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 provides an alternative to traditional large monolithic packaged systems to solve legacy core challenges. FAST Insurance Components are the industry’s first complete suite of business process driven software components that are pre-configured and pre-integrated “out-of-the-box” for full policy lifecycle with true straight-through-processing.
Functional reusable 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
FAST is considered to be the most modern technology platform on the market.
Check out what our platform consists of:
Our applications span the breadth and depth of the life insurance and annuity policy lifecycle, and with minor setup can be used directly out of the box.
Limitless Flexibility for Innovation
Business users can build new product ideas and structures, or create and automate entire business processes, all without touching a single line of software code.
Speed and Agility
We provide the tools and a proprietary process to help customers set up and integrate the software and put up new products up to 8-12 times faster than traditional models.
Adaptable and Future-Proof
Independent, interchangeable components and microservices with data and business logic abstracted away allow for continuous upgrades of apps and technology to always be ready for what is next.
SOA / Microservices
World’s first truly componentized SOA based insurance platform built from the ground up with microservices in mind
FAST provides both an open insurance framework that allows for true “plug-and-play” and world class out-of-the-box functional components for all core insurance processes
Configurability / Data Driven
Business process driven components with separation of orchestrations, user interface, web services, model, rules, calculations, and data
Continuous upgrade model; most customers are running a common version of core code, but still have flexibility to manage their own schedules
Automation / DevOps
We automate anything that can be automated – including testing, deployments, and continuous integration
Provides choices of technology stacks (languages, application architecture, infrastructure, etc.) that are based on standards: No proprietary 4GLs, scripting languages or legacy programming languages to learn