Verisk Partners with Magnifact to Integrate Analytics Solution for Life Distribution

Magnifact’s AgentVizion will be integrated with Verisk’s FAST technology platform to give carriers and their distributors data-driven insights and automation.

(Image source: Magnifact homepage.)

Verisk (Jersey City, N.J.) has announced a partnership with Magnifact to integrate Verisk’s FAST technology platform with Magnifact’s AgentVizion to help carriers and their distributors gain a broader scope of real-time, data-driven insights and automation.

Krish V. Krishnan, founder and CEO, Magnifact.

Enriched by data analytics that reflect deep expertise and experience in the field, Magnifact’s AgentVizion solution and AgentVizion2GO mobile app form a digital experience platform that offers agents, brokers, third-party administrators and insurers greater visibility into all aspects of life and annuity distribution, according to a Verisk statement. APIs and web services will drive integration with FAST, which is embedded with growing numbers of life and annuity insurance carriers, to help enhance an increasingly powerful app, the statement says.

“With Verisk’s FAST technology, we’ve been able to build a new bridge into the agent-carrier ecosystem more quickly and efficiently than ever before,” comments Krish V. Krishnan, founder and CEO, Magnifact. “Our vision is to deliver a 360-degree view of data and analytics for distributors and insurers alike, and this collaboration will promote a wider adoption of our unique and game-changing solution.”

“This integration with AgentVizion further demonstrates how FAST can help connect different parts of the insurance value chain and inform more comprehensive strategies,” says Tom Famularo, founder and managing director, FAST. “From the largest carriers to nimble providers of support services for the industry, we can help reimagine processes and workflows with less time, money and staff resources—and a simpler path to self-sufficiency with the platform.”

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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