Third-party administrator se2 has licensed FAST Insurance Components to support its life insurance outsourcing business.
“After assessing the product platforms on the market, we believed that the FAST product engine provided the agility and innovation that aligns with se2’s advanced technical architecture,” said Brent Littleton, CTO of se2. “Because we provide independent SaaS-based solutions, in addition to an end-to-end platform, our systems have to be exceptionally flexible and readily support both the rapid conversion of complex blocks, as well as the speed necessary to be first to market with new product.”
The software is in production and processing policies for term life, whole life and interest-sensitive whole life.
“This is a wonderful opportunity for FAST,” said Tom Famularo, CEO of FAST. “The technical architecture utilized at se2 allowed the implementation and conversion to move at an incredible speed. I’ve never seen anything like it and I believe we will be able to do great things together.”
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