For the 7th consecutive year, Fadata is positioned as a Leader in Gartner’s Magic Quadrant for Life Insurance Policy Administration Systems, Europe.
Fadata Group, a leading provider of software solutions for insurance companies worldwide, has announced that it has been recognized as a Leader in the latest Gartner report “Magic Quadrant for Life Insurance Policy Administration Systems, Europe”, Laurie Shotton, Manav Sachdeva, 17 October 2018. Fadata’s flagship product INSIS Insurance Platform is one of the few insurance solutions that covers all aspects of the insurance business, both horizontally and vertically, across the organization.
“We are both delighted and proud to confirm our position as a Leader in the 2018 Gartner’s Magic Quadrant for Life Insurance Policy Administration Systems in Europe. For 7 years in a row, Fadata has been once again recognized for its Ability to Execute and Completeness of Vision amongst the 11 European vendors recognized in this report.
Through these years we have seen many competitors change their places, while we have successfully managed to secure our position amongst the Leaders in the Life Insurance Policy Administration Systems market space. We would also like to take this opportunity to thank our customers who believe in us and keep on giving their support for us. We are happy to share our success with INSIS community members and be part of our customer’s successful future.”, commented Liselotte Munk, CEO of Fadata Group.
As noted in the report, “Gartner received completed responses to its RFI on 36 vendor solutions in the European life insurance policy administration market in 2017… . Gartner tracks more than 50 vendors that offer life insurance policy administration systems in Europe. The 2018 Magic Quadrant represents a snapshot of the market for a subset of those vendors that are present in at least two European countries, have built up a significant portfolio of clients (11 clients) and are continuing to add to their portfolio (at least two in the past three full calendar years).”.
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About Gartner Magic Quadrant
A Gartner Magic Quadrant is a culmination of research in a specific market, giving you a wide-angle view of the relative positions of the market’s competitors. By applying a graphical treatment and a uniform set of evaluation criteria, a Magic Quadrant helps you quickly ascertain how well technology providers are executing their stated visions and how well they are performing against Gartner’s market view.
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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, 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.