Get Agile. Go FAST.
Take the risk out of your core insurance system transformation to the digital world and be prepared for whatever comes next.
Take the risk out of your core insurance system transformation to the digital world and be prepared for whatever comes next.
NEW
NTT DATA and FAST to Help Life Insurers Scale Innovation, Improve Customer Experience
NEW
NTT DATA and FAST to Help Life Insurers Scale Innovation, Improve Customer Experience
For the third consecutive year, FAST was recognized by Gartner in the August 2020 edition of Magic Quadrant as a Leader for Life Insurance policy administration systems in North America for its completeness of vision and ability to execute.
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.
Learn MoreView 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.
FAST has been named a Top Provider of Policy Administration solutions for 2020 by CIO Magazine.
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 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:
All of this is achieved while significantly lowering operational costs within and surrounding the core systems.
“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.”
“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.”
“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.”
“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.”
“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.”
“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.”
FAST is a Verisk business