Tuesday 7th November 2017
Fadata, a leading provider of software solutions for insurance companies worldwide, partners with management and technology consultancy BearingPoint to meet the growing demand for implementation of its INSIS insurance process platform in Germany, Switzerland and Austria. The partnership will enable BearingPoint to extend the range of services they can offer to meet the digital, distribution and core systems requirements of their insurance clients.
Fadata Group has expanded its geographical footprint across Europe, developed its network of integration partners, acquired the Munich-based digital insurance technology solutions vendor Impeo, and continuously released software that offers insurers a complete capability to manage their client business, internal processes and provide an exceptional user experience.
John Macdonald, CEO, Fadata Group commented: “We are delighted to announce our partnership with BearingPoint. We are seeing an increasing number of insurance firms actively embracing digital transformation, with regional insurers setting high priority on accelerating technology innovation. Fadata Group are ideally positioned to be the preferred partner in this journey, offering expertise, market leading technology, and extensive experience of market requirements to all our present and future customers in the region.”
“The strength of our partnership lies in the provision of an all-round service for insurance companies. We offer deep consulting and implementation expertise combined with a leading, innovative, modular insurance process platform that includes all lines of business”, said Evrim Bakir, Partner, BearingPoint.
The new partnership between Fadata Group and BearingPoint comes at a time when the insurance industry is going through significant change, especially in the areas of back-end technology and front-end digital applications, both being strengths of Fadata Group’s core offering. Synergies will come from value added services in the introduction of core software solutions, as well as cooperation on other joint projects around digitizing insurance processes.
Analysts Gartner and Celent have consistently recognized Fadata Group in their reports as a leading insurance software provider, whose core process platform, INSIS, covers all lines of business across Life, Non-Life and Health, and helps insurers compete by implementing digital processes needed to connect faster and more effectively with their customers and distribution partners.
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About Fadata Group
Fadata Group is a leading provider of software solutions for insurance companies worldwide. At a time of rapid industry change, it helps insurers compete by implementing digital processes needed to connect faster and more effectively with their customers and distribution partners. Recognized as an advanced solution provider by analysts at Gartner and Celent, Fadata has clients in over 30 countries across Europe, the Middle East, Africa and Latin America.
Fadata is headquartered in London and has offices throughout Europe, including a software development and operations centre in Sofia. It also has an extensive international distribution and implementation partner network that includes BearingPoint, Charles Taylor InsureTech, EVRY, EY, Infosys, Sollers and Tieto.
In 2017, Fadata acquired Impeo, broadening its insurance front-office capabilities. Fadata’s shareholders include The Riverside Company, a global private equity firm, and Charles Taylor plc., the London-based global provider of insurance services.
BearingPoint is an independent management and technology consultancy with European roots and a global reach. The company operates in three units: Consulting, Solutions and Ventures. Consulting covers the advisory business; Solutions provides the tools for successful digital transformation, regulatory technology and advanced analytics; Ventures drives the financing and development of start-ups. BearingPoint’s clients include many of the world’s leading companies and organizations. The firm has a global consulting network with more than 10,000 people and supports clients in over 75 countries, engaging with them to achieve measurable and sustainable success.
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