Standard Insurance Company (The Standard) has selected FastTrack Disability Risk Management Solutions & Services to deliver life and disability claim processing technology.
As per the agreement, FastTrack will support the insurer’s claims process by offering its disability risk management tools, life risk management tools, and claims readiness services.
The Standard will use the platform to meet claim processing needs of its long term disability (LTD) claims, individual disability (IDI) claims, group life and group life waiver claims.
The technology vendor said that its solutions and services will allow the insurance company to better understand its claim management options.
FastTrack’s platform leverages digital data collection and lifting, robotic processing automations (RPA’s), and artificial intelligence (AI) to drive process automation.
FastTrack CEO Thomas Capato said: “We are pleased The Standard has chosen to expand its work with FastTrack to include their group long term disability, individual disability and group life claims processes.
“We believe the comprehensive and customisable nature of FastTrack’s technology will help enhance the already industry-leading service The Standard offers to their employer customers and their employees.
The Standard Insurance Services Group vice president Dan McMillan said: “We believe FastTrack provides a strong fit to help us deliver better capabilities and stronger tools to our employees that serve our LTD, Life and IDI customers.
“We see FastTrack as a partner that can help us deliver more value to our customers and better solutions to our employees.”