–Cited for “pushing the envelope of insurance beyond digital”–
Iselin, NJ, April 19, 2019 – FAST, a leading software company for the life and annuity industry, announced that Insurance CIO Outlook magazine has named FAST as one of the “Top 10 Policy Administration Solution Providers – 2019” in its March 2019 issue. FAST was featured in the cover story of the same issue. To create the Top 10 list of most promising platforms, Insurance CIO Outlook’s editorial board conducted comprehensive research.
According to Insurance CIO Outlook, “A fusion of robust software solution and deep expertise in technology and insurance processing, FAST is on a mission to redefine the traditional insurance norms and practices, helping insurers prepare for the future.” The article also paints futuristic scenarios crossing the boundaries of typical insurance products by combining elements of life, disability, standard P&C, and specialty lines as micro-insurance or usage-based insurance products and how the flexibility of FAST can support this.
The article also noted that “staying true to its name, FAST, with the help of its complete suite of business process driven pre-configured software components and an agile development methodology, takes the risk out of implementations and offers a solution that is flexible to create innovative insurance products, automate business processes and reduce the time taken to future-proof insurance software”
“I always hear from people that ‘it sounds too good to be true’. I believe no other company in the history of the insurance industry has ever been able to do what we have continuously done with our customers, so it’s great to get more recognition,” said Tom Famularo, FAST’s CEO. “The proof is in the results.”