Fadata Strengths, Domain Expertise, and Key Differentiators
Fadata Group has several key strengths that make it a leader in the insurance industry. The company offers advanced core insurance solutions, leveraging the latest technologies and flexible cloud solutions for easy implementation. With over 30 years of experience and recognition from analysts like Gartner and Celent, Fadata is well-known for its expertise in insurance technologies and plays a leading role in providing platforms that support all insurance processes. Their INSIS platform enables high automation and efficiency in managing insurance processes. Additionally, the company utilizes artificial intelligence for better data analysis, risk detection, and event forecasting, enhancing the accuracy and speed of processes.
Fadata Recent Developments
In 2024, Fadata expanded its global footprint by opening new offices in Malaysia and Peru, strengthening its presence in the Asian and Latin American markets.
The company also established strategic partnerships with InsFocus for advanced business intelligence solutions and with FRISS for integrated risk management and fraud detection within the INSIS platform.
As a recognition of its leadership in insurance technology, Fadata was named Best Software Provider at the 2024 European Insurance Technology Awards.
Fadata Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Fadata applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Fadata and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified INSIS Platform customers.
Fadata Overview
Garmischer Straße 7
Munich, x, 80339, Germany
49 89 50 222 460
Ownership: - x
Number of Employees: 300
Functional Markets: ERP Financial, ERP Services and Operations,
Key Verticals: Insurance,
Fadata Key Enterprise and Cloud Applications
INSIS Platform
Fadata Revenues, $M:
| Type/Year | 2023 | 2024 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Fadata Revenue Breakdown By Type, $M:
Fadata Enterprise Applications Revenues By Functional Markets, $M:
Fadata Enterprise Applications Revenues By Verticals, $M:
Fadata Revenues By Region, $M
| Region | % of Total Revenues | 2024 Total Revenues, $M | 2024 Enterprise Applications Revenues, $M | 2024 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Fadata Direct vs Indirect sales
| Type | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Fadata Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Fadata Customers
No. of Fadata Customers: 60
No. of Fadata Enterprise Applications Customers: x
No. of Fadata Cloud Customers: x
No. of Fadata Cloud Subscribers: x
The company has clients in over 30 countries across Europe, the Middle East, Africa, and Latin America. Their solutions are used in various industries, including financial services, healthcare, and transportation. Notable clients include ADNIC, Apmeeu, ACKA, Alfa Strakhovanie, ASIROM, Vienna Insurance Group, Omniasig, Ophata, and others.
Fadata Market Opportunities, M&A and Geo Expansions
Fadata Group has significant growth opportunities in 2024 and 2025, both horizontally and vertically. As digitalization in the insurance industry increases, Fadata can expand its solutions into new insurance sectors and broaden its offering of automated and cloud-based solutions. Additionally, leveraging artificial intelligence and machine learning for data analysis and risk management presents a major opportunity for further development. The company also has potential for expansion into new regions like Asia and North America, where insurance companies are increasingly investing in modern solutions.
Fadata Risks and Challenges
Fadata Group faces internal and external risks. Internally, challenges include managing growth, innovation, and the security of advanced technologies and cloud infrastructure. Externally, market competitiveness and global economic and regulatory changes may impact operations. Additionally, challenges in entering new markets involve strong local competition and varying legal requirements, which will require long-term efforts to build trust and partnerships.
Fadata Ecosystem, Partners, Resellers and SI
In 2024, Fadata Group continues to strengthen its existing strategic partnerships, particularly with DICEUS and Ernst & Young (EY UK), aiming to enhance the implementation of its INSIS platform and drive digital transformation within the insurance industry. Additionally, the company is expanding its partner ecosystem with organizations such as BearingPoint, Charles Taylor InsureTech, EVRY, Infosys, and Sollers, to broaden its global footprint and deliver improved services to its clients.
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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