Artificial Intelligence (AI) is being aggressively pursued by Fadata with full force
Fadata Embraces AI-First Strategy to Transform Insurance Industry
Fadata, a global provider of core insurance software, is leading the charge in the insurance sector with its AI-first strategy. The company is focusing on leveraging artificial intelligence (AI) to drive innovation, boost productivity, and enhance operational efficiency, all with a clear emphasis on long-term sustainability and a people-first culture.
Fadata's AI strategy is not just about tools; it's about people, trust, and mindset. The company is fostering a company-wide mindset shift to support long-term success, encouraging employees to learn, experiment, and upskill with AI. AI is no longer a future concept for Fadata; it's a present necessity.
The company is ploughing ahead with its own AI strategy, teaming up with AI Ecosystem partners, and establishing a high-end AI product roadmap. Fadata is partnering with FRISS to bring sophisticated fraud detection capabilities to the market, and the partnership offers out-of-the-box compliance, risk management, and fraud detection.
Fadata is embedding AI into its core business processes. This approach reflects a commitment to integrating AI deeply into insurance operations rather than treating it as a siloed tool. By doing so, Fadata aims to accelerate complex processes such as data migration, reducing timelines from months to weeks, and streamline insurance product configuration. Enhanced testing capabilities have reported productivity gains up to 50%.
This approach is about integrating AI as a core technology to transform insurance workflows sustainably, boosting productivity and innovation, while ensuring that AI adoption empowers people and maintains a human-centered approach in the evolving insurance ecosystem. Fadata is creating the foundations for an AI-first insurance industry.
Fadata has shared its predictions for the insurance sector in 2025, including trends in insurtech, data, embedded insurance, claims costs, PI, motor premiums, and GI insights. The deadline for sending comments on these predictions is the 20th of December.
Fadata has recently released the latest version of its leading solution, INSIS. The new version offers a wealth of new features and system enhancements.
In a collaborative environment between AI tools and people, AI frees human workers to focus on higher-value, decision-centric tasks, promoting a sustainable, people-first AI culture. This culture recognizes that technology should support people, enhancing their capabilities and improving their work experience while driving sustainable business impact.
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[1] Source: Fadata's official press release [4] Source: Fadata's AI Whitepaper
- Fadata's AI-first strategy, focused on artificial intelligence (AI), aims to integrate AI deeply into insurance operations, accelerating complex events such as data migration and streamlining insurance product configuration.
- Fadata is partnering with FRISS to offer out-of-the-box compliance, risk management, and fraud detection capabilities, which are integral parts of its insurtech innovation approach.
- The company encourages a mindset shift towards AI, fostering an environment where employees can learn, experiment, and upskill with AI, understanding AI as a present necessity rather than a future concept.
- With its AI Whitepaper, Fadata offers predictions about the insurance sector in 2025, including trends in insurtech, data, embedded insurance, claims costs, and various insights, seeking comments from the public by the 20th of December.
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