Lincoln Heritage Life Insurance Company Licenses FAST

March 11, 2020 / 3 min read

Iselin, N.J., March 11, 2020 — FAST, a Verisk (Nasdaq:VRSK) business, announced today that Lincoln Heritage Life Insurance Company, a leading provider of final expense insurance, has selected FAST Insurance Components to help enable its digital transformation, from end-to-end.

Lincoln Heritage plans to use FAST software initially to help its agents accelerate sales of whole life insurance. In the future, Lincoln Heritage plans to use FAST software as its strategic end-to-end platform.

“We chose FAST because we believe they can help us continue to provide the best service to our agents and customers in the final expense industry,” said Matt Londen, senior vice president and CFO at Lincoln Heritage. “FAST’s ability to quickly deliver automation to our high-volume sales processes and to enable digital tools for our customers will allow us to serve even more people during some of the worst days of their lives.”

“We’re happy that Lincoln Heritage has selected FAST to help them manage their growing business and are excited about their implementation plans,” said Tom Famularo, managing director of FAST. “Lincoln Heritage will be getting the benefit of our automation and cloud-hosting offering, allowing them to dynamically scale to meet their high volumes and bring automation to their end-to-end processes.”

Verisk, which acquired FAST in December, 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 transform existing workflows in life insurance underwriting, life and pension analytics, claim insights, compliance and fraud detection, and actuarial and portfolio modeling.

About Lincoln Heritage Life Insurance Company
Founded by Jack Londen in 1963, Lincoln Heritage Life Insurance Company is the leading provider of agent-produced final expense life insurance in the U.S. with operations in 49 states. More than one million policyholders depend on Lincoln Heritage Life Insurance Company to be by their sides in their times of need, and thousands of agents take pride knowing their hard work serves families in their communities.

About FAST
FAST, which stands for “Flexible Architecture, Simplified Technology,” is a Verisk (Nasdaq:VRSK) business and a leading provider of end-to-end software for the life insurance and annuity markets. FAST, located in Iselin, N.J., provides a SaaS suite of out-of-the-box components that life insurers can use to quickly enhance or replace their legacy systems. To learn more about FAST, visit www.fasttechnology.com.

About Verisk
Verisk (Nasdaq:VRSK) provides predictive analytics and decision-support solutions to customers in the insurance, energy and specialized markets, and financial services industries. More than 70 percent of the FORTUNE 100 relies on the company’s advanced technologies to manage risks, make better decisions and improve operating efficiency. The company’s analytic solutions address insurance underwriting and claims, fraud, regulatory compliance, natural resources, catastrophes, economic forecasting, geopolitical risks, as well as environmental, social, and governance (ESG) matters. Celebrating its 50th anniversary, the company continues to make the world better, safer and stronger, and fosters an inclusive and diverse culture where all team members feel they belong. With more than 100 offices in nearly 35 countries, Verisk consistently earns certification by Great Place to Work. For more: Verisk.com, LinkedIn, Twitter, Facebook, and YouTube.

Contact:
Brett Garrison
Edelman (for Verisk)
917-639-4903
Brett.Garrison@edelman.com

Lincoln Heritage Life Insurance Company Licenses FAST Insurance Components to Enable Digital Transformation