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NTT DATA Announces First Implementation of Global Digital Insurance Platform for F&G | Business


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PLANO, Texas – (BUSINESS WIRE) – October 12, 2021–

NTT DATA, a leader in digital businesses and IT services, recently announced the 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 partner 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 producers and customers with a modern digital experience. “

NTT DATA’s Global Digital Insurance Platform (GIDP) enables insurers such as F&G to increase efficiency, rapidly develop new products, convert existing business blocks and digitize the customer experience through to its digital TPA and enterprise 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 its customers.” said Tom Famularo, CEO and Founder of FAST. “Our collaboration with NTT DATA offers tremendous potential to meet the changing needs of modern insurers, providing a digital service platform to meet products currently sold, even to the best 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 general manager of operation of F&G. “With this new platform, we are positioning ourselves for a more streamlined service, better access to real-time data and transactions, and overall enhancements to our capabilities to better serve our customers. “

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) company and a leading provider of end-to-end software for the life insurance and annuity markets. FAST, located in Iselin, New Jersey, provides a software-as-a-service (SaaS) suite of out-of-the-box components that life insurers can use to quickly upgrade or replace their existing 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, specialty markets and financial services industries. Over 70% of the FORTUNE 100 relies on the company’s advanced technologies to manage risk, make better decisions, and improve operational efficiency. The company’s analytical solutions address insurance underwriting and claims, fraud, regulatory compliance, natural resources, disasters, economic forecasting, geopolitical risks, as well as environmental, social and security issues. governance (ESG). Celebrating its 50th anniversary, the company continues to make the world a better, safer and stronger world and fosters an inclusive and diverse culture where all team members feel they belong. With more than 100 offices in nearly 35 countries, Verisk regularly achieves Great Place to Work certification. For more information: 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 trade name of 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 focus is on long-term engagement, combining global reach with local intimacy to provide top-notch professional services ranging from consulting and systems development to outsourcing. For more information, visit www.nttdata.com.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211012005099/en/

CONTACT: Amy Baj

[email protected]

954-909-7900

KEYWORD: UNITED STATES NORTH AMERICA TEXAS

INDUSTRY KEYWORD: PROFESSIONAL SERVICES TECHNOLOGY OTHER TECHNOLOGY INSURANCE FINANCE CONSULTING

SOURCE: NTT DATA

Copyright Business Wire 2021.

PUB: 12/10/2021 10:05 am / DISC: 12/10/2021 10:06 am

http://www.businesswire.com/news/home/20211012005099/en

Copyright Business Wire 2021.


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