Verisk acquires FAST

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Verisk has agreed to acquire FAST in a deal combining policy administration and analytics vendors.

Targeting life and annuity carriers, FAST buy offers Verisk an opportunity to combine its SaaS suite of analytics components more seamlessly with policy administration systems, the companies say.

“By working with FAST technology and its customers, we’ll be able to improve our predictive models and offer integrated data analytics to life insurers through an end-to-end workflow solution,” says Mark Anquillare, chief operating officer of Verisk. Anquillare continued to share, “The acquisition of FAST will extend our offerings to the life insurance market as we build a comprehensive suite of innovative solutions to support insurer modernization.”

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Policy adminstration Analytics M&A