NTT DATA Announces First Implementation of Global Insurance Digital Platform for F&G
October 12 2021 - 10:05AM
Business Wire
NTT DATA has successfully integrated FAST
within its new, Global Insurance Digital Platform (GIDP), enabling
support for a full spectrum of life and annuity products
NTT DATA, a digital business and IT services leader, recently
announced its first implementation of a new annuity product, Fixed
Index Linked Annuity (FILA) from F&G, a leading provider of
annuities and life insurance, as part of the FAST partnership.
“We are proud to be partnering with Verisk’s FAST Technology to
support F&G,” said Rob Baughman, Senior Vice President,
Financial Services and Insurance, NTT DATA Services. “This next
step in our partnership brings modern technology to provide
F&G’s producers and customers with a modern, digital
experience.”
NTT DATA’s Global Insurance Digital Platform (GIDP) enables
insurers such as F&G to increase efficiency, rapidly develop
new products, convert existing blocks of business, and digitize the
customer experience through its digital TPA and business processing
as a service (BPaaS) offering.
“This is a win for all parties, and FAST looks forward to
helping F&G continue to provide the best experience for their
customers,” said Tom Famularo, Managing Director and Founder,
FAST. “There’s enormous potential in our collaboration with NTT
DATA to support the changing needs of modern insurers, offering a
digital servicing platform to address currently sold products, even
top sellers.”
“F&G leveraged our long-standing, successful relationship
with NTT DATA and the FAST partnership to help launch FILA, our new
category defining annuity product,” said Matt Christensen, Senior
Vice President and Chief Operating Officer, F&G. “Through this
new platform, we are positioning ourselves to more streamlined
service, better access to data and real-time transactions, and
overall improvements to our capabilities to better serve
clients.”
To learn more about NTT DATA’s insurance services, visit
nttdataservices.com/insurance
To learn more about Verisk’s life insurance solutions, visit
verisk.com/life
About FAST
FAST, which stands for “Flexible Architecture, Simplified
Technology,” 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
software-as-a-services (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.
About Verisk
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’s advanced
technologies to manage risks, make better decisions and improve
operating efficiency. The company’s 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 culture where all team members feel they belong. With
more than 100 offices in nearly 35 countries, Verisk consistently
earns certification by Great Place to Work. For more: Verisk.com,
LinkedIn, Twitter, Facebook, and YouTube.
About F&G
F&G is part of the FNF family of companies. F&G is
committed to helping Americans turn their aspirations into reality.
F&G is a leading provider of annuity and life insurance
products and is headquartered in Des Moines, Iowa. For more
information, please visit fglife.com.
“F&G” is the marketing name for Fidelity & Guaranty Life
Insurance Company issuing insurance in the United States outside of
New York. Life insurance and annuities issued by Fidelity &
Guaranty Life Insurance Company, Des Moines, IA.
About NTT DATA
NTT DATA is a leading IT services provider and global innovation
partner headquartered in Tokyo, with business operations in over 50
countries. Our emphasis is on long-term commitment, combining
global reach with local intimacy to provide premier professional
services varying from consulting and systems development to
outsourcing. For more information, visit www.nttdata.com.
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Amy Baj amy.baj@nttdata.com 954-909-7900
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