The Bulgarian software company Fadata Ltd, a leading vendor of software solutions for financial and insurance business, opens an office in Lisbon, Portugal.

The Bulgarian software company Fadata Ltd, a leading vendor of software solutions for financial and insurance business, opens an office in Lisbon, Portugal. The expansion of the activities of the company is a result of the increased interest in the leading product of the company INSIS.

INSIS is an integrated insurance system – the universal platform covers all types of insurance activities and offers a rich functionality and an option for operation work of the insurers all over the world. The solution is the major choice of corporative clients like Vienna Insurance Group, QBE Insurance – East Europe, America &Latin America, OTP – Hungary (now Groupama ), Bank Turan Alem – Kazakhstan, Clal Insurance, TBIH.

The Russian market and the countries of CIS adopted INSIS as one of the best solutions – an evidence of this are the introductions in the company Alpha Life  – Russia  and  Russian Standard – Russia. The number of the clients of Fadata AD in Ukraine and Kazakhstan is steadily rising, as well as in Eastern Europe – Bulgaria, Romania, Serbia, Hungary, Slovakia.

In the last two years Fadata was transformed from a local into an international vendor of solutions for the insurance field, commented Anri Levi, CEO of the Fadata. The company offers one of the best solutions available on the European market under the assessment of leading analytics of Celent, it is introduced by highly qualified experts after internationally established practices in cooperation with leading consultancy groups like Accenture, IBM – Global Insurance Solutions. The interest of the insurers in Western Europe, who discover INSIS as an adequate system able to respond to the enlarged requirements for quick reaction of the market and the ever-changing business environment, is increasing. The expectations and the claims to information system are high in the conditions of a crisis. When the insurance market is contracting, the mightiest instrument for reaction remains the information system, which models in a refined way the business processes according to the changes of the market for short terms, without additional investments. 

INSIS means innovations – a mighty synergy of leading technologies and the best business practices. This may be observed in the new 9 version of the product, which will be represented in Lisbon on 23 October, when the official opening of the office of Fadata in Portugal will take place.

A special guest at the meeting in Lisbon will be the Senior Analyst  of  Celent Catherine Stagg –Macey, who will make a lecture to the top managers of Portuguese insurance companies how to survive in the times of financial instability and what the priorities of the insurers for the next 12 months are.

The plans of Fadata Portugal to work on the local market, the perspectives and the opportunities for development will be presented by Mrs. Maria Fernanda Dias, General manager of Fadata Portugal.