Insurance Components

Pre-configured and pre-integrated “out-of-the-box”

Functional re-usable components designed to be plug and play and shared across applications as an alternative to traditional monolithic applications

FAST Insurance Components

As an alternative to large packaged vendor systems to solve legacy core challenges, FAST provides the insurance industry’s first complete suite of business processes. Our driven software components are pre-configured and pre-integrated “out-of-the-box”, with full policy lifecycle and straight-through-processing across traditional applications and LOBs for insurance.

  • Functional re-usable components (software and configuration) designed to be plug and play and shared across applications as an alternative to traditional monolithic applications
  • Deep product support and processing for all forms of L&A - more than 300 use cases and 3,000 system requirements for UL/IUL/VUL, Term, Whole Life, ISWL, fixed annuities, variable annuities, indexed annuities, deferred/immediate, and flex/single premium products
  • Straight-through-processing for insurance across entire insurance value chain(from new business through claims, including distribution management)
  • Seamless processes that also integrate external sources for all lines of business
  • All transactions can be automated in real-time or are workflow driven from paper, call center, or digital requests
  • Support for P&C specialty lines, usage based, microinsurance, and hybrid products
  • Zero-programming support for all insurance products and transaction processes
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FAST takes the risk out of implementation and offers a solution that provides the ultimate flexibility to create insurance products.

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