The latest software upgrades news from Fadata;
Fadata, the global provider of core insurance software, has released the latest version of its leading solution, INSIS. Insurers are set to benefit from a wealth of new features and system enhancements that will support them in their day-to-day business as well as empower them to tackle the ever-shifting market and demands of policy holders.
Fadata’s latest release affords insurers even more capabilities which will support them to react to new market requirements, improve their business operations and level up their customer experiences. Thanks to the enhancements Fadata has introduced, system integrations and customisations have been made even more seamless. With this, insurers are delivered the unrivalled flexibility to leverage external tools and the effortless system management that will enable them to adopt new processes and technologies so that enhancing and expanding products becomes even more rapid. With the latest version of INSIS, insurers in EU can also consider emerging compliance regulations, such as the recently entered into force Digital Operational Resilience Act (DORA) and seamlessly navigate the evolving regulatory landscape with confidence.
Jaime Molina, Director of Product Management at Fadata, said, “We are committed to our open approach to insurance software and are proud to be enabling insurers to grow, adapt, and achieve their business goals with ease. The latest version of INSIS reaffirms our commitment to providing innovative, robust security, and adaptable solutions to help businesses thrive in an ever-changing marketplace. We have been quick to react to the introduction of DORA and we will continue to release frequent upgrades to ensure INSIS resilience. Our new system enhancements introduce new features for reinsurance, commissions, and policy administration and management, delivering insurers more control, flexibility, and the ability to make speedier customisations. Finally, we continue our path towards an API-first and headless approach.”
Business Benefits of the Latest INSIS updates:
- Streamlined Operations: simplified processes across commissions, claims, policy management, and reinsurance.
- Personalised Experiences: tailored customer journeys with flexible and customisable solutions.
- Stronger Security: enhanced resilience and compliance to protect data and maintain operational integrity.
- ng quotation and application APIs for greater flexibility.
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