FirstBest Launches Enhanced Product Suite 7.0 for Property and Casualty Insurers

By CIOReview | Monday, July 6, 2015

BEDFORD, MA: FirstBest Systems announces the release of version 7.0 of their flagship product FirstBest Suite with enhancements in underwriting technology and data analytics, workflow capabilities, and advanced collaboration tools for property and casualty insurance.

FirstBest Systems, the insurance solution providers’ new upgraded product is powered by customer feedback, delivers new and improved features and functionality, enabling insurers to better collaborate with producers, improve efficiency, and more accurately price risks.

“Our customers are the greatest measure of our success, and FirstBest is driven to engineer quality underwriting technology that solves important risk evaluation challenges and helps our customers grow their businesses,” says John Belizaire, CEO and founder, FirstBest Systems.

The product includes the following applications:

  • FirstBest UMS - Underwriting Workstation.
  • FirstBest Agent – Agent Portal.
  • FirstBest AppReader – ACORD form processing and upload.
  • FirstBest UMS Mobile – Mobile underwriting application for iPad users.
  • FirstBest Business Analyst Studio – Configuration toolkit.
  • FirstBest Insight – Integrated underwriting analytics engine.

FirstBest Suite 7.0 also advances the capabilities that transform the way property and casualty insurers underwrite business. there are FirstBest Insight that allows carriers to evaluate line-of-business performance, underwriter or producer workloads, and much more- in real time; Outlook Integration to address specific customer needs around real-time workflow collaboration with distributors, and Line of Business Configuration that speeds the time to market for new lines by quickly configuring the rating, quoting, binding, issuance, and endorsement features for each line from a single, easy-to-use interface.

Features like Credit Report Integration provides carrier access to consumer credit information about risk, as part of the underwriting workflow within the submission; and FirstBest Integration Services through which FirstBest UMS generates XML messages for key underwriting tasks also make the product useful.

“With these new features, FirstBest UMS makes huge advances in helping underwriters collect the information they need from within their UMS submissions. Moreover, FirstBest Insight lets underwriters perform superior risk evaluations based on all the data collected during the underwriting process.” says Paul Cummings, vice president of engineering, FirstBest Systems.