Overview
FAST (Flexible Architecture, Simplified Technology) is a leading software platform for the life insurance and annuity industry, now part of Verisk Analytics. Founded in 2010, FAST provides core software that allows life insurers to efficiently enhance or replace their legacy policy administration, new business, and distribution management systems.
The platform has been recognized as the industry-leading policy administration system by ISG for four consecutive years. FAST enables carriers to reduce product time-to-market by 75% and launch new offerings in as little as 2 months through preconfigured components and platform configurability.
FAST was acquired by Verisk Analytics in December 2019 for $193.5 million, strengthening Verisk's data and analytics solutions in the life insurance market.
Products & Services
FAST Policy Administration
Cloud-based policy administration system supporting the entire insurance lifecycle.
Key Features
- Product development and configuration
- Policy issuance and servicing
- Claims management
- Customer self-service portals
Target Users: Carriers, Operations Teams
FAST New Business
Digital new business and underwriting platform for life and annuity products.
Key Features
- eApplication and digital intake
- Underwriting workbench
- Lead generation integration
- Agent/distributor portals
Target Users: Carriers, Underwriters, Agents
FAST Distribution Management
Platform for managing agent and distributor relationships.
Key Features
- Agent onboarding and licensing
- Commission management
- Performance tracking
- Distributor portals
Target Users: Carriers, Distribution Teams
Group Life Administration
End-to-end group life insurance plan administration.
Key Features
- Group enrollment
- Plan administration
- Billing and payments
- Member self-service
Target Users: Carriers, Group Benefits Teams
At a Glance
- Founded
- 2010
- Headquarters
- Iselin, New Jersey
- Employees
- 201-500
- Funding
- Acquired
Category & Focus
- Category
- Core Administration
- Subcategories
- Policy Administration New Business Distribution Management
- Insurance Verticals
- Life & Annuity
- Target Customers
- Carriers
Customers
- Pacific Life
- TruStage
- American Life & Security Corp.
- M Financial Group
- Insurance Supermarket
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Last updated: 2026-04-06