Fadata Launches Compliance First AI Platform

For insurance brands compliance is always a top priority, whatever the local market conditions. Regulation is necessary and failing to comply can be expensive. So this news from Fadata looks useful for many insurers, brokers and MGAs.

Insurance software provider and advisor, Fadata, is taking a leading role in delivering AI that has the potential to fundamentally change the customer value of insurance IT. Fadata is launching a new compliance-first AI platform for insurers, designed to give insurance companies the framework and control they need to introduce AI safely while turning it into a practical business enabler.

Three pillars for practical, responsible AI

Fadata’s new platform is being built around three core pillars designed around three key areas that insurers need to move AI from experimentation into sustainable business-wide operation: Implementation, Control, and Operations:

IMPLEMENTATION – Ensuring products to market faster

AI should not create another layer of complexity in the business. Fadata’s platform is being designed to help insurers bring new products to market faster and accelerate implementation of new services.

CONTROL – Ensuring compliance and data control

Safety and compliance are Fadata’s top priority, ensuring insurers can focus on business with complete peace-of-mind and less time and efforts spent on navigating the changing legislative landscape. This includes data protection, security, governance, human in the loop and compliance all built into the platform’s approach, giving greater visibility and control over how AI is introduced and operated. DORA and EU’s AI act is naturally embraced.

Fadata’s new AI platform is independent from the insurance core yet natively integrated to INSIS data and flows for optimal value while designed to operate with it seamlessly. This provides easy-to-implement business opportunities with specialist AI features and means AI capabilities can be deployed, managed, isolated or switched off without disrupting the underlying core insurance system.

OPERATIONS – Making AI useful to the everyday business

The ultimate value of AI comes from what it delivers once it becomes part of everyday business. Fadata’s new AI platform will help insurers to embed AI into their daily activities to improve processes, enhance service, and create new opportunities for growth.

Fadata’s goal is to utilise its technical know-how and decades of insurance experience to support insurers as they increasingly look beyond AI experimentation towards practical deployment, especially as technology leaders face the dual challenge of capturing AI’s potential while managing regulatory, operational, security and financial risks. The new AI platform forms part of Fadata’s broader strategy which has always centred around helping insurers achieve meaningful transformation, while maintaining the security, control and resilience expected of core insurance technology.

Liselotte Munk, CEO, comments: “For years, insurance IT has largely been viewed as a cost centre. Now, AI is actively contributing to efficiency, innovation, customer service, and ultimately growth. However, this only works if insurers can adopt AI with confidence and control. The insurance industry doesn’t need more AI for the sake of AI, it needs a way to make AI work commercially, safely, and responsibly. And our ambition is to give insurers the confidence to do exactly that.”