Feb 09, 2023
Adacta, a leading software provider for the insurance industry, announced that it had been acknowledged as a Representative Vendor in the 2022 Gartner Market Guide for Non-Life Insurance Core Platforms, Europe.
With that, Adacta was recognized among 14 Representative Vendors in Europe, eight of which were also acknowledged in the 2021 Gartner® Magic Quadrant™ for Non-Life insurance platforms, Europe. Leading up to 2022, Adacta was recognized in the Gartner Market Quadrant for three consecutive years (2019, 2020 and 2021).
"We consider continuous inclusion as a viable vendor in the European Insurance Core Platforms market a great recognition of our business strategy. We believe it also serves as proof of commitment to provide our insurance clients with best-in-class software, allowing them to fast-track toward a data-driven and digitalized insurance industry's future. In just the past year, we have recorded great results with existing clients, expanded our portfolio with new alliances, and launched several major improvements to AdInsure. We became the first insurance platform vendor to support the Oracle-Microsoft multicloud. We’ve also released a new data analytics module and our own BI repository," said Boris Bajić, CEO of Adacta.
According to the report, "Non-Life insurance CIOs face a fragmented market of local and international vendors targeting European expansion, with differing architectures, deployment strategies and scale. CIOs can use this research to identify those vendors most relevant for supporting their core platform needs." According to the definition of the Gartner Market Guide, the guide helps “to manage the risk of investing in an emerging market with insight into its direction and potential, support the argument for allowing an emerging market to further evolve before making a commitment, and survey the types of provider options in the market and understand how offerings are likely to evolve.”
Adacta's AdInsure insurance platform supports insurers of all sizes and focuses on its mission to streamline business processes, improve user experience, and manage change effectively. The AdInsure for Non-Life insurance recognizes that serving users and clients remains crucial to maintaining insurers' growth and market position. The platform delivers an innovative environment that connects insurance organizations with emerging technologies, service providers, partners, and clients.
Gartner Market Guide for Non-Life Insurance Core Platforms, Europe, James Ingham, Sham Gill, 14 December 2022.
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The data in the 2022 Gartner Market Guide report has been reported directly by the vendors as of 31 December 2021.
Full report is available on Gartner's website.