EY has announced a new partnership with Fadata, a software provider that focuses on core insurance operational platforms, to help insurance companies drive improved business performance.
The alliance will combine EY UK’s experience in the insurance sector and facilitating large-scale business and technology transformations with Fadata’s INSIS platform to help insurers create innovative products, bring them to market faster, and distribute them through new digital channels.
The parties will looks to help insurers across various business areas including business management, insurance product lifecycle and the customer journey.
“We are delighted to formally announce EY UK’s alliance with Fadata,” said Peter Manchester, EY EMEIA Insurance Leader. “EY is one of the market leaders in business and digital transformation within the insurance industry, which the organisation achieves by collaborating with leading software providers like Fadata to unlock substantial value for EY clients and their customers.”
Rodney Bonnard, EY UK Insurance Leader, also commented: “In an increasingly digital and ‘on-demand’ world, it’s vital that insurers have the right tools at their disposal to meet customers’ changing needs.”
He continued: “The Fadata system not only gives insurers rich data analytics to help them offer more tailored products and services to their clients, but it also helps deliver significant cost efficiencies.”
“Fadata is committed to constant product improvement and adoption of the latest trends in the insurance industry,” added Fadata CEO Liselotte Munk. “Our technology capabilities combined with EY UK’s vast experience in the insurance sector and leading technology transformations will provide the comprehensive services required to help reduce the commercial and delivery risk for insurance clients.”