FirstBest Systems, Inc.

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FirstBest Systems, Inc. was founded in 2006 to transform the commercial lines insurance process by helping insurers solve some of today's critical underwriting and distribution channel challenges.

Web Site:
Headquarters:213 Burlington Road
Suite 120
Bedford, MA 01730
United States
Year Founded:2006
Investors:Flybridge Capital Partners

About FirstBest Systems, Inc.:

The FirstBest Front Office Suite brings together agents and underwriters in a collaborative underwriting process that helps them to rapidly and efficiently submit, evaluate, quote and close business. The Suite enables the carrier and channel to grow their books of business and cast a wider net to bring in new business:

Carriers - Commercial- and specialty- lines insurers can provide better service that makes them the carrier of choice while increasing efficiency; lower the loss ratio by leveraging complete underwriting information, knowledge and rules; and scale the business with greater agility.

The distribution channel - Agents, brokers, MGAs and MGUs gain greater productivity, increased responsiveness, and a higher win rate through the Suite's upload, STP, collaboration, and transparency features.

A Suite of Collaborative Underwriting Applications

Built on a modern architecture with common Web services, security, workflows, and integration toolkit, the modular applications of the FirstBest Front Office Suite work together seamlessly, enabling rapid deployment in different configurations. Carriers can pick and choose any or all of the Suite's applications with the peace of mind that they work together today and in the future, as additional capabilities are required.

The Suite includes three collaborative underwriting applications:

FirstBest Underwriting Management System (UMS) - FirstBest's flagship solution combines a next-generation underwriting workstation and a business analyst workstation with a Web 2.0 agent portal for comprehensive underwriting workflow and real-time carrier-agency collaboration.

FirstBest Agent - A complete transactional agent portal that facilitates new business and renewals, and provides rich functionality for increased carrier-agency communication, including dynamic supplemental data, shared documents, notes, and email notifications.

FirstBest AppReader - An agency connectivity application for agent and underwriter form/image conversion to ACORD XML and instant upload to carrier systems, regardless of agency management system, and without proprietary networks or transaction fees.

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