Jun 14, 2023
Ljubljana, Amsterdam, 13 June 2023 — Adacta, a leading insurance software provider, has been identified as a “Leader” across two categories in the ISG’s Provider Lens™ Insurance Platform Solutions Quadrant 2023, first being the Life and Retirement Insurance Platform Solutions, Europe, and Property & Casualty Insurance Platform Solutions, Europe.
ISG (Information Services Group), the leading global technology research and advisory firm, published the ISG Provider Lens™ Insurance Platform Solutions Quadrant 2023 study, comparing vendor strengths, challenges, and competitive differentiators. The research evaluated insurance platform solutions across the US and European markets and was based on a comprehensive research methodology that assessed various factors, including portfolio attractiveness and competitive strength, market position, brand reputation, and core competencies.
This marks the first time ISG has selected and included Adacta in its research series. Commenting on the acknowledgement, Boris Bajić, Chief Executive Officer of Adacta, stated: "We are delighted to be recognized for our vision and capabilities in both Life and Retirement and P&C Insurance Platform Solutions. This recognition is a testament to our commitment to providing insurers with a transformative software solution that combines business functionality and technological prowess. "
Adacta's AdInsure for Life and Retirement Insurance Platform Solution key strengths cited by experts in the ISG’s Provider Lens™ Insurance Platform Solutions Quadrant 2023 study include standardized capabilities based on industry best practices, enabling insurers to easily customize modules and make necessary adjustments to meet specific requirements, cloud-ready architecture that empowers insurers to effectively manage or migrate their product portfolio to the cloud, and quick implementation of changes without the need for source code modifications or vendor assistance.
The ISG analysts also praised AdInsure for its Property and Casualty (P&C) Insurance Solutions. Reported key strengths include comprehensive non-life insurance coverage, productivity tools for all P&C teams that streamline processes across sales, underwriting, policy management, claims, accounting, and reinsurance, and lastly a digital-first user experience with a customized and user-friendly workplace for agents, that supports end-to-end P&C insurance claims, rapid product creation, and change management.
The ISG Provider Lens™ Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG’s global advisory team. ISG's comprehensive research methodology allows it to deliver in-depth evaluations and valuable insights for businesses. The evaluation process consists of two main axes: the Y axis, Portfolio Attractiveness, considers the scope and quality of the portfolio, while the X axis, Competitive Strength, focuses on assessing the market position, brand reputation, core competencies, and go-to-market strategies. Factors such as revenues, client base, full-time employees, growth indicators, recent deals won, delivery locations, brand awareness, website quality, social media presence, awards and accolades, advisor inputs, and customer satisfaction also contribute to the evaluation.
To access the full study, please visit https://resources.adacta-fintech.com/isg-report.
ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 800 clients, including more than 75 of the world's top 100 enterprises, ISG is committed to helping corporations, public sector organisations, and service and technology providers achieve operational excellence and faster growth. The firm specialises in digital transformation services, including automation, cloud and data analytics, sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. For more information, visit www.isg-one.com.
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. For more information, visit www.adacta-fintech.com.
The AdInsure insurance platform is the digital foundation insurance businesses need to keep up with industry changes. It connects and supports all the insurance teams, helping them work smarter, launch faster, and provide modern customer experiences. Built around industry best practices, AdInsure combines comprehensive features in a single, unified platform. It delivers an innovative environment that connects insurance organizations with emerging technologies, service providers, partners, and clients. For more information, visit http://www.adacta-fintech.com/platform.