EDISON, N.J.--(BUSINESS WIRE)--FAST, a leading software company for the life and annuity industry, announced today that one of the largest life insurance companies in the United States is in production with FAST’s Policy Administration platform after a 14-week implementation project. The FAST team size averaged eight full-time equivalent associates (FTEs) to complete the work.
For the insurer, the FAST platform covers new business, policy administration and claims for life insurance products. FAST’s “out of the box” integration adapters enabled significant integration with other platforms in the carrier’s ecosystem, including customer portals and downstream financial systems.
“While the robustness of the FAST platform and the strength of the FAST team were certainly keys to success, the customer was really the number one critical success factor,” said John Gorman, COO of FAST. “From day one, the customer’s team met aggressive commitments, made pragmatic decisions and fostered a collegial, collaborative environment.”
“This customer provides one of the best examples I have seen of the right way to partner with a software provider and implement core life insurance systems,” said Tom Famularo, CEO of FAST. “As a result, FAST is at the core of a platform that enables agility and innovation.”
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