M Financial Group Licenses FAST Software to Enable New Digital

April 28, 2020 / 3 min read

Iselin, N.J., April 28, 2020 — FAST, a Verisk (Nasdaq:VRSK) business, announced today that M Financial Group has licensed FAST software to help provide innovative products to its Member Firms and their clients. M Financial, a leading distributor of life insurance products and services, will use FAST software to generate additional growth opportunities by developing and offering unique product solutions.

The software, hosted by FAST, will serve as a key component of M Financial’s plan to accelerate its digital transformation and enhance the experience of its Member Firms and customers.

“M Financial has a sophisticated market and needed a platform that could quickly incubate and launch products across M’s Partner Carriers while creating a fully digitized platform,” said Wes Thompson, President and CEO of M Financial. “FAST will support our transformation initiatives and provide the necessary functionality to meet our objectives. FAST’s flexible architecture and continual upgrade approach made it a clear choice as our platform for the future.”

Carl Peterson, Chairman of M’s Product Development Group, stated, “This partnership will enable us to further differentiate our innovative Member Firm and client experience. Our producers and clients expect an exceptional level of service.”

“FAST is excited to work with M Financial, enabling them to autonomously and proactively address the needs of their Member Firms,” said Tom Famularo, Managing Director of FAST. “At FAST, we continue to prove that our platform enables our clients, be they insurers or distributors, to meet their customers’ needs in significantly more efficient and creative ways.”

Verisk, which acquired FAST in December, has developed a suite of solutions that apply advanced analytics, automation, and machine learning to current 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 M Financial
With 146 Member Firms in 36 states and the United Kingdom, M Financial Group is one of the nation’s leading financial services design and distribution companies. Since 1978, M’s network of independent insurance, investment, and executive benefit firms has served the needs of high net worth individuals, corporate executives, successful entrepreneurs, and Fortune 1000 companies. For more information, visit mfin.com.

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 FAST)
917-639-4903
brett.garrison@edelman.com

Craig Shigeno
M Financial Group
craig.shigeno@mfin.com

M Financial Group Licenses FAST Software to Enable New Digital Ecosystem for Member Firms