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Fadata starts implementation of INSIS in one of the leading insurance companies on the Ukrainian market NJSIC "Oranta"
After signing a contract for implementation of its integrated system for the insurance business INSIS on May 22 2007, Fadata Ltd successfully started implementation in the beginning of this month. During the term of the Contract, Fadata Company shall have responsibilities to implement the Insurance Company’s system as well to train the technical staff adequately to use and maintenance the system, to develop new products and prepare the necessary reports.“Fulfilling reengineering of the Company’s business processes, NJSIC „ Oranta ” has reached to the reasonable choice of the Insurance Company’s system. Taking in mind the branched network of the Insurance Company as well as the long list of the insurance products offered the clients, the requirements to the system have become the highest.
According to tenderer’s general determination, the Fadata Company’s tender corresponds at most to the aims and tasks, connected with the modernization and further developing of the business, NJSIC „ Oranta” is faced with confront it.
Founding united operation office at the Company shall enable to connect all activities: conclusions of contracts, their operative tracking, conducting adequate underrating, choosing the suitable software of reinsuring, modern and qualitative control of raising insurance cases." These will give us the opportunities to increase essentially the service quality. The successful realization of the tasks set will enable one more time to demonstrate the NJSIC „Oranta”’s leading positions on the Ukrainian insurance market “, said Mr. Oleg Spilka – Chairman of the NJSIC „Oranta”’s Management.
„Promoting INSIS on the Central and Eastern Europe market is without doubt one of our priorities. That’s why we are extremely happy that INSIS is so popular in Russia and CIS, and in Ukraine in particular. Signing a contract with one of the leading insurance companies on the Ukranian market NJSIC „Oranta” is a key indicator to our success and we are confident that we will justify the choice „Oranta”has made by choosing INSIS”, added Mrs. Lilia Popova, Marketing and sales Director for Russia and CIS in Fadata Ltd.
About Fadata
Established in 1990, Fadata is a leading provider of software solutions for insurance companies worldwide.INSIS, one of the flagship products of Fadata, is a flexible state-of-the-art modular software solution that provides full coverage of all aspects of insurance business area both horizontally and vertically. The package covers all types of businesses in both life and non-life, including unit-linked products and all insurance company’s needs related to the insurance activities. The system incorporates all necessary actuarial calculations and reporting facilities and seamlessly integrates other external software functions. INSIS provides flexibility, scalability and a seamless integration of business operations across the entire insurance enterprise from back-office operations to front-office customer service management.
Fadata also offers solutions and consulting services in area of Oracle Financial/Applications and Filenet implementation, development development of integrated Information systems for government sector and Embedded systems & Real-time operating systems development.
Headquartered in Bulgaria, Fadata has a global distribution and supports office and partners network in 20 countries: Bahrain, Canada, Estonia, Ethiopia, Greece, Hungary, Italy, Japan, Kazakhstan, Kosovo, Macedonia, OAE, Romania, Russia, Serbia and MonteNegro, Slovakia, South Arabia, UK, Ukraine and the USA. This network serves the needs of 110 customers in over countries across Europe, Middle East, Africa, Asia and America.
About NJSTC
„Oranta” The National Joint Stock Insurance Company «Oranta» was founded on November 25, 1921. Since then and till 1993 the Company was known under the name of „Ukrderzhstrakh”. As of today NJSIC „Oranta” is a powerful organization which has the largest representative network and provides exceptional accessibility of insurance services to widest sections of the population. The agents' network of the NJSIC „Oranta” is the most developed one in the country, it consists of about 7 thousands of employees, 535 representations, including 27 regional offices and 508 affiliates, agencies and branches all over Ukraine.Today we offer the market and consumers a new face of «Oranta», preserving good traditions of special concern for customers. The NJSIC «Oranta»'s offer on the market is over 50 kinds of insurance, which satisfy requirements of practically all the categories of customers. In addition to strengthening its positions in traditional segments, recently the NJSIC «Oranta» actively enters the market of major cities, masters new insurance products, particularly insurance of hunting weapons, agricultural enterprises, hazardous cargoes etc. The Company not only was the first to obtain licenses to these kinds of insurance, but also actively implements them in practice.For more information, please visit www.oranta.uaBack top news
