• 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"
Are you really evolving? Watch now!

FAST Careers

FAST is always on the lookout for top talent. If you enjoy solving complex problems and want to be part of building what analysts have described as "the next big thing," FAST might be the perfect fit for you.

View Careers »

FAST News

FAST’s Industry Transformative Capabilities Highlighted at IASA

–FAST Revealed Market Leading Success Stories and Debuted Revolutionary New Capabilities –

The 2015 IASA Conference provided a great opportunity for FAST to showcase our feature-rich application, which provides end-to-end capabilities, highlights current project success stories, and meets with both current and prospective clients.IASA 2015

FAST debuted revolutionary auto-upgrade capabilities at the conference.  Live demonstrations allowed carriers to experience a visual representation of changes between a current site’s configuration and the cloud-based central repository.  This capability allows product development teams to browse by business use case and require the incremental selections that they may want to introduce into their environments to speed up the introduction of new insurance features, or promote back into the FAST central template repository something to be shared among the client community.  All done visually, real-time, and systematically through the graphical Composer configuration console.

Jenn Brugger, director from American Family, presented a case study of their 8-month implementation using a small core team, an elite group of vendors, and transformational approaches.  Kevin Walma introduced characteristics of modern systems, proven methodology best practices, and business aligned solutions.  Please contact Sarah Bogan at sbogan@fasttechnology.com if you would like to receive a copy of the presentation.

As a continued commitment to supporting our community, this year’s booth giveaway was a $500 donation to the winner’s choice.  We’re happy to announce that Patty Warmbrodt’s name was selected.  A $500 donation will be given to Wounded Warrior project in honor of her son, Matthew Warmbrodt, who is currently serving as a military policeman in the army.

FAST is looking forward to continued participation in IASA.  We are working within the IASA organization of our peer companies to drive more life and annuity focused content and attendees.

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)

732.238.0005 (office)

About Wounded Warrior Project

Wounded Warrior Project is a charity and veterans service organization that offers a variety of programs, service and events for wounded veterans of the military actions following the events of September 11, 2001. It operates as a nonprofit 501C organization.

FAST Insurance Components Processes Ten Million Insurance Policies for Less Than Forty Dollars

Breakthrough insurance cloud processing capability processes 1.6 million transactions per hour

Edison, NJ – June 8, 2015.  FAST Insurance Components demonstrated breakthrough cloud processing capability by the processing of 1.6 million transactions (including premiums, withdrawals, and anniversaries) in one hour.  The test was executed on the Amazon Web Services (AWS) Cloud and peer observed by an independent Fortune 500 consulting company.

FAST’s architecture is designed to leverage the tremendous flexibility of enterprise-class cloud offerings. These servers provide additional capacity for horizontal scaling in real-time, which allows insurers to dynamically adjust the environment to the current workload.

“AWS provides low cost on-demand cloud services to process a 10 million policy block in an hour for less than 40 dollars,” said Mike Murphy, senior infrastructure architect at FAST.

“FAST is changing the competitive landscape of our industry,” FAST CEO Tom Famularo explained. “We’ve proven that we can provide strategic solutions and competitive advantage for even the largest of carriers.”

The test was conducted on AWS, leveraging commodity servers horizontally and vertically scaled in order to maintain the one hour SLA.

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)

732.225.0008 (office)

Reliance Standard Life Insurance Company Licenses FAST as Strategic Annuity Platform

FAST will provide PAS, new business and distribution management for annuity business

 Edison, NJ – May 19, 2015.  FAST announced today that Reliance Standard Life Insurance Company (Reliance Standard) has licensed FAST Insurance Components to serve as the core system for new business, policy administration and distribution management for its thriving annuity business.  The solution is being implemented as part of a strategic modernization initiative including improvements in technology, process and service delivery.

“Our goal with this initiative is to implement a modern platform that will enable growth and innovation in Reliance Standard’s business for years to come, so we were laser focused on finding the right partner,” said Dan Falkenstein, senior vice president and chief information officer of Reliance Standard.  “Naturally, functionality and architecture were key factors in making the selection, but we also put a lot of emphasis on the people we would be working with.  In this regard FAST emerged as an ideal partner during our assessment process.”

“At FAST, we look to work with innovative insurance companies who share our vision for the role of technology as well as its ability to strategically create business value now and in the future,” said Tom Famularo, chief executive officer of FAST.  “I’m pleased Reliance Standard selected us and we’re looking forward to delivering a fantastic solution with them.”

“Historically, carriers have been reluctant to move to a more modern technology platform because of the inherent cost and risk.  However, modern technology, agile implementation processes and increased business demands are changing the balance in favor of carriers taking on these challenges.  It’s exciting to see carriers truly transforming their business and underlying technology,” said Tom Scales, research director in the insurance practice at Celent.

About Reliance Standard Life Insurance Company

Reliance Standard Life Insurance Company (Reliance Standard) is a leading insurance carrier specializing in innovative and flexible employee benefits solutions including disability income and group term life insurance, a suite of Voluntary (employee paid) coverage options and, with sister company Matrix Absence Management, a fully integrated absence management program. Reliance Standard markets these solutions through independent brokers and agents to employers of all sizes. Rated A+ (Superior) by A.M. Best, Reliance Standard celebrated its centennial year in 2006.

Reliance Standard Life Insurance Company provides insurance products and services in all states (except New York), the District of Columbia, Puerto Rico and the U.S. Virgin Islands. In New York, insurance products and services are provided through First Reliance Standard Life Insurance Company, home office: New York, N.Y. Product availability and features may vary by state.

Both Reliance Standard and Matrix are members of the Tokio Marine Group. Tokio Marine Holdings, Inc., the ultimate holding company of the Tokio Marine Group, is incorporated in Japan and is listed on the Tokyo Stock Exchange. The Tokio Marine Group operates in the property and casualty insurance, reinsurance and life insurance sectors globally. The Group’s main operating subsidiary, Tokio Marine & Nichido Fire (TMNF), was founded in 1879 and is the oldest and leading property and casualty insurer in Japan.

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)

732.225.0008 (office)

American Family in Production with FAST Platform

Eight month PAS implementation enables innovation 

Edison, NJ – April 15, 2015.  FAST announced today that American Family Life Insurance Company is in production with FAST Insurance Components for new business processing and policy administration.  The implementation, which enabled the launch of a new life insurance product, was completed in eight months.  Leveraging FAST’s services oriented architecture, the solution includes extensive real-time integration.

“Our commitment to innovate is driven by our customers, which means having the systems, processes and people to address their changing needs and preferences,” said Jim Maastricht, associate vice president at American Family. “Creating a new technology ecosystem, and effectively implementing it using a more streamlined approach, is an important and exciting part of that effort.”

“American Family pretty much did all of the things we would advocate to have a successful project,” said John Gorman, chief operating officer at FAST.  “Using a very small team, they had heavily engaged executive management, extremely pragmatic decision making and a commitment to the Agile process.  This will provide an excellent case study and a model for others to follow.”

“By leveraging Agile implementation methodologies coupled with modern technology for implementing PAS platforms, carriers are achieving results that before would have seemed unimaginable,” said Tom Scales, Celent research director.  “It’s great to see carriers innovating their processes and technology simultaneously.”

About American Family

Based in Madison, Wis., American Family Insurance offers auto insurancehomeowners insurancelife insurancebusiness and farm/ranch insurance in 19 states. American Family insurance is the nation’s third-largest mutual property/casualty insurance company and ranks 373rd on the Fortune 500 list. Learn more at www.amfam.com

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)
732.238.0005 (office)
Insurance Networking News: In 10 Months, National Life Rolls Out Policy Admin Revamp

Reposted from : Insurance Networking News

The life insurance carrier credits Agile development with helping it get a line of business live on the FAST platform less than a year after selection.

INN Breaking News March 20, 2015

Nathan Golia

While many insurance policy adminstration projects get bogged down, National Life Group (NLG) announced today that it is in produciton on FAST Insurance Components for new business processing and policy administration less than a year after choosing the vendor.

The launch, which included extensive SOA-based integration, according to the companies, was developed and implemented within 10 months using an Agile-based methodology.

“It was very rewarding to see the true collaboration between NLG and FAST under the direction of Eric Plasse, vice president of NLG’s Business Delivery Office,” says Ruth Smith, executive vice president for protection at National Life Group. “Together our respective teams were able to rethink our business models and execute innovative, streamlined approaches to processing our business.”

National Life is in the midst of refreshing many of its systems. The company implemented Insurance Technologies’ FireSight illustration platform for its agents last year.

“It’s a great example of the way technology can and should enable new thinking,” says Matthew Josefowicz, president and CEO of Novarica.

National Life Group Goes Live with FAST Platform

Broad scope PAS and new business platform implemented in 10 months 

 

Edison, NJ – March 20, 2015.  FAST announced today that National Life Group® (NLG) is in production with a permanent life insurance product using  FAST Insurance Components for new business processing and after issue policy administration.  The launch, which included extensive SOA-based integration was developed and implemented within 10 months using an Agile-based methodology leveraged by focused collaboration between NLG and FAST teams.

 

“NLG believes that technology can be a strategic enabler of innovation,” said Nimesh Mehta, chief technology officer of National Life Group.  “This initiative is giving us a firm base upon which to build as we look to innovate more in the future.”

 

“It was very rewarding to see the true collaboration between NLG and FAST under the direction of Eric Plasse, vice president of NLG’s Business Delivery Office,” added Ruth Smith, executive vice president for protection at National Life Group.  “Together our respective teams were able to rethink our business models and execute innovative, streamlined approaches to processing our business.”

 

“It’s exciting to see NLG using our software to transform their business,” said Tom Famularo, chief executive officer of FAST.  “As much as I would love to attribute the success of this project to the software, that’s really only part of the equation.  The big ‘X factor’ is having a customer who is driven and committed – and we had that here for sure.”

 

“What I like about this project is the reengineering that went into it,” said Matthew Josefowicz, president and CEO of Novarica.  “It’s a great example of the way technology can and should enable new thinking.”

About National Life Group

National Life Group® is a trade name of National Life Insurance Company, Montpelier, VT, Life Insurance Company of the Southwest (LSW), Addison, TX and their affiliates. Each company of National Life Group is solely responsible for its own financial condition and contractual obligations. LSW is not an authorized insurer in New York and does not conduct insurance business in New York. Visit:  www.nationallifegroup.com

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)

732.238.0005 (office)

FAST Sends Girl Scout Cookies to Deployed US Troops

Donation Made on Behalf of All Associates

In recognition of the sacrifice and commitment of the armed forces, FAST is sponsoring the Girl Scout Gift of Caring Program by sending 250 boxes of Girl Scout Cookies to deployedmilitary troops.

The Gift of Caring service project provides comfort to military personnel while supporting local Girl Scouts. Once the cost of the cookies is covered, 100% of the proceeds stay in the community to fund Girl Scout activities and community service projects.  In 2014, over 130,000 boxes were sent to US troops.

“Our armed forces and their families sacrifice so much for us to live our ordinary lives. I can’t help but smile thinking about bringing a little piece of home to each service member.” Sarah Bogan, Director of Strategic Alliances.

“By sponsoring the Gifts of Caring Program, we are able to support two great causes simultaneously.  As a former Girl Scout Gold Award Recipient, I could not be prouder.” Stephanie Prats, FAST’s financial analyst.

The girl scouts mission is to build girls of courage, confidence, and character, who make the world a better place.  Girl Scouting provides girls with opportunities for fun and friendship while fostering the development of leadership skills and self-esteem.

The Girl Scout Gold Award recipients are part of an elite group of women who embody community leadership leaving behind a sustainable legacy. 

Life & Annuity Veterans and Technology Innovators Join FAST

FAST is pleased to announce the addition of four seasoned industry veterans, Kevin Walma, Rob Kischell, Adam Albano, and Rich Yeni to FAST.  Their arrival positions FAST for growth by expanding FAST’s product development, delivery and sales expertise and capabilities.

Kevin Walma is the Head of Product Strategy at FAST. Kevin is focused on strategic Product direction, design and architecture. Most recently, Kevin held the role as CIO for Adminovate guiding the company’s start-up and initial product development.  Prior to that, Kevin led Product Development for AdminServer until the Oracle acquisition of AdminServer when his role expanded to include the full suite of Oracle insurance solutions.

Rob Kischell is a business architect with over 18 years of experience in the Individual and Group Life and Annuity Industry. Prior to joining FAST, Rob was a Senior Business Consultant/Architect with Majesco Mastek/SEG Software, where his responsibilities included development and design for core products, solution work and managing large customer delivery projects. He has been involved in all aspects of software design, development and implementation.

Adam Albano is a project manager with over 13 years of consulting experience in insurance, project management and software implementation.  Prior to FAST, Adam worked as a Senior Manager at Accenture with the Accenture Life Insurance Platform.

Richard Yeni is the VP of Sales.  Prior to FAST, Rich was the Chief Business Development Officer at Adminovate and the Sales Director at AdminServer.  Having worked in 27 countries, Rich has robust global sales and international product development experience.

FAST CEO, Tom Famularo, stated “Historically, policy administration systems have been transactional.  Our goal is to elevate the role of core enterprise systems to be a strategic enabler for our clients and ultimately change the way business is done.  Strategically adding resources like Kevin, Rob, Adam and Rich moves FAST one step closer to achieving that goal.”

 

FAST Grows Executive Team with Addition of Bill Bolton

Edison, New Jersey. FAST, a leading life and annuity policy administration vendor, has announced the addition of Bill Bolton to their executive team.  In his new position as Senior Vice President, Bill will be spearheading client delivery.

Bolton is a seasoned executive with a track record of over 40 successful implementations among tier one and tier two carriers.  Prior to joining FAST, Bill was Chief Operating Officer at Adminovate.

In 1993, Bill co-founded Barton and Bolton Associates where he designed, developed, and successfully deployed the North American market leading product for pricing and trading variable insurance products, Unit Value Trade System. The application is still in production today and boasts a highly satisfied client base.

Commenting on the appointment of Bolton, Tom Famularo, CEO of FAST said, “Bill is a transformational leader with extensive delivery experience.  His addition to our executive team reflects our continued commitment to delivering world class products and services to our clients.”

“I’m very excited about the opportunity to become part of the FAST team. With their superior technology, knowledgeable resources, and vision for the future I feel it is an excellent fit.  Tom has put together an exceptional team and I’m glad to be a part of it,” beamed Bill.

About FAST

FAST is an enterprise software company focused on the insurance industry. FAST Insurance Components provide a complete suite of business process driven software that deliver targeted and end-to-end solutions for new business, policy administration, product management, billing, claims, and distribution. FAST helps insurance carriers efficiently modernize legacy environments, and uses award-winning technology to deliver innovation at a fraction of conventional system cost and risk.

For more information, please visit us on the Web at www.fasttechnology.com.

Contact

Richard A. Yeni

Vice President of Sales
FAST
Phone: +1-917-513-9100
ryeni@fasttechnology.com

FAST’s Annual End of Year Meeting Celebrates 2014 Successes

Herjavec keynote underscores corporate mission

On December 18th, the FAST team gathered in Edison to celebrate a year of successes at FAST’s annual review meeting.

CEO Tom Famularo and COO John Gorman highlighted FAST’s impressive accomplishments in 2014.   Exceeding forecasts, the company doubled in size in 2014 and added numerous top level industry experts, including some from FAST’s closest competitors. While FAST has continued to expand, customer delivery has remained the #1 priority.

Robert-TomAs the keynote speaker, CEO of Herjavec Group, best-selling author, and Shark Tank investor, Robert Herjavec intertwined personal anecdotes with astute observations on the direction of the technology industry and the unlimited opportunities available to FAST employees in an engaging hour-long speech.

Drawing on his experience as a successful businessman with his fair share of failure, Herjavec revealed how fortunate FAST is to be in an industry of unlimited opportunity. Giving a number of vivid examples from his own life, he highlighted how dramatically the technology industry has changed over the past few decades and the eminent trends that will soon emerge. He encouraged attendees to recognize that, if they could embrace change and constantly evolve, the opportunities available to them, not only in the industry but at FAST, are endless. Herjavec also intimated the audience on his ten tips for success that could easily be applied to FAST’s continued success and growth.

“Speaking with many of our employees after the session, it was clear that everyone was infected with Robert’s enthusiasm and enthralled by his expertise. By drawing on our achievements over the past year, it is clear that we too can achieve our goals as we enter 2015 and continue to reshape the industry by following Robert’s example of hard work, entrepreneurial drive, and the desire to seize on the opportunities the industry provides us,” remarked John Gorman, COO at FAST.

Tom Famularo, CEO stated, “This year’s results speak for themselves.  FAST’s technology is positioned to truly transform the industry.  We continue to onboard and develop the top industry talent.  In fact, I would gladly line up my top 50 resources against any competitor in the industry.”

As the perfect close to a day of celebrations, FAST employees and consultants enjoyed a New York harbor evening tour aboard the Rendezvous.

About FAST

FAST Insurance Components is an award winning, core insurance technology solution based in North America.  FAST helps companies transform their business by providing end to end administration capabilities including policy administration, product management, new business, billing, claims, and distribution.

For more information, please visit us on the Web at www.fasttechnology.com, or call 732-225-0008.

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