Fadata Strengths, Domain Expertise, and Key Differentiators
Fadata Group is a 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. Its core process management platform, INSIS, helps insurers stay competitive by connecting faster and more effectively with their customers.
Fadata Recent Developments
In July 2021, Fadata partnered with Ernst & Young LLP (EY UK), to help insurance companies drive improved business performance through technology transformation delivering an end-to-end digital experience. The alliance combines Fadata’s core insurance operational technology with EY UK’s experience in the insurance sector and facilitates large-scale business and technology transformations. Using INSIS, Fadata’s insurance process platform, Fadata and EY UK teams will help insurers create flexible and innovative products, bringing them to market faster and distributing and servicing them through new digital channels. With Fadata’s INSIS and EY UK’s implementation services, teams will help insurance companies across various business areas including business management, insurance product lifecycle and the customer journey.
Fadata Mergers and Acquisitions (M&A) Activities
In 2017, Fadata, acquired IMPEO, a digital insurance technology specialist. The IMPEO acquisition accelerates Fadata’s market presence in the German-speaking markets and extends its insurance process platform (INSIS solution) with products and services to help insurers engage successfully with their customers and distribution partners.
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, INSIS Non-life, INSIS Life & Pensions, INSIS Health, INSIS BI, Impeo, customers.
Fadata Overview
Ownership: - x
Number of Employees: 210
Functional Markets: Analytics and BI, CRM, ERP Services and Operations, PaaS,
Key Verticals: Banking and Financial Services, Insurance,
Fadata Key Enterprise and Cloud Applications
INSIS Platform, INSIS Non-life, INSIS Life & Pensions, INSIS Health, INSIS BI, Impeo,
Fadata Revenues, $M:
| Type/Year | 2019 | 2020 | 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:
| Type | License | Prof. Services | Hardware | Support & Maintenance | SaaS | PaaS | IaaS | Other (Non Enterprise Application Revenues) | Total |
|---|---|---|---|---|---|---|---|---|---|
| % of Total Revenues | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | 100% |
| Revenues, $M | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
Fadata Enterprise Applications Revenues By Functional Markets, $M:
Fadata Enterprise Applications Revenues By Verticals, $M:
Fadata Revenues By Region, $M
| Region | % of Total Revenues | 2020 Total Revenues, $M | 2020 Enterprise Applications Revenues, $M | 2020 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
| Region | 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: x
No. of Fadata Enterprise Applications Customers: x
No. of Fadata Cloud Customers: x
No. of Fadata Cloud Subscribers: x
Leading insurers in over 30 countries across Europe, the Middle East, Africa and Latin America rely on Fadata software solutions. Among its customers are ADNIC, Apmeeu, ACKA, Alfa Strakhovanie, ASIROM, Vienna Insurance Group, Omniasig, Ophata and others.
Fadata Market Opportunities, M&A and Geo Expansions
Fadata Group’s CEO, Liselotte Munk relocates to Munich, Germany to ensure a strong presence and engagement with the insurance companies in central Europe. This year has been envisioned as the year of expansion for the company. The plans of Fadata Group for 2020 include focusing on specific target markets located in central Europe and the Nordics region.
In 2015 Fadata was acquired by The Riverside Company, a global private equity firm, and Charles Taylor plc., the London-based global provider of insurance services. Furthermore, 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.
Fadata Risks and Challenges
In November 2018, Fadata has replaced its CEO, this transition in their leadership can lead to new company strategies and goals.
Fadata Ecosystem, Partners, Resellers and SI
Fadata has an extensive international distribution and implementation partner network that includes BearingPoint, Charles Taylor InsureTech, EVRY, EY, Infosys and Sollers.
Fadata Cloud Infrastructure Insights
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- Fadata Public Cloud and Infrastructure (IaaS)
- Fadata Platform (PaaS)
- Fadata Application Delivery
- Fadata Private Cloud and Data Centers
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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