• FAST has been at the forefront of implementing Services Oriented Architecture (SOA) in the insurance industry. Using FAST Insurance Components in concert with FAST 8x, we can help you create and integrate new business capabilities and technologies with your enterprise architecture.

    • Achieve early benefits through rapid delivery of components
    • Reduces risk by using prebuilt logic from FAST and by leveraging your existing software assets
    • Our ability to quickly configure and build new software; coupled with our prebuilt components reduces cost
    • Experience and expertise implementing policy administration systems
  • FAST Insurance Components allow carriers to achieve legacy modernization without the cost and risk of "big bang" projects. Our plug and play approach delivers targeted as well as full end-to-end solutions for core functional areas.

    • Include pre-built components and services
    • Orchestrations for business process management
    • Pre-configured business rules that can be integrated as full applications
    • Components can be wrapped around your legacy system or can be used to overhaul the system piece by piece
  • FAST 8x is a software development framework that automates the development process and dramatically reduces the time required to build software.

    • Creates innovative and cutting edge software
    • Drives greater efficiency, at a fraction of the cost
    • Individual components can be deployed as standalone applications
    • Innovation is the key to success - our solution provides you with the business tools you need to succeed
  • With FAST, you can get the best of both worlds: best Policy Administration solution on the market – with more than 80 business processes from new business to claims; in a fraction of the time, cost, and risk.

    • Feature rich functionality and the best technology
    • Create innovative products and services
    • A system designed around business processes
    • A fresh approach for insurance companies looking to replace legacy systems, create new functionality or revitalize existing applications
  • We think it is fun to solve hard problems. Our entrepreneurial culture is comprised of a resourceful team, creative of people who have a vested interest in our clients' success.

    • Best architecture and technology on the market
    • Ultimate in configurability
    • Business process driven solution business partners love
    • Highly maintainable technology that provides "legacy avoidance"
    • FAST is "easy to do business with"
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FAST News

Global Bankers Licenses FAST for Policy Administration and Distribution Management

FAST will provide core system for life and annuities 

FAST, a leading software company for the life and annuity industry, announced today that Global Bankers Insurance Group has licensed FAST Insurance Components to support new business, policy administration, and distribution management for life and annuity products.    The solution is expected to play a pivotal role in Global Bankers’ strategy to boost operational efficiency through system modernization and consolidation.

“After assessing the leading software solutions in the market, we believed that FAST offered the best combination of functionality and technical architecture,” said Renga Appan, CEO and President of Eli Business Solutions.  “Overall cost of ownership and commitment to support our plans for achieving self-sufficiency were also important in the decision process and FAST had good answers here.”

“This is a long term strategic commitment for us, so it was very important that we picked the right partner to support our aggressive growth plans.  I think we have that in FAST,” said Joe Lurie, Chief Information Officer of Global Bankers Insurance Group.   “I’ve been pleased with the collaboration thus far between our firms that will be essential to our success.”

“Global Bankers has fairly ambitious plans for replacing its legacy systems,” said John Gorman, Chief Operating Officer at FAST.  “By embracing a pragmatic, Agile-based approach, we believe they can realize business value faster and deliver capabilities much more effectively.”

About Global Bankers Insurance Group

Global Bankers Insurance Group is a consortium of insurance and reinsurance companies, focusing on Life Insurance and Annuities. Some of its members include Colorado Bankers Life Insurance Company, Southland National Insurance Corporation and Mothe Life Insurance Company. Global Bankers Insurance Group is part of the of Eli Global federation of independent businesses, a privately-held consortium of over 50 autonomous companies serving a diversified range of industries including insurance, financial services, healthcare services, revenue cycle management, information technology, marketing and sales, publishing, distribution, market research, and business information.

About FAST

FAST, which stands for “Flexible Architecture, Simplified Technology,” is a privately-held company located in Edison, NJ founded by the former leaders of NaviSys. FAST focuses on solving the challenges our financial services and insurance clients face as they seek to modernize their systems environments or completely replace legacy systems.  Visit:  www.fasttechnology.com

Contact:

John Gorman, COO

FAST

732.513.1400 (cell)

732.235.0008 (office)

Tier One Carrier Licenses FAST for Life PAS

-FAST to enable innovation and rapid product introduction-

FAST, a leading software company for the life and annuity industry, announced today that one of the largest life insurance companies in the United States has licensed FAST’s Policy Administration platform to support its individual life insurance business.

The insurer selected FAST after a detailed due diligence process that included extensive hands-on analysis and benchmarking against other major PAS platforms.  Ease of product configuration and underlying technical architecture were major drivers.

“I was impressed with how deeply the insurer’s staff got into the details of the product configuration,” said Bob Grotyohann, chief actuary at FAST.  “This allowed them to see firsthand that even the most complex calculations like TAMRA and equity index interest are fully configurable and not coded, which speaks to the power of the system.”

“I’ve been really impressed by the creativity and top-down leadership the carrier is showing in addressing modernization.  It’s safe to say that our collective team has ‘bought in’ to an incremental Agile-based approach that will deliver value quickly,” said Tom Famularo, CEO of FAST. “I am pleased that FAST can play a role in enabling an industry leader to become more nimble and innovative.”

About FAST
FAST, which stands for “Flexible Architecture, Simplified Technology”, is a privately-held company located in Edison, NJ founded by the former leaders of NaviSys. FAST focuses on solving the challenges our financial services and insurance clients face as they seek to modernize their systems environments or completely replace legacy systems.  Visit:  www.fasttechnology.com

Media Contact:

FAST
John Gorman, COO
732-225-0008

FAST Holds First Customer Forum

More Than 20 Customer Attendees Gather to Share Experiences and Best Practices

FAST, a leading software company for the life and annuity industry, continued to demonstrate its commitment to customer success by hosting its first live customer forum.  More than 20 customer representatives collaborated on implementation best practices and provided feedback to help drive future development of the FAST platform.

At the event, attendees had the opportunity to learn more about how their peers are using the FAST software and build valuable relationships with each other.  Customers gained and shared valuable insights through interactive sessions and discussions of the amazing things they are doing with the software, while providing user feedback to help drive priorities for future product releases.

Ray Wasilewski, Chief Operating Officer, Life Companies with Farm Bureau Financial Services said at the forum, “We thank FAST for conducting this customer forum.  Events like this are really valuable for customers and my team got an incredible amount of value from it. We appreciate the courage and time investment these events take and we are looking forward to the next one.”

Gary Siegel, Executive Vice President, Delivery of FAST, said, “We are thrilled and humbled by the commitment our customers displayed throughout the event.  Their continued input is critical to our mutual success in building solutions that are unparalleled in the industry.  We look forward to working with our newly formed community throughout the coming months and years.”

About FAST

FAST, which stands for “Flexible Architecture, Simplified Technology,” is a privately-held company located in Edison, NJ founded by the former leaders of NaviSys. FAST focuses on solving the challenges our financial services and insurance clients face as they seek to modernize their systems environments or completely replace legacy systems.

 

Contacts

Media:
FAST
John Gorman, COO
732-225-0008
www.fasttechnology.com

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