Fadata Strengths, Domain Expertise, and Key Differentiators
Fadata Group stands as a global provider of software solutions tailored for insurance companies. In an era marked by swift industry transformations, Fadata empowers insurers to thrive by deploying digital processes that enhance their connectivity with customers and distribution partners. The INSIS core process management platform plays a pivotal role in ensuring insurers maintain a competitive edge by facilitating quicker and more efficient interactions with their customer base.
Fadata Recent Developments
In May 2023, Fadata introduced the latest iteration of its core insurance software platform, INSIS. Fadata empowers clients with the flexibility to select from two distinct database providers, opt for a cloud provider, and engage with several preferred partners. The innovative containerized core platform enables insurance companies to establish a functional environment within minutes, facilitating swift updates for continuous access to new business features and functionalities.
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
https://www.fadata.eu/
Ownership: - x
Number of Employees: 250
Functional Markets: ERP Financial, ERP Services and Operations,
Key Verticals: Life Insurance, P&C Insurance, Specialty Insurance,
Fadata Key Enterprise and Cloud Applications
INSIS Platform
Fadata Revenues, $M:
| Type/Year | 2022 | 2023 | 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 | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 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: 60
No. of Fadata Enterprise Applications Customers: x
No. of Fadata Cloud Customers: x
No. of Fadata Cloud Subscribers: x
Fadata's software solutions have earned the trust of leading insurers in more than 30 countries spanning Europe, the Middle East, Africa, and Latin America. Notable clients include ADNIC, Apmeeu, ACKA, Alfa Strakhovanie, ASIROM, Vienna Insurance Group, Omniasig, Ophata, and others.
Fadata Market Opportunities, M&A and Geo Expansions
In April 2023, Fadata introduced Fadata Ecosystem to support and scale their insurance platform solution, enabling insurance businesses to scale flexibly with less cost and less effort. Designed to ensure insurance companies can meet changing customer needs and expectations with fast paced innovation, the new Ecosystem of partners enables speedy, seamless deployment of new technology capabilities from difference sources. With pre-integrated, approved partner solutions from tech leaders, insurers can select the best fits for their business, while reducing the complexity and cost associated with traditional integrations.
Fadata Risks and Challenges
Coordinating activities across various global offices poses a potential challenge for Fadata.
Fadata Ecosystem, Partners, Resellers and SI
In December 2022, Fadata solidified a strategic partnership with DICEUS, a Lithuania-based software development company. This collaboration aims to enhance the implementation capabilities of the INSIS platform for insurance companies of varying sizes.
In July 2021, Fadata joined forces with Ernst & Young LLP (EY UK) to drive technological transformation and improve business performance for insurance companies. Leveraging Fadata's core insurance operational technology and EY UK's expertise in the insurance sector, the partnership facilitates comprehensive business and technology transformations. Utilizing Fadata's INSIS platform, the collaborative teams will assist insurers in developing flexible and innovative products, accelerating time-to-market, and expanding distribution and servicing through digital channels. The combined efforts of Fadata and EY UK will support insurance companies across key business areas, including business management, insurance product lifecycle, and enhancing the customer journey.
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:
https://www.appsruntheworld.com/About Ushttps://www.appsruntheworld.com/taxonomy
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