Fadata unveils new SaaS for insurers strategy

The company’s INSIS platform is now available as a SaaS solution, offering insurers several benefits, including:

• Reduced upfront costs: SaaS eliminates the need for insurers to invest in their hardware and infrastructure.
• Faster deployment: SaaS solutions can be deployed quickly and easily without complex integrations.
• Scalability and flexibility: SaaS solutions can be easily scaled up or down to meet the changing needs of insurers.
• Regular updates: SaaS solutions are updated with new features and security patches.

Fadata’s INSIS platform is also multi-tenant, meaning that multiple insurers can share a single instance of the platform. This can help insurers to reduce costs and improve efficiency.

Fadata’s new SaaS strategy is part of a broader trend in the insurance industry towards cloud computing. Insurers are increasingly moving their core systems to the cloud to take advantage of the above benefits.

Fadata’s CEO, Liselotte Munk, believes the company’s SaaS strategy will make it a leader in cloud-based insurance software. She says: “Most companies aspire to scale in a volatile marketplace. All companies seek cost savings, expedited deployment of products, the ability to react to changing market conditions and streamlining daily tasks. The Fadata SaaS solution combines all of these client benefits, thanks to Fadata’s experienced team.”

Fadata has seen significant growth in recent years, and the company is now embarking on the next step in its journey by focusing on its SaaS strategy. More developments are expected to be announced in the coming months.

Fadata’s new SaaS strategy is a positive development for insurers who are looking for a cloud-based solution for their core systems. The company’s INSIS platform is a well-established and feature-rich solution, and the SaaS offering makes it even more attractive to insurers.