Life and annuity insurers can now use a single platform for their individual and group lines of business. Many carriers offering both individual and group-based annuities have long run these lines on separate platforms with little to no shared services—raising a barrier to value creation.
A single administration platform, scalable by contract size and spanning individual and group-based annuity business—such as pension risk transfer, stable value, medium-term notes, and structured settlements—can help simplify operations and eliminate redundancy for easier implementation, enhancement, and maintenance.
With simplified, scalable technology integrating a digital ecosystem of end-to-end data and analytic insights, you can quickly build core capabilities and empower agents and customers across the entire policy life cycle.
An advanced, flexible technology platform coupled with innovative, data-driven solutions—from product development to underwriting, policy administration, and claims—can help accelerate every aspect of your business and drive profitable growth.
Group and voluntary benefit participants have rising expectations for flexibility, visibility into their accounts, and ease of change.
Carriers can thrive with new and innovative products and capabilities, including non-insurance deductions, one-stop self-service, and ease of portable benefits. A single platform can help insurers sunset fragmented systems and bundle their benefit administration. Onboard participants and set up contracts in weeks, not months, including benefit estimates and plan provisions for deferred participants.
Quickly show customers what you can do with shared data for efficient setup and seamless integration in a full market ecosystem.
Explore how FAST outperforms other platforms for the third consecutive year with seamless integration, a flexible architecture, and deep domain expertiseDownload the report
Datos Insights' latest report explores policy administration systems trends for life, annuity, and benefits insurers, and why Verisk’s FAST remains a leader in the space.Download the report
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