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Take the risk out of your core insurance system transformation to the digital world and be prepared for whatever comes next.

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Verisk’s FAST Wins Two Celent XCelent Awards for Advanced Technology, Versatility in Life and Annuity Administration

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NTT DATA Announces First Implementation of Global Insurance Digital Platform for F&G

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Verisk’s FAST Recognized as a Leader in 2021 Gartner® Magic Quadrant™ for Fourth Consecutive Year

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ISG Ranks Verisk’s FAST at the Top of the ‘Leader’ Quadrant Among U.S. Life and Retirement Insurance Platforms

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Verisk’s FAST Helps Pacific Life Launch New Variable Annuities, Increasing Speed to Market and Improving Customer Experience

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Verisk’s FAST platform marks its fourth straight year as a Leader in the Gartner Magic Quadrant™, for Individual and Group Life Insurance Policy Administration Systems in North America. Gartner has acknowledged FAST in the Magic Quadrant for the past six years. Our scalable technology can help modernize policy administration systems faster.

FAST Recognized as a Leader in 2021 Gartner® Magic Quadrant™ for Fourth Consecutive Year

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FAST and Amazon in the Cloud Together

FAST is a member of the AWS partner network. By leveraging AWS's secure and scalable infrastructure, FAST reduces the time to market, eliminating risk and lowering the cost of standing up and maintaining core insurance systems. FAST's SOA-based architecture enables customers to deploy any core insurance function as a complete suite of software or as a handful of microservices to complement their existing systems.

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Web Seminar: Simplifying Core Insurance Transformation with Microservices

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View this webinar to learn from Prudential and Novarica about some of the emerging trends with microservices. Find out how Prudential implemented a new core PAS in just six months, with six variations of their annuity products, and over 200 external integrations. Hear about how their approach enabled them to put out four new products in the first three months after going live.

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Learn how FAST takes the risk out of implementations to create a low barrier to entry and helps insurers prepare for the uncertainty of the future.

FAST has been named a Top Provider of Policy Administration solutions for 2020 by CIO Magazine.

FAST Tops the ‘Leader’ Quadrant Among U.S. Life and Retirement Insurance Platforms in ISG Report

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Verisk’s FAST platform won two of Celent’s 2021 XCelent Awards for individual policy administration systems (PAS) in North America. FAST won awards for Advanced Technology and Breadth of Functionality as it achieved the highest category—Luminary—in the Celent Technical Capability Matrix for North American PAS. See how FAST can accelerate your growth

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A Different Way of Thinking about Technology

FAST’s Software is made up of three key areas built to provide the ultimate in flexibility to support insurers legacy needs of the past 40 years, the modern demands of today, and is “legacy proofed” to prepare for the unknown future.

FAST Technology Platform
Underlying technology platform, built to meet the technical needs of insurers today and tomorrow. Contains a suite of configuration and automation combined with a microservice/event-driven architecture providing the ultimate in flexibility to drive consistency and rapid implementation.
FAST Insurance Components
Pre-configured, “out-of-the-box” insurance components, products and processes that perform all the functions typically found in “core systems” - New Business, Underwriting/Suitability, Policy Administration, Claims and Distribution Management.
FAST Cloud Services
FaaS (function as a service) for the most common insurance functionality. Hundreds of microservices, both standard and customized (through configuration tools) can be consumed by your own applications to provide the ultimate insurance toolkit in the cloud.

Customer Success

FAST has helped customers cut implementation times and costs down to a small fraction of traditional models. Customers have achieved tangible results for today while positioning for the future:

  • Averaging implementations in 3-6 months with a small agile team
  • Setting up products in just days
  • Innovating products and services
  • Providing business agility, scale, and the ability to pivot
  • Supporting business expansions such as direct to consumer, new product lines, and alternate distribution models
  • Driving operational efficiency and allowing users to work seamlessly

All of this is achieved while significantly lowering operational costs within and surrounding the core systems.

 

American Life Launches FAST Platform in "Record Time"

“We are extremely fortunate to have partnered with FAST. It is the best technology platform in the industry and their ability to quickly integrate into other systems and vendors is unmatched.  Their relationship with Amazon Web Services enabled us to become a fully cloud-based insurance company overnight, reducing our fixed costs, securing our clients’ data behind the industry’s best protection, and providing a full disaster recovery solution we could not replicate even at a multiple of the cost.”

Justin Oliver
Enterprise Architect of American Life

Reliance Standard Completes Conversion onto FAST Platform

“It made sense at this point to take advantage of FAST and its ability to handle both our past workload and expected future volumes.  The system has exceeded expectations for batch processing performance and has allowed us to better serve our agents and policy holders without adding additional staff.  It has also allowed us to sunset our legacy system and use one contemporary platform to manage our annuity business out into the future,” said Dave Whitehead, SVP, RSLI Retirement Services Products Marketing.”

Dave Whitehead
Senior Vice President of Reliance Standard Life Retirement Insurance Services Products Marketing

Amica Life Licenses FAST Insurance Components

“When we went through the selection process, in addition to its technology, what stood out about FAST was its Agile-based implementation approach and focus on continuous delivery of working software.”

Hamza Rafiq
Life Technology Services Officer at Amica Life

AAA Life Licenses FAST Insurance Components

“In our current environment, far too much of our spending on digital initiatives is allocated to retrofitting our legacy systems.  AAA Life selected FAST because its technical architecture and robust out-of-the-box functionality can allow us to reverse that equation and enable a digital transformation.”

Matt Scully
Vice President and Chief Information Officer at AAA Life

American Life Licenses FAST SaaS Solution as Core Platform

“In selecting a technology partner, we were keenly focused on finding a digital platform that would improve the customer experience and reduce operating costs. FAST’s SaaS offering allows us to accomplish our objectives, while also enabling a rapid implementation that gets us into the market quickly.”

Michael Salem
Chairman of American Life and Co-CEO of Vespoint, LLC

Amica Life Licenses FAST Insurance Components

“In selecting a core life system, we were keenly focused on the openness of the technical architecture and the ability to integrate to the broader ecosystem we are building as part of our digital initiative. We have an ambitious agenda, so it was important to find the most modern and flexible software components and partners out there.”

Andy Mudra
Vice President at Amica Life

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