Sep 20, 2022
The partnership gives EFBL students real-life experience on Adacta's AdInsure, a leading insurance platform, in order to prepare them for the digital world.
Adacta and the Economic Faculty of Banja Luka today
announce a new partnership. This alliance will provide students with technology
and access to software used by insurance professionals, enabling them to work
with real-world data and prepare to enter the workforce.
"Closer collaboration between Adacta and EFBL will benefit the industry and individuals," says Boris Bajic, CEO of Adacta. "We look forward to helping future insurance professionals develop the skills they will need when they enter the real world and start serving clients."
Milenko Krajišnik, Dean of EFBL, also expressed his enthusiasm, saying: "Today's students need opportunities that accomplish more than impressing their teachers. They need experiences that show employers they're ready to tackle the challenges they will encounter once they start working."
The partnership between Adacta and EFBL offers several benefits. It will:
With several EFBL graduates working at Adacta, the partnership came together naturally. As part of the partnership, Adacta will give students access to its AdInsure insurance software, together with the modern IT equipment needed to support their professional development. It's the region's most popular insurance software, so students will enter the job market with hands-on experience. EFBL plans to integrate data and best practices from AdInsure into its course, lectures, and exercises beginning October 2022.
Adacta and EFBL signed a Letter of Intent (LOI) to prepare for the partnership. The LOI commits the two parties to work together toward a common goal that will benefit the school and insurance industry. The LOI also outlines key areas of cooperation, starting off with the onboarding of EFBLs professors and assistants, that will serve as the basis for the partnership's responsibilities.
Adacta is a leading software provider for the insurance industry. Its insurance platform – AdInsure – provides Life and P&C insurers with a future-proof way to streamline their operations and processes. Since 1989, Adacta has spent decades helping insurance organizations grow their digital capabilities and drive increased profit. Their mission is simple: Empower tomorrow's industry leaders to realize their potential through technology.
Faculty of Economics, University of Banja Luka, is a higher education institution focused on scientific teaching and research. The Faculty of Economics in Banja Luka was established on 6 February 1975. The Faculty evolved from the Department of the Faculty of Economics, University of Sarajevo, which began its operations on 1 November 1974. Today, upon the adoption of the Law on Higher Education of the Republic of Srpska, the Faculty possesses all necessary licenses and fully meets all necessary requirements prescribed by the law.