Verisk’s FAST Achieves Top Ranking for Life Insurance and Retirement Platform in ISG Provider Lens Report for Third Consecutive Year
June 22 2023 - 8:00AM
Verisk's FAST platform is once again recognized as the leading
solution for life insurance and annuity providers by Information
Services Group Inc. (ISG). The platform received top honors for the
third year running, reflecting its superior capabilities,
comprehensive features, and consistent performance.
In the latest ISG Provider Lens™ Insurance Platform Solutions
2023 report, FAST outperformed other platforms in the life and
retirement (L&R) sector. The report highlights FAST's
consistent delivery of reliable outcomes coupled with its
innovative, easily upgradable architecture and the deep domain
expertise of the Verisk team.
Download the ISG report to see a complete assessment of the FAST
platform.
What makes Verisk’s FAST so effective?
FAST is a dynamic platform designed to support insurers in their
digital transformation journeys. It covers all aspects of the
insurance life cycle, including product development, customer
self-service, policy administration and claims management.
Moreover, it integrates seamlessly with Verisk's rich ecosystem of
data, analytics and claims tools to help accelerate and streamline
underwriting processes and to help elevate the customer
experience.
ISG lead analyst, Ashish Jhajharia, praised the platform,
saying, "FAST stands out in the Life and Retirement Insurance
Platform Solutions quadrant with its distinct product offerings,
established capabilities and proven results."
"We are delighted to see the FAST platform recognized yet again
as a leading force in life insurance and annuity solutions,” said
Tom Famularo, managing director of Verisk’s life solutions. “We
remain committed to providing a superior, efficient platform that
enables insurers and third-party administrators to enhance their
operations and respond rapidly to market changes. This accolade
validates our team's unwavering dedication to empowering our
clients with speed, agility and innovation."
To support life and annuity insurers across the policy life
cycle, Verisk has developed a suite of solutions that apply
advanced analytics, automation and machine learning to existing and
emerging data sources. The solutions are designed to help transform
current workflows in life insurance underwriting, claim insights,
policy administration, unclaimed property/equity, compliance and
fraud detection, and actuarial and portfolio modeling.
To learn more about Verisk’s life insurance solutions, visit
www.verisk.com/life.
About Verisk
Verisk (Nasdaq: VRSK) provides data-driven analytic insights and
solutions for the insurance industry. Through advanced data
analytics, software, scientific research and deep industry
knowledge, Verisk empowers customers to strengthen operating
efficiency, improve underwriting and claims outcomes, combat fraud
and make informed decisions about global issues, including climate
change and extreme events, as well as political and ESG topics.
With offices in more than 20 countries, Verisk consistently earns
certification by Great Place to Work and fosters
an inclusive culture where all team members feel they
belong. For more, visit Verisk.com and the Verisk
Newsroom.
Michelle Pantina
Michelle.pantina@verisk.com
1-201-469-3177
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