Iselin, NJ, August 14, 2019 –FAST continues to leapfrog the competition through Gartner’s Magic Quadrant for Life Insurance Policy Admin Systems, North America. FAST was first recognized in Gartner’s 2015 Magic Quadrant and after only three years became the youngest company to make Gartner’s leadership quadrant (upper-right).
During the four year time frame, a few companies have disappeared from the Magic Quadrant and most have either declined or stayed the same. Even after breaking into the leadership quadrant, FAST has continued to leapfrog the competition. “We’re very excited about our position and how far we’ve gotten here”, said Tom Famularo, CEO of FAST. “Considering that the market places a high emphasis on size of company, other ancillary external offerings, and how long a company has been around, FAST is that much more proud of its accomplishments.”
Mark Cummings, VP of Business Development, commented “The market clearly agrees with Gartner’s assessment of the rapid growth of FAST. We have almost become the default choice for insurance carriers looking to position themselves for the future by addressing their foundational core systems.” In this crowded field of strong competitors, over the past two years, FAST has had a sales selection win-rate over 85%.
FAST is up for the challenge to maintain its momentum through Gartner’s Magic Quadrant and will continue to work hard to eliminate risk from customer implementations and provide the platform of the future. To see the 2019 Gartner report, click here.