FAST Insurance Suite
Taking core systems off the critical path of digital transformation for life and annuities
FAST Insurance Suite can be rapidly deployed on AWS
FAST Insurance Suite provides a new way of looking at core systems for the digital age to drive the full lifecycle of policies and product management for life insurance and annuities. FAST takes the risk out of implementations and offers a solution that provides the flexibility to create insurance products, automate business processes, and simplify integrations across the entire technology ecosystem to achieve business agility.
FAST Insurance Suite delivers a complete set of shared components for core processing spanning new business, policy administration, and distribution management. Providing a product incubation facility allows insurers to put up products faster than traditional models, giving them the ability to adopt a “test and learn” approach to product manufacturing.
FAST Technology is an APN Advanced Technology Partner and has achieved AWS Financial Services Competency. Competency Partners have industry expertise, solutions that align with AWS architectural best practices, and staff with AWS certifications.
Improve operational performance and responsiveness to reduce overall total cost of ownership
Flexibility of configuration: FAST Insurance suite offers “out-of-the-box” pre-configured products and business processes, the tools to configure the customer’s specific needs without any programming, pre-built integration adapters, and a blueprint/process for a fast launch.
Ease of integration through SOA and microservices: Customers can take advantage of FAST services in a “headless” manner by configuring products and processes and allowing their applications to consume any of thousands of microservices to perform any of the insurance functions.
Automation of key operational and implementation processes: The software can be used as SaaS on FAST’s AWS servers, deployed on-premise, or on the customer’s own AWS cloud.