M Financial Group Licenses FAST Software to Enable New Digital Ecosystem for Member Firms

FAST, a Verisk business, announced that M Financial Group has licensed FAST software to help provide innovative products to its Member Firms and their clients. M Financial, a leading distributor of life insurance products and services, will use FAST software to generate additional growth opportunities by developing and offering unique product solutions.

“M Financial has a sophisticated market and needed a platform that could quickly incubate and launch products across M’s Partner Carriers while creating a fully digitized platform”

The software, hosted by FAST, will serve as a key component of M Financial’s plan to accelerate its digital transformation and enhance the experience of its Member Firms and customers.

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“M Financial has a sophisticated market and needed a platform that could quickly incubate and launch products across M’s Partner Carriers while creating a fully digitized platform,” said Wes Thompson, President and CEO of M Financial. “FAST will support our transformation initiatives and provide the necessary functionality to meet our objectives. FAST’s flexible architecture and continual upgrade approach made it a clear choice as our platform for the future.”

Carl Peterson, Chairman of M’s Product Development Group, stated, “This partnership will enable us to further differentiate our innovative Member Firm and client experience. Our producers and clients expect an exceptional level of service.”

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“FAST is excited to work with M Financial, enabling them to autonomously and proactively address the needs of their Member Firms,” said Tom Famularo, Managing Director of FAST. “At FAST, we continue to prove that our platform enables our clients, be they insurers or distributors, to meet their customers’ needs in significantly more efficient and creative ways.”

Verisk, which acquired FAST in December, has developed a suite of solutions that apply advanced analytics, automation, and machine learning to current and emerging data sources. The solutions are designed to transform existing workflows in life insurance underwriting, life and pension analytics, claim insights, compliance and fraud detection, and actuarial and portfolio modeling.

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