance company (up to 40 insurance products).

Benefits

“Evidently, completion of the insurance OS is a next serious landmark in creating a high-performance company. The system enabled accounting automation of all sales transactions, policy management, claims settlement and re-insurance. Implementation of the system involved all principle business processes of the Company, and now we are able to execute operative control of every insurance operation along with active managing of sales. It was an ambitious and extremely tense project for our Companies. We are pleased it was completed within a rather tight timetable”, marked Iryna Sirenko, President and Chairman of the Board of IC Providna.

How a geographically rich company achieved long-term growth in the CEE

Overview The Vienna Insurance Group (VIG), with its registered office in Vienna, is now one of the largest international insurance groups in Central and Eastern Europe with approximately 25,000 employees and a premium volume of around EUR 8.9 billion. With its focused and clear internationalization strategy in the CEE economic region, the insurance provider made the transition …
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Overview

The Vienna Insurance Group (VIG), with its registered office in Vienna, is now one of the largest international insurance groups in Central and Eastern Europe with approximately 25,000 employees and a premium volume of around EUR 8.9 billion. With its focused and clear internationalization strategy in the CEE economic region, the insurance provider made the transition from a national insurance company to an international insurance group with about 50 insurance companies in 25 countries. The insurance companies of the Vienna Insurance Group offer high-quality insurance services in both the life insurance and non-life insurance areas.

Challenges

With competition at an all-time high and customers demanding high standards of service with easy access through their preferred contact channel and due to increasing competition in the insurance markets there was a tremendous pressure on VIG to seek for an advanced software solution that will be able to:

  • To quickly offer new customer-centric products and increase the reach to customer by speeding up their delivery channels
  • Help the company gain competitive advantage through fast launch of new insurance products to the market
  • Improve the company’s service level, while also driving down the operational associated costs
  • Minimize IT complexity and reduce management costs
  • Introduce operational flexibility in order to adapt to an ever fast changing and evolving insurance market.

Additionally, VIG looked for solutions that are compatible with their four business principles:

  1. Think globally – act locally
  2. Multi-brand policy
  3. Multi-channel distribution
  4. Conservative investment policy

 

Solution

INSIS was implemented on averagely within 12 months enabling VIG to launch new products into the markets in record time and to meet the demands for the exciting new product range. The leveraged INSIS functionality introduced efficiencies to insurance business processes; tight integration of the other information systems; automated and more effective business processes; increased productivity and control; full coverage of all aspects of the insurance business, both horizontally and vertically; valuable insights into best business practices; powerful actuarial calculations and reporting facilities, global application and functionality to support a global single instance; created support for the future growth.

Benefits

VIG has proven that with a winning combination of vision, plan, people and technology the seemingly impossible can be achieved. At the moments more than 50% of Group premiums already come from CEE. The Vienna Insurance Group is optimally positioned to participate in the increased need for insurance accompanying the rising standard of living in the countries of the CEE region. In 2011, the region accounted for more than 50% of group premiums. No other international insurance company generates such a high proportion of its premiums in Central and Eastern Europe. Hence, the VIG is exploiting the growth potential in the CEE region in an optimal manner.

“Thanks to INSIS we manage to lead the market by providing host of new products long before our competitors” – Mr. Ryszard Dyszkiewicz Head of Dpt, Group IT, VIG

QBE Insurance Group, Sydney Australia

Overview QBE Insurance Group, based on Sydney Australia, is diversified insurance and reinsurance company and one of the top 25 worldwide. With offices in 38 countries, the Group’s gross written premium was AUD$ 8, 350 million in 2003. After an extensive evaulation process, INSIS was chosen as the insurance management solution for the QBE operations located in …
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Overview

QBE Insurance Group, based on Sydney Australia, is diversified insurance and reinsurance company and one of the top 25 worldwide. With offices in 38 countries, the Group’s gross written premium was AUD$ 8, 350 million in 2003. After an extensive evaulation process, INSIS was chosen as the insurance management solution for the QBE operations located in Central and Eastern Europe. Within the Central and Eastern Europe region, QBE provides a wide range of products including Unit Linked, Life Assurance, Travel, Personal Accident, Motor, Property, Liability, CAR/EAR, Machinery Breakdown, Marine, Cargo, Livestock, Agriculture.

Solution

The services provided include: Analysis of the Life and Non-life insurance products and procedures; Gap analysis, and project activities planning; Configuration of the Life and Non-Life insurance products in INSIS; Configuring the Accounting module; Configuration/Development of the functionality for integration with third party systems (GL, AP, AR); Application software customization; Accounting procedures; Development of reports and printouts; System and application software installation; Data migration; Training of system administrators; Training of operators; Training of report and form developers.

Benefits

The project provides functionality that covers all the insurance operational activities; automated link to the Oracle Financials; supports the required insurance reservations, operational and statistics, reports, central data base, reliability and operational stability of the system, quick access to the data.

 

Proama, Poland

Overview Groupama S.A., France and Fadata have a corporate contract since 2009, in which both companies agree for Fadata to provide its flagship product INSIS and the surrounding expert services to Groupama’s entities globally.  In March 2011 Groupama contacted Fadata with the request to make a proposal for a General Insurance system for Groupama’s new Greenfield direct …
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Overview

Groupama S.A., France and Fadata have a corporate contract since 2009, in which both companies agree for Fadata to provide its flagship product INSIS and the surrounding expert services to Groupama’s entities globally.  In March 2011 Groupama contacted Fadata with the request to make a proposal for a General Insurance system for Groupama’s new Greenfield direct sales venture in Poland.

The new company was aiming at a very quick launch and was still in the process of actually gathering its own the team for the company. By May 2011, Proama Poland was established and the main team started INSIS training in Sofia, Bulgaria.

Solution

Proama’s management decided on having its own team of experts take over the implementation of the system, together with a local partner (Sollers Consulting) that they had experience with. The flexibility, configurability and business-friendly nature of INSIS allows that and the two companies began implementation with just basic support, consulting, and additional trainings from Fadata.

Due to the short deadlines set for introducing the company on the Polish market, Proama and Sollers chose agile implementation methodology. There was a close collaboration between their technical and business teams, and there was Fadata’s involvement when needed and requested.

The company managed to finish the project on time and actually sold its first policy in November 2011.

Benefits

There was a huge success with the official launch of the company in January 2012, and Proama went 300% over their initial target sales.

  • Fast Time to Market: Quick Implementation within a very Short and ambitious Deadline
  • Low TCO: Cost-effective and Tailor-made Acquisition, Implementation and Support of the system; especially Important for a Greenfield Company with Limited Budget
  • Independency of Implementation: Implementation Performed by the Company and the Partner with just basic involvement of Fadata
  • Easy and Fast Adaptation of INSIS for the various Sales Channels

 

 

 

State Insurance Institute, Bulgaria

Overview State Insurance Institute – one of the biggest insurance companies in Bulgaria turned to Fadata for implementation of insurance integrated solution. The Company had the goal to assessing how it intended to manage their current business, accounting and reporting on current financial results and to plan for the future growth. State Insurance Institute chose Fadata insurance …
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Overview

State Insurance Institute – one of the biggest insurance companies in Bulgaria turned to Fadata for implementation of insurance integrated solution. The Company had the goal to assessing how it intended to manage their current business, accounting and reporting on current financial results and to plan for the future growth. State Insurance Institute chose Fadata insurance package INSIS and Oracle enterprise resource planning (ERP) applications to manage its financial functions.

Solution

State Insurance Institute engaged Fadata for the implementation of INSIS.

“The main reasons to choose Fadata had the professional know-how and the install base to pull off that kind of development in a rapidly changing technology market,” Mr. Danchev said ” INSIS ensures the necessary speed of the performance and leveraged INSIS package functionality to introduce efficiencies to insurance business processes.”

The project covers implementation of INSIS Non-life insurance package.The services provided include: Project Management; Review of the entire operation system and business processes of SII; Documenting current systems – manual and automated used; Identifying and detailing missing information and processing needs of management; Detailing and documenting broader MIS requirements; Preparing and presenting findings and recommendations to senior management for review and concurrence; Developing and presenting a high-level design specification, etc.; Development; Configuration set-up; Reporting; HW and SW supply; System administration; Implementation; Distribution; Training; Data migration; Documentation; Maintenance.

Benefits

Leveraged INSIS functionality to introduce efficiencies to insurance business processes; tight integration of the other information systems; automated and more effective business processes; increased productivity and control; full coverage of all aspects of the insurance business, both horizontally and vertically; valuable insights into best business practices; powerful actuarial calculations and reporting facilities, global application and functionality to support a global single instance; created support for the future growth.

“The employment of INSIS made our work much easier. With the unification of the complete set of technological systems not only the duration of daily operations has been sped up dramatically but also that of the monthly balance sheet elaboration. Statistical references and insurance reserves are much easier to prepare due to the fact that they are processed automatically by the package.” –Dancho Danchev, Deputy Executive Director, State Insurance Institute

Oman Insurance Company, Dubai, UAE

 Overview Oman Insurance Company is the one of the biggest insurance companies in Dubai with nine branches spread across the Emirates, providing Life (Whole life, Term, Endowments, Annuity, Unit-linked) and Non-life (Motor, Property, Personnel, Liability, Financial, Agriculture, Business Interruption, Aviation, Marine, Transportation of goods, Constructors all risks, Railway) class insurance products. Solution Analysis of the Life insurance …
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 Overview

Oman Insurance Company is the one of the biggest insurance companies in Dubai with nine branches spread across the Emirates, providing Life (Whole life, Term, Endowments, Annuity, Unit-linked) and Non-life (Motor, Property, Personnel, Liability, Financial, Agriculture, Business Interruption, Aviation, Marine, Transportation of goods, Constructors all risks, Railway) class insurance products.

Solution

Analysis of the Life insurance products and procedures; Gap analysis, and project activities planning; Configuration of the Life insurance products in INSIS; Configuring the Accounting module; Configuration/Development of the functionality for integration with third party systems (GL, AP, AR); Application software customization; Accounting procedures; Development of reports and printouts; System and application software installation; Data migration; Training of system administrators; Training of operators; Training of report and form developers.

Benefits

“Yes, we have succeeded, with the help of INSIS application and the magnificent efforts and support put by Fadata expertise, we have finally had a piece of mind.”

– Mr. Ayman Hegazy, IT manager, Oman Insurance Co.

He also appreciated all the efforts put by Fadata’s expertise for the successful implementation of INSIS application to automate all OIC’s Life portfolio, a solution that is so flexible, manageable, covers all our needs, and fits within the entire IT infrastructure of the company.

“We used to divert lots of time and energy to keep our software infrastructure up-to-date and covering not only our needs as a premier Insurance company, but also our customers’ special needs and the market’s ever changing demands.This is not and never was an easy thing to achieve, especially with a company that provides all types of insurance coverage and maintains a leading position in the region and very well known for its high quality services.”

-Mr. Abdul Muttalib Mustafa, GM of Oman Insurance Co.

CSDB, Kazakhstan

Overview In Kazakhstan, Fadata successfully finished the implementation of integrated system for insurance business management, INSIS-Non Life in the insurance company АО «BTA Insurance ». The BTA group has chosen INSIS after lengthy analysis of compatible solutions. Built on a module principle, INSIS is easy to be configured and implemented in short terms. The system is flexible …
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Overview

In Kazakhstan, Fadata successfully finished the implementation of integrated system for insurance business management, INSIS-Non Life in the insurance company АО «BTA Insurance ». The BTA group has chosen INSIS after lengthy analysis of compatible solutions. Built on a module principle, INSIS is easy to be configured and implemented in short terms. The system is flexible and adaptive to the needs and specific features of the business, and also it is integrated in the existing financial and information systems.

Solution

BTA Insurance has become the first ever insurance company that meets the requirements of the local legislation. The advantage of INSIS implementation in BTA Insurance is that by the automation of business processes the insurer increases the business management efficiency aiming to its growth, increase of its flexibility and speed when offering new products and insurance packages. Obtaining of consolidated statements and financial results help the managers to easier archive the stated objectives in all companies in the group structure.

Benefits

INSIS is integrated with CSDB, which is the unified statistical database for insurance of drivers and automobiles in Kazakhstan. The integration has been done with the help of web services. Before the issue of MTPL policy, each insurance company has to check in the database the driver’s bonus-malus coefficient and register the policy in the database after its issue. If the motor vehicle driver is not found in the database, then the motor vehicle should be registered there.

Fadata

Fadata is a leading provider of software solutions for insurance companies worldwide. Its core process management platform, INSIS, helps insurers stay competitive by connecting faster and more effectively with their customers. Read more

2 Aug

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