Charles Taylor InsureTech has been appointed to implement Fadata’s software solution for one of Latin America’s top insurers in five Latin American countries with the option to extend to four further countries.
InsureTech will also be providing ongoing systems support from its Centre of Excellence in Mexico City. This contract has firmly established InsureTech as one of the top insurance technology providers globally. Our client is one of the largest life, general and health insurers in Latam, which operates in nine countries in the region.
It has been running a multi year modernisation and transformation programme of its entire business to allow it to compete on the global insurance stage. The insurer was seeking a strategic partner to form a long term partnership to upgrade its core operating platform which is fundamental to the ongoing plans of the organisation.
InsureTech was selected to implement Fadata’s software solution after an exacting selection process. Our capabilities were evaluated in depth by the client’s risk, IT, procurement and legal teams. This was backed up by a detailed independent assessment of our capabilities by global technology research, advisory and consulting firm, Celent.
“Our clear long term commitment and investment into Latin America as well as our existing office network were important factors in our client’s decision. Additionally, our domain expertise coupled with our established Centre of Excellence and insurance clients in the region were instrumental in us winning the business,” said Jason Sahota, Charles Taylor InsureTech’s Chief Executive Officer. “This was underpinned by a positive independent assessment of our approach and capabilities by Celent.”