EDISON, N.J.--(BUSINESS WIRE)--FAST announced today that National Life Group® (NLG) is in production with a permanent life insurance product using FAST Insurance Components for new business processing and after issue policy administration. The launch, which included extensive SOA-based integration was developed and implemented within 10 months using an Agile-based methodology leveraged by focused collaboration between NLG and FAST teams.
“NLG believes that technology can be a strategic enabler of innovation,” said Nimesh Mehta, chief technology officer of National Life Group. “This initiative is giving us a firm base upon which to build as we look to innovate more in the future.”
“It was very rewarding to see the true collaboration between NLG and FAST under the direction of Eric Plasse, vice president of NLG’s Business Delivery Office,” added Ruth Smith, executive vice president for protection at National Life Group. “Together our respective teams were able to rethink our business models and execute innovative, streamlined approaches to processing our business.”
“It’s exciting to see NLG using our software to transform their business,” said Tom Famularo, chief executive officer of FAST. “As much as I would love to attribute the success of this project to the software, that’s really only part of the equation. The big ‘X factor’ is having a customer who is driven and committed – and we had that here for sure.”
“What I like about this project is the reengineering that went into it,” said Matthew Josefowicz, president and CEO of Novarica. “It’s a great example of the way technology can and should enable new thinking.”
About National Life Group
National Life Group® is a trade name of National Life Insurance Company, Montpelier, VT, Life Insurance Company of the Southwest (LSW), Addison, TX and their affiliates. Each company of National Life Group is solely responsible for its own financial condition and contractual obligations. LSW is not an authorized insurer in New York and does not conduct insurance business in New York. Visit: www.nationallifegroup.com
FAST, which stands for "Flexible Architecture, Simplified Technology", is a privately-held company located in Edison, NJ founded by the former leaders of NaviSys. FAST focuses on solving the challenges our financial services and insurance clients face as they seek to modernize their systems environments or completely replace legacy systems. Visit: www.fasttechnology.com