Fastnet Underwriting

Comprehensive solution with real-time and self-service capabilities 

By leveraging Applied Riskhandler, a highly configurable software platform for insurance distribution, Fastnet Underwriting could launch its business and market proposition quickly, operate flexibly and scale efficiently for impressive growth. “The seamless integration with Applied Connect allows us to access policies easily, handle renewals smoothly, and benefit from automated data flows”, said Geoff Beggs, Chief Operating Officer. As a technology-first business, it was important for Fastnet Underwriting to embrace a modern cloud-enabled solution that complemented their digital approach of incorporating third-party data enrichment and ID verification.

Accelerating from startup to success with an agile approach

Applied Riskhandler, with its comprehensive suite of features, including rapid deployment, real-time rating capability, and self-service capability, helped underpin Fastnet’s rapid success from initial setup to market launch and scaling.

“Applied Riskhandler is the ideal tool for MGAs who want to adopt an agile approach to build, maintain and sustain growth through new product development”, said David Bolger, CEO of Fastnet Underwriting. “Our founding team required a cutting-edge software platform with flexibility, scalability, and cutting-edge technology. Our brokers required a CRM and policy admin system they could easily access and trust.”

Shortly after its formation, Fastnet incorporated Applied Riskhandler to go live with its first policies. The official market launch followed swiftly in October 2024, validated by the completion of regulatory, funding, and carrier arrangements. 

Applied Riskhandler enables low-code, low-risk product build and implementation, control and full agility for all lines of business, commercial, personal and niche product distribution services, with an efficient and powerful referral solution for onboarding non-standard business. It enables rapid insurance product innovation and underwriting controls for full-cycle rating, bind, referral, document generation and full-cycle policy management. It is a comprehensive, all-in-one solution that covers underwriting, policy admin, claims, document management.  

“Simple credit control and accounts management minimised administrative overheads and impressed both the internal team and external brokers. Another highlight was Riskhandler’s quick onboarding process, especially the ability to activate brokers within an hour,” said Geoff Beggs, Chief Operating Officer.

By leveraging Riskhandler's open distribution features, Fastnet quickly expanded its broker network, integrating with major partners like Cornmarket, AA, and AnPost. Thanks to Applied's scalable technology, Fastnet went from zero to writing high volumes of premiums within months.  

Fastnet Underwriting’s story underscores how a startup MGA can harness modern technology solutions to quickly establish a credible market presence and efficiently serve complex customer needs. Applied Riskhandler’s flexibility, speed, and broker-friendly design have supported Fastnet’s rapid success, allowing the MGA to establish itself as a market disruptor in private motor insurance.