FASST is an insurtech that provides digital distribution platforms for insurers, mutuals, and brokers, focusing on enhancing revenue in life insurance, health, retirement savings, and property insurance. The platform streamlines client management and regulatory processes, enabling efficient portfolio aggregation and integration with existing solutions.
Funding
$35.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
BLFounders
Product
Problem
Insurance and wealth-management firms face challenges in creating customized digital experiences for clients, while also needing to maintain regulatory compliance and efficiently manage client portfolios across life insurance, health, retirement savings, and property insurance products. Siloed systems and manual processes hinder the ability to provide seamless, personalized advice and streamline the subscription process.
Solution
FASST offers a suite of modular digital platforms designed to streamline insurance and wealth-management workflows, enhance client engagement, and accelerate sales. The platform enables firms to create tailored subscription pathways, automate regulatory compliance, and consolidate client portfolio data. FASST's solutions are designed to integrate with existing systems, providing a unified digital foundation for professionals in the insurance and wealth-management sectors. The modular design allows firms to select and deploy specific capabilities to address their unique needs, from initial client interaction to ongoing portfolio management.
Target Audience
FASST primarily serves insurance companies, mutual insurance organizations, brokers, and wealth-management firms seeking to digitize their processes, enhance client engagement, and ensure regulatory compliance.
Features
- **HUB FASST:** A platform providing expertise in national collective agreements and wealth-management solutions, offering three approaches (Patrimoine, Individuel, Collectif) from a single platform.
- **Open Insurance Platform (OIP):** Enables the creation of customized online subscription pathways, from client data capture to document generation, including e-signatures and compliance adherence.
- **Flexi:** Centralizes product offerings and simplifies document workflows, automating the integration of publishing processes through FlexiProduct and FlexiDocs.
- **Marketplace:** Provides access to interconnected modules for managing company data, member spaces, compliance, and document automation.