Verisk Life - FAST Insurance Components
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Note that this report is a high level summary of the vendor's credentials and a solution's capabilities designed to assist with solution short-listing. The RFX report is the more comprehensive Request For Information report designed to support evaluation and selection, this will only show where the vendor has completed the "RFX" RFI.
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RFX Report
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This feature is upgradeable
For End Users
You can activate this feature and other links for ALL VENDORS with a VendorMatch Premium subscription. Additionally you can gain access to an increased depth of data, summary reports, RFX reports (detailed completed RFIs - available to financial institutions only) and comparison grids. Please click here for more information.
For Vendors
Vendors can activate their links and gain access to analytics by upgrading to VendorMatch PRO. Please click here for more information.
Speak with an analyst
Financial institutions and their advisors can subscribe to our Analyst Access* service. Effectively phone or (email) a friend you can have on tap advice and support provided by our analysts on this vendor, solution or solution category.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information.
or contact us to discuss a subscription.
Subject to reasonable use.
Survey Summary
The Survey Summary provides a download of the vendor profile, solution profile and the VendorMatch Discovery survey vendor responses used to power the directory. All responses are provided by the vendor online.
Note that this report is a high level summary of the vendor's credentials and a solution's capabilities designed to assist with solution short-listing. The RFX report is the more comprehensive Request For Information report designed to support evaluation and selection, this will only show where the vendor has completed the "RFX" RFI.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features or contact us.
RFX Report
The RFX report is an XLS download of the Vendors response to the “RFX” Request for Information for this solution.
The RFX is a centralized golden copy of a RFI authored by our analysts based on their expertise in running real-life system evaluation and selection projects and completed by the vendor online.
Note to protect vendor that only Financial Institutions and recognized Advisor can subscribe to this feature.
In each instance the first time the link is used the user requests permission to access the RFX report and it is the vendor who is required to authorizes access. You will be alerted when the vendor has reviewed your request and granted permission.
HOW TO SUBSCRIBE
Please click here for more information on Premium features or contact us.
To learn more about subscribing to our service options, please contact us here
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close
This feature is upgradeable
For End Users
You can activate this feature and other links for ALL VENDORS with a VendorMatch Premium subscription. Additionally you can gain access to an increased depth of data, summary reports, RFX reports (detailed completed RFIs - available to financial institutions only) and comparison grids. Please click here for more information.
For Vendors
Vendors can activate their links and gain access to analytics by upgrading to VendorMatch PRO. Please click here for more information.
Speak with an analyst
Financial institutions and their advisors can subscribe to our Analyst Access* service. Effectively phone or (email) a friend you can have on tap advice and support provided by our analysts on this vendor, solution or solution category.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information.
or contact us to discuss a subscription.
Subject to reasonable use.
Survey Summary
The Survey Summary provides a download of the vendor profile, solution profile and the VendorMatch Discovery survey vendor responses used to power the directory. All responses are provided by the vendor online.
Note that this report is a high level summary of the vendor's credentials and a solution's capabilities designed to assist with solution short-listing. The RFX report is the more comprehensive Request For Information report designed to support evaluation and selection, this will only show where the vendor has completed the "RFX" RFI.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features or contact us.
RFX Report
The RFX report is an XLS download of the Vendors response to the “RFX” Request for Information for this solution.
The RFX is a centralized golden copy of a RFI authored by our analysts based on their expertise in running real-life system evaluation and selection projects and completed by the vendor online.
Note to protect vendor that only Financial Institutions and recognized Advisor can subscribe to this feature.
In each instance the first time the link is used the user requests permission to access the RFX report and it is the vendor who is required to authorizes access. You will be alerted when the vendor has reviewed your request and granted permission.
HOW TO SUBSCRIBE
Please click here for more information on Premium features or contact us.
To learn more about subscribing to our service options, please contact us here
Overview
The software is a completely new category and is comprised of 3 key areas built to provide the ultimate in flexibility to support insurers needs today while preparing for the future.
- FAST Technology Platform – underlying technology platform, built to meet the technical needs of insurers today and tomorrow. Contains a suite of configuration tools and a a SOA/event-driven architecture to drive consistency, rapid implementation, and ultimate in flexibility. It has been called “The AppStore for Insurance” by analysts.
- FAST Insurance Components – pre-configured insurance components, products and processes that perform the functions typically found in “core systems” from new business to claims (and everything in between including what is found in “best of breed” PAS systems) as well as distribution management.
- FAST Cloud Services – FaaS (function as a service) for the most common insurance functionality. Hundreds of microservices, both standard and customized (through configuration tools) can be consumed by your own applications to provide the ultimate insurance toolkit in the cloud
Key Features
▪ Scalable technology platform designed for needs of insurers today and long into the future
▪ Product design and configuration tools
▪ Configuration tools for events, rules, calculations, orchestrations, and testing
▪ Event-driven architecture
▪ Microservices built from ground-up
▪ Cloud native / SaaS
▪ FAST 8x - Model driven software automation engine to design and build new components
Key Benefits
▪ Innovation to help their customers (service and products)
▪ Business agility, scale, and ability to pivot
▪ Business expansion (i.e. direct to consumer, new product lines, alternate distribution models)
▪ Drive operational efficiency and make the lives of the users a little bit better
▪ Significantly lower TCO (both within and surrounding the core)
▪ Position for future
Product/Service details
SOLUTION OR SERVICE TYPE
Advanced Data and Analytics Software (beyond BI), Business Intelligence & Reporting Systems, Claims Management Systems - Life Insurance / Annuities, Data Platforms/Data Aggregators, Digital Agent, Digital Insurer, Digital MGA, eApplication Systems, Insurance Agency Management Systems (AMS), Insurance Agent / Broker Portal, Insurance Data Sets/Products, Insurance Distribution / Broker Management Systems, Insurance Fraud Detection and Risk Analytics Systems, Insurance Modeling Tools (catastrophe, cyber, other liabilities, Microinsurance, New Business and Underwriting Systems - Life / Annuity Insurance, Policy Administration and Servicing (PAS) Systems - Individual / Group Life / Annuity / Pension Closed Block, Policy Administration and Servicing (PAS) Systems - Individual / Group Life / Annuity / Pensions, Predictive Analytics / Modeling, Real-Time Decision Engine (Insurance), Voice Biometrics