# Fadata

> Transforming your business with core insurance software

## At a glance

| Field | Value |
| --- | --- |
| Category | Core Administration |
| Type | Solutions Provider |
| Region | EMEA |
| Headquarters | Munich, Germany |
| Founded | 1990 |
| Stage | Established |
| Employees | 201-500 |
| Funding | PE-Backed |

## Overview

Fadata is a leading provider of software solutions for insurance companies worldwide. Founded in Bulgaria in 1990 by Boyko Kotchev and Anry Levy, the company has evolved from creating bespoke software systems to becoming a major provider of enterprise insurance software across the globe.

The company's flagship product, INSIS, is an all-in-one enterprise software platform that supports the entire insurance lifecycle for life, general (P&C), and health insurance. With over 25 years of extensive insurance business knowledge and a worldwide implementation footprint in more than 30 countries, Fadata serves over 60 insurers across Europe, the Middle East, Africa, and Latin America.

Fadata is headquartered in Munich, Germany, with major software development and operations centers in Sofia and Burgas (Bulgaria), and additional offices in Spain, Denmark, Serbia, Peru, and Malaysia. The company is backed by private equity firms Riverside and Lowell Minnick Partners, along with Charles Taylor plc.

## Products & services

### INSIS Platform

All-in-one enterprise software that turns rigid processes into agile workflows, supporting the complete insurance lifecycle.

**Key features:**

- Multi\-line support \(Life, General, Health\) in a single instance
- Low\-code/no\-code product configurator
- API\-first architecture for seamless integrations
- Cloud\-ready with AWS OOTB support and Kubernetes compatibility
- Multi\-tenancy for multi\-country operations

*Target users:* Insurance carriers of all sizes

### Policy Administration Module

Comprehensive policy lifecycle management from quotation to renewal.

**Key features:**

- New business quotations and premium calculations
- Full quote versioning and forward communication
- Underwriting workflow automation
- Policy alterations and renewals management

*Target users:* Underwriters, Policy Administration Teams

### Claims Management Module

End-to-end claims processing with machine learning capabilities.

**Key features:**

- Claims intake and registration
- Automated claims segmentation
- Reserve management
- Fraud detection with ML capabilities

*Target users:* Claims Teams, Adjusters

### Group Insurance Module

Full support for group insurance operations including employer and member billing.

**Key features:**

- Bulk handling of member data
- Employer billing and member billing
- Policy alterations for groups
- Certificate management

*Target users:* Group Benefits Teams

### Life Maths Module

Actuarial calculations for life assurance policies with savings components.

**Key features:**

- Savings and investment account management
- Reserve calculations
- Surrender value computations
- Bonus calculations using actuarial formulas

*Target users:* Actuaries, Life Insurance Product Teams

### Financial Management Module

Manages all financial interactions between INSIS and external systems.

**Key features:**

- General ledger integration
- Accounts payable and receivable
- Bank and payment operator connectivity
- Collector management

*Target users:* Finance Teams

### Customer/Party Management Module

Central repository for managing all stakeholder information.

**Key features:**

- Individual and legal entity management
- Customer, beneficiary, and agent data
- Fraud reduction through identity matching
- Relationship tracking across contracts

*Target users:* Customer Service Teams, Compliance

## Category & focus

- Subcategories: Policy Administration, Claims Management, Billing, Product Configuration
- Insurance verticals: Life & Annuity, P&C, Health
- Target customers: Carriers

## Notable customers

- Groupama Romania
- Anadolu Hayat Emeklilik \(Turkey\)
- Leading European insurers across 10\+ countries

## Links

- Website: <https://fadata.eu>
- Directory profile: <https://insurtechlist.com/companies/fadata/>
- Careers: <https://fadata.eu/careers/>
- Clients: <https://fadata.eu/clients/>
- Twitter: <https://twitter.com/fadata_group>
- About us: <https://fadata.eu/about-us/>
- Linkedin: <https://www.linkedin.com/company/fadata-group>
- Products: <https://fadata.eu/products/insis-platform/>
- Solutions: <https://fadata.eu/solutions/>
- Leadership: <https://fadata.eu/about-us/leadership/>
- Aws services: <https://fadata.eu/services/amazon-web-services/>

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*Last updated: 2026\-03\-25*