Oct 05, 2023
Adacta, a leading insurance solutions provider, announced its expansion into Germany, to reinforce support for its existing clients, and empower German Insurance Providers and Intermediaries with modern cloud-based solutions that can accelerate their journey toward digitalization. The new office in Hannover will be headed by Michael Breidenband, whose experience in insurance, consulting, and IT industries will drive Adacta’s efforts in the German market.
Adacta, a leading provider of enterprise software solutions, has announced the opening of its office in Hannover to expand its operations in Germany. Adacta has emerged as a trustworthy and innovative leader in the EMEA region, earning recognition and accolades from prestigious global research and advisory firms, including Gartner, Celent, and ISG. The German operations will be led by Michael Breidenband, a seasoned business leader who will be instrumental in bringing Adacta’s plans for Germany to life.
"We see immense opportunities for growth and innovation in the German Market,"
says Michael Breidenband, Country Manager at Adacta Germany.
"Our target market segments are P&C insurers and industrial brokers as well as commercial insurers with a particular focus on companies looking for a complete core system suite capable of replacing monolithic legacy systems."
With an eye on enhancing its presence in the German market, Adacta is already proud to serve two clients in the country and is committed to bolstering its support services. The local team in Germany will provide active support and implementation consulting, while maintaining compliance with German legislation.
At the same time, the company is gearing up to expand its footprint in the country with AdInsure, its unique modern, flexible, and adaptable Insurance platform. AdInsure is a comprehensive full-stack platform engineered to empower clients to navigate digitalization challenges and facilitate their transition to cloud-based operations. This makes it a particularly appealing choice for property and casualty insurers seeking to replace solutions built from disparate modules with an integrated alternative delivered at an attractive price.
AdInsure's value is emphasized by international analysts, with Gartner featuring AdInsure for Non-Life insurance in its Magic Quadrant since 2019 and Celent bestowing AdInsure for Life Insurance with the XCelent Award for Advanced Technology for two consecutive years. ISG, too, has recognized Adacta as a top provider in the insurance industry, positioning both AdInsure Solutions as leaders in their respective markets.
In an effort to better serve the unique needs of the German market, Adacta has, in addition to AdInsure Non-Life and Life, developed two specific solutions that can deliver value quickly and effectively. Adlnsure for Commercial Insurers and Adlnsure for Industrial Brokers will drive digital transformation initiatives for players in these increasingly competitive market segments.
The opening of the subsidiary marks the initial step in Adacta's entry into the German market. The company is actively seeking partners to resell, support, and implement its solutions. Additionally, Adacta is in the process of recruiting new talent who will contribute to the development of business strategies and provide enhanced in-country support.
In the words of Michael Breidenband:
"We are excited to embark on this journey in Germany, and our team is dedicated to delivering cutting-edge solutions and unparalleled support to our clients. Together, we'll shape the future of insurance in Germany."
"The journey to expand into Germany represents a significant milestone for Adacta. Over the years, we've established ourselves as a trusted and innovative leader in the EMEA region, and we are executing our DACH region expansion plans,"
says Boris Bajic, CEO of Adacta.
"We have demonstrated our ability to work with clients in Germany, and opening this office is a clear signal that we are going to do even more to ensure our platform serves the German market.”