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Verisk’s FAST Wins XCelent Awards and ‘Luminary’ Status from Celent

Verisk’s FAST platform for innovation in life insurance and annuities won two of Celent’s 2021 XCelent Awards for individual policy administration systems (PAS) in North America. FAST won awards for Advanced Technology and Breadth of Functionality as it achieved the highest category—Luminary—in the Celent Technical Capability Matrix for North American PAS.

Read Celent’s award report, Policy Administration Systems: North American Individual Life Insurance Edition, and learn how FAST made an impression with a rapid pace of enhancements, including:

  • Portfolio modeling and claim search capabilities
  • More support for disability and long-term care claims
  • Agent/customer self-service capabilities
  • Direct-to-consumer style e-App and no-code tools to configure user interfaces

As you may know, this is one of several honors for FAST in 2021: Recognized for the fourth year in a row as a Leader in the 2021 Gartner® Magic Quadrant™ for Life Insurance Policy Administration Systems, North America, and ranked best for the strength and breadth of its offering among U.S. life and retirement insurance platforms by Information Services Group Inc.

Download the report