Leading Peruvian Insurer signs major licensing deal with Fadata
December 6, 2016
Fadata, a leading provider of advanced insurance technology solutions, has won its first major customer in Peru for its award-winning INSIS product. INSIS is a flexible, modular insurance software package that provides a complete management solution to Life, General and Health insurers.
La Positiva Seguros, one of the largest insurance groups in Peru, has chosen INSIS for its functionality, flexibility, rapid implementation capability and exceptional return on investment.
Juan Manuel Peña Henderson, CEO, La Positiva Seguros, Peru: “With the selection of INSIS for our core insurance systems for all lines of business, we are determined not only to sustain our leading position in the market, but also to achieve even better results by providing superior customer service and reducing time to market for new products. This partnership with Fadata will help La Positiva Seguros significantly improve business efficiency as well as move ahead of our competitors at a faster pace.”
John Macdonald, CEO, Fadata, commented: “We are delighted to welcome La Positiva Seguros as the newest member of the growing INSIS Community in the region. The insurance industry is experiencing rapid growth across LATAM, and we are seeing an increasing number of insurance firms actively embracing digital transformation in the region. To drive this initiative successfully, Latin American insurers are setting high priority on accelerating technology innovation. Fadata are determined to become a preferred partner in this journey, offering invaluable expertise to all our present and future customers in the region.”
The implementation of INSIS will start with the Life insurance solution, followed by the General and Health lines of business. The project will be delivered in partnership with Charles Taylor InsureTech, Fadata’s preferred implementation partner. The implementation will be supported by Charles Taylor’s LATAM technology Centre of Excellence that was recently established in Mexico City.
Jason Sahota, CEO, Charles Taylor InsureTech says: “We established our LATAM Centre of Excellence to provide implementation and project management support to clients in the region. We are excited to have a key role to play in this and future implementations and look forward to working with Fadata to deliver an excellent outcome for La Postiva.”
INSIS has been ranked a leader in Gartner’s Magic Quadrant (December 2015) for the fourth successive year. It has also recently been awarded two consecutive XCelent in Technology awards for its Life and Health systems, by Celent.
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Notes to editors
Fadata is a leading provider of software solutions for insurance companies worldwide. Its core process management platform, INSIS, helps insurers connect faster and more effectively with their customers, and has more than 65 implementations in over 30 countries, across Europe, the Middle East, Latin America, CIS and Africa. INSIS is an award-winning platform, and has been recognized by leading research reports, including Gartner and Celent.
With headquarters in London and a major development and operations center in Sofia, Fadata has offices in 5 countries, and a distribution and partner network spanning over 30 countries, including EY, Charles Taylor InsureTech, EVRY, Sollers, Infosys and Oracle. In 2015 Fadata was acquired by The Riverside Company, a global private equity firm, and Charles Taylor plc., a London-based global provider of insurance services.
About La Positiva Seguros
La Positiva Seguros is an insurance group with over 77 years of experience in the Peruvian insurance market, servicing more than 3,500,000 insured throughout Peru. La Positiva Seguros consists of: Positiva Seguros Generales, which provides insurance of Property, Accident and Health, and La Positiva Life, which offers Life, Workers Compensation, Pension and Retirement Income insurance. La Positiva Seguros is one of the Top 5 insurance companies in the Peruvian insurance market.
About Charles Taylor InsureTech
Charles Taylor InsureTech is part of Charles Taylor plc, a leading provider of insurance services to global insurance markets, and benefits from Charles Taylor’s deep knowledge of insurance and long track record of developing innovative solutions for insurance markets. Charles Taylor InsureTech employs over 200 technology specialists to deliver business transformation, solutions, analysis, systems development, implementation and support to clients in the global insurance market.
Written by Fadata Group
Fadata Group is a leading provider of software solutions for insurance companies. It helps insurers stay competitive in the digital economy by implementing the processes needed to connect faster and more effectively with their customers and distribution partners.