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On 23rd of August, 2011 Fadata and Tryg signed a contract for implementation of Fadata flagman product INSIS in all of Tryg subsidiaries in the Nordic region

On 23rd of August, 2011 Fadata and Tryg signed a contract for implementation of INSIS - integrated insurance solution for General insurance - in Tryg companies in Denmark, Norway, Sweden and Finland. The scope of the project also includes implementation of several Oracle Applications, as well as integrations with third-party systems. INSIS implementation is in line with Tryg business strategy of creating a common Nordic platform.

“Based on a very extensive selection process we have decided to partner with Fadata as the company has shown very strong commitment to the project and profound knowledge of both IT and the insurance business. Fadata flagman product INSIS is a highly configurable solution, build on latest technologies that best fit to Tryg target picture and business requirements. INSIS is expected to streamline our organisation and reduce our company expenditures. “, says Espen Opedal, CIO of Tryg.

” We are proud that we have been selected by Tryg – one of the biggest players in the Nordic region, and both honoured and exited to be part of Tryg transition process. We are strongly dedicated to this multi-year partnership agreement and looking forward to the successful implementation of INSIS first in Finland and later on in the other Tryg companies in the Nordic region.”, added Anri Levi, CEO of Fadata.

Currently, the Fadata Solution project is in a phase of collecting requirements and mapping the systems functionality and during the next stage, the solution will be designed, configured and tested. According to plan, the system will be ready for user acceptance tests in Finland in the beginning of 2013.

About Tryg
Tryg wants to be perceived as the leading peace-of-mind provider in the Nordic region. We work on removing worries from our customers’ lives. In 2010, our more than 4,300 employees provided peace of mind for more than 2.7 million private customers and more than 140,000 businesses. With gross premiums earned of DKK 19.5 billion in 2010, Tryg is the second-largest general insurer in the Nordic region. We are the largest player in Denmark and Norway’s third largest player. We are growing rapidly in both Finland and Sweden. In Sweden, we operate under the name Moderna. Tryg is listed on Nasdaq OMX Copenhagen and is part of the C20 index. In addition, as a company taking social responsibility, Tryg is also listed on the FTSE4Good Index. See also www.tryg.com.

About Fadata AD
Established in 1990, Fadata is a leading provider of software solutions for insurance companies worldwide. Its flagman product INSIS (INSurance Integrated Solution) has customers in Portugal, France, Dubai, Bahrain, Bulgaria, Romania, Ukraine, Russia, Kazakhstan, Azerbaijan, Columbia, Ethiopia, Estonia, Spain, Denmark, Poland, USA, Slovakia and Hungary. As an Oracle Gold 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, Argentina, Dubai and Thailand. www.fadata.eu