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Fadata is sponsor of the 8th IT in Insurance Conference in Thailand

This year Fadata is amongst the sponsors of the 8th IT in Insurance conference, which will be held from 12-14 March 2010 in Dusit Thani Hotel, Thailand. The conference, organized by the Thai General Insurance Association, is an annual event that gathers together IT executives and insurance specialists from the leading insurance companies in the country.

"For Fadata, participation in the conference will be an official presentation of the company on the Thai insurance market, although our company and flagman product INSIS are already known to some of the key players. Fadata has local representative in Thailand for almost a year now and we foresee very good opportunities for our business operations in Thailand and in Asia in general", commented Mr. Anry Levy, CEO of Fadata AD.

By the information from the Office of the Thai Insurance Commission, Thailand's insurance industry is gearing for 15% growth this year to the total value estimated at 424.12 billion baht (US$12.7billion), based on y/y value of total written premiums. The life sector accounts for 305.08 billion baht, while the non-life for 119.04 billion baht. Life insurance is projected to grow by 15-20% this year, while the non-life sector is expected to post 6-9% growth.

About Fadata AD

Established in 1990, Fadata is a leading provider of software solutions for insurance companies worldwide. Its flagman product INSIS (INSurance Integrated System) has customers in Portugal, France, Dubai, Bahrain, Bulgaria, Romania, Ukraine, Russia, Kazakhstan, Azerbaijan, Columbia, Ethiopia, Estonia, USA, Slovakia and Hungary.

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, Serbia, Russia and Portugal, Fadata also has a global distribution and partners’ network in more than 20 countries, which provides service to over 110 customers worldwide. Until the end of the year Fadata plans to open subsidiaries also in Spain, Dubai and Thailand.