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Fadata - sponsor of the First Azerbaijan Insurance Forum

This was the second presentation of Fadata at the Azerbaijan insurance market after its sponsorship of the V International Caspian Conference in April this year. “Considering Azerbaijan rapid economic development, and subsequent development of the insurance business, Azerbaijan market is very important for us, especially that we have already started INSIS implementation in one of the leading insurance companies in Azerbaijan – MBASK, conducted by our partner company FORS. We believe this is the right time and place to be as we can offer the right solution”, said Mrs. Lilia Popova, Sales and Marketing Director for Russia and CIS, Fadata.

The forum was attended by more than 140 delegates from around 14 countries including Azerbaijan, Austria, Bulgaria, France, Germany, Georgia, Kazakhstan, Latvia, Poland, Russia, Switzerland, Turkey, UK and Ukraine. Some of the main topics discussed during the forum were perspectives and future development of the Azerbaijan insurance market, industry experience of the CIS countries, as well as the new information technologies available for the insurance business. Fadata was presented by Mrs. Petya Megrelishvili, Sales Manager for Russia and CIS with the presentation “INSIS – a world class integrated solution for the insurance business”

For more information about the forum, its programme, lectures and participants, please visit: www.aiif.az

About Fadata Ltd.

Established in 1990, Fadata is a leading provider of software solutions for insurance companies worldwide. Its leading insurance product INSIS has customers in USA, Bulgaria, Romania, Ukraine, Russia, Kazakhstan, Azerbaijan, UAE, Estonia, Slovakia, Hungary and Greece.

As an Oracle Certified Advantage Partner, Fadata also offers its customers solutions and consulting services in the area of Oracle Applications: Oracle e-Business Suite, Oracle CRM, Oracle Enterprise Content Management and BI solutions.

With a headquarter in Sofia, Bulgaria and subsidiaries in Romania and Serbia, Fadata has a global distribution and supports partners’ network in 20 countries, which provide service to  over 110 customers. Until the end of this year, Fadata plans to open offices also in Ukraine and Portugal
Fadata and INSIS have been highly ranked in the report on the leading providers of Policy Administration Systems in Central and Eastern Europe, issues in July 2007 by Celent - an American company, specialized in research and consulting activity in the scope of IT technologies in the finance sphere all over the world.