{"id":527362,"date":"2021-08-12T09:03:51","date_gmt":"2021-08-12T13:03:51","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/verisks-fast-recognized-as-a-leader-in-2021-gartner-magic-quadrant-for-fourth-consecutive-year\/"},"modified":"2021-08-12T09:03:51","modified_gmt":"2021-08-12T13:03:51","slug":"verisks-fast-recognized-as-a-leader-in-2021-gartner-magic-quadrant-for-fourth-consecutive-year","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/verisks-fast-recognized-as-a-leader-in-2021-gartner-magic-quadrant-for-fourth-consecutive-year\/","title":{"rendered":"Verisk\u2019s FAST Recognized as a Leader in 2021 Gartner\u00ae Magic Quadrant\u2122 for Fourth Consecutive Year"},"content":{"rendered":"

\nFAST platform recognized for ability to execute and completeness of vision in North America Life Insurance Policy Administration Systems
\n<\/h2>\n
\n

JERSEY CITY, N.J, Aug. 12, 2021 (GLOBE NEWSWIRE) — Verisk\u2019s FAST platform for the insurance and annuity industry has been recognized for the fourth year in a row as a Leader in the Gartner Magic Quadrant report.<\/p>\n

Gartner recognized Verisk\u2019s FAST, in the August 2021 edition* as a Leader for Individual and Group Life Insurance Policy Administration Systems in North America. Gartner has recognized FAST in this Magic Quadrant report for the past six years.<\/p>\n

FAST, which stands for \u201cFlexible Architecture, Simplified Technology,\u201d provides a scalable technology platform that life insurers can use to help enhance or replace their legacy policy administration systems quickly. Since its acquisition by Verisk in 2019, FAST has continued to build seamless integration that allows processes, decisions and consumer experiences to be driven by data and analytics.<\/p>\n

\u201cOnce again, ongoing innovation from Verisk\u2019s FAST team, including our growing capability in the group space, is capturing the industry\u2019s attention. We\u2019re grateful to Gartner for continuing to recognize our efforts to help life insurers accelerate their digital transformation agendas,\u201d said Tom Famularo, managing director and founder of Verisk\u2019s FAST. \u201cOur customers\u2019 successes propel our success, and we thank them for helping us continue to learn, adapt and get better. The result is scalable solutions that help automate processes, improve digital engagement with the marketplace, accelerate product development and control expenses.\u201d<\/p>\n

To support life 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 transform current workflows in life insurance underwriting, life and pension analytics, claim insights, compliance and fraud detection, and actuarial and portfolio modeling.<\/p>\n

\u201cMany life insurers are pushing end-to-end modernization forward with help from Verisk\u2019s FAST platform,\u201d said Maroun Mourad, president of global underwriting at Verisk. \u201cOur customer-focused team is by their side throughout with a deep bench of creative and experienced professionals who are helping us grow in the life market.\u201d<\/p>\n

To learn more about Verisk\u2019s life insurance solutions, visit verisk.com\/life<\/u><\/a>.<\/p>\n

* Gartner, Inc. \u201cMagic Quadrant for Life Insurance Policy Administration Systems, North America,\u201d Richard Natale, Rajesh Narayan, 10 August 2021.<\/p>\n

Gartner and Magic Quadrant are registered trademarks and service marks of Gartner, Inc. and\/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.<\/p>\n

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner\u2019s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.<\/p>\n

\n About Verisk\u2019s FAST<\/strong>
\n
FAST, which stands for \u201cFlexible Architecture, Simplified Technology,\u201d 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<\/a>.<\/p>\n

\n About Verisk <\/strong>\n <\/p>\n

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\u2019s advanced technologies to manage risks, make better decisions and improve operating efficiency. The company\u2019s 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\u00a0culture<\/u><\/a>\u00a0where\u00a0all<\/em>\u00a0team members feel they belong. With more than 100 offices in nearly 35 countries, Verisk consistently earns certification by\u00a0Great Place to Work<\/u><\/a>. For more:\u00a0Verisk.com<\/u><\/a>,\u00a0LinkedIn<\/u><\/a>,\u00a0Twitter<\/u><\/a>,\u00a0Facebook<\/u><\/a>, and\u00a0YouTube<\/u><\/a>.<\/p>\n


\n
\n \n <\/div>\n

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Media Contact:\r\nAli Krueger Herbert \r\nAli.Krueger@verisk.com\r\n551-204-6592\r\n<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
FAST platform recognized for ability to execute and completeness of vision in North America Life Insurance Policy Administration Systems JERSEY CITY, N.J, Aug. 12, 2021 (GLOBE NEWSWIRE) — Verisk\u2019s FAST platform for the insurance and annuity industry has been recognized for the fourth year in a row as a Leader in the Gartner Magic Quadrant report. Gartner recognized Verisk\u2019s FAST, in the August 2021 edition* as a Leader for Individual and Group Life Insurance Policy Administration Systems in North America. Gartner has recognized FAST in this Magic Quadrant report for the past six years. FAST, which stands for \u201cFlexible Architecture, Simplified Technology,\u201d provides a scalable technology platform that life insurers can use to help enhance or replace their legacy policy … <\/p>\n
Continue reading “Verisk\u2019s FAST Recognized as a Leader in 2021 Gartner\u00ae Magic Quadrant\u2122 for Fourth Consecutive Year”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-527362","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nVerisk\u2019s FAST Recognized as a Leader in 2021 Gartner\u00ae Magic Quadrant\u2122 for Fourth Consecutive Year - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/verisks-fast-recognized-as-a-leader-in-2021-gartner-magic-quadrant-for-fourth-consecutive-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Verisk\u2019s FAST Recognized as a Leader in 2021 Gartner\u00ae Magic Quadrant\u2122 for Fourth Consecutive Year - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"FAST platform recognized for ability to execute and completeness of vision in North America Life Insurance Policy Administration Systems JERSEY CITY, N.J, Aug. 12, 2021 (GLOBE NEWSWIRE) — Verisk\u2019s FAST platform for the insurance and annuity industry has been recognized for the fourth year in a row as a Leader in the Gartner Magic Quadrant report. 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