According to FAST, the solution will include the following commissions-related capabilities: schedule management, calculation, reporting and accounting.

FAST Insurance Components is a complete suite of more than 40 pre-built business process driven software components delivering targeted and end-to-end solutions.

By leveraging FAST Insurance Components, carriers will be able to cost effectively eliminate the redundancy in data and functionality in their enterprises. The solution will allow the carriers to achieve legacy modernization through a fully SOA-compliant alternative to conventional vendor systems.

In addition to providing individual components, FAST will provide fully integrated, pre-configured software applications for policy administration, new business and underwriting, distribution management, insurance portals and claims.

Vantis Life executive vice president and COO, Scott Smith, said: "Vantis Life is always looking for cost effective ways to improve service to our agents by leveraging best of breed technology. FAST’s componentized approach is going to allow us to make those improvements incrementally."

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