Company Overview of FirstBest Systems, Inc.
FirstBest Systems, Inc. develops and markets insurance software solutions to property and casualty, and workers’ compensation insurers and agents to solve their underwriting and distribution channel challenges. The company offers FirstBest Front Office Suite of software applications that enable commercial and specialty lines insurers, agents, brokers, MGAs, and MGUs to submit, evaluate, quote, and close business. Its software suite includes FirstBest UMS, an underwriting workstation combined with a Web 2.0 agent portal for underwriting workflow and real-time carrier-agency collaboration; FirstBest Agent, a point-of-sale portal with supplemental data, shared documents, notes, and email notifi...
213 Burlington Road
Bedford, MA 01730
Founded in 2006
Key Executives for FirstBest Systems, Inc.
Co-Founder and Chief Technology Officer
Vice President of Finance
Vice President of Human Resources
Compensation as of Fiscal Year 2013.
FirstBest Systems, Inc. Key Developments
Stonetrust Commercial Insurance Company Selects FirstBest Systems, Inc.'s Front Office Suite with UMS Express Underwriting Workstation to Increase Agent Satisfaction and Accelerate Profitable Growth
Jan 7 14
FirstBest Systems, Inc. announced that Stonetrust Commercial Insurance Company, has selected and begun deployment of the FirstBest Front Office Suite including the FirstBest UMS Express pre-configured underwriting workstation, the FirstBest Agent portal and the FirstBest AppReader agency connectivity application. With the new front office applications in use by underwriters and agents in mid-2014, Stonetrust expects to further increase agent satisfaction, transform the underwriting process and accelerate profitable growth.
FirstBest Systems, Inc. Announces Availability of FirstBest UMS Express(TM)
Jul 15 13
FirstBest Systems, Inc. announced the availability of FirstBest UMS Express(TM) for workers' comp insurers. The new off-the-shelf, ACORD-based solution can be deployed in as little as three months and builds on FirstBest's deep experience in providing underwriting management systems to leading mono-line and multi-line commercial carriers, including many in workers' comp. FirstBest UMS Express provides carriers with a robust underwriting management system that enables them to drive premium growth and improve underwriting profitability, rapidly enter new markets and deliver new products, and achieve high service levels with agents and brokers.
FirstBest Systems, Inc. Announces the Release of the FirstBest Front Office Suite 5.0 for Insurance
Jun 13 13
FirstBest Systems, Inc. announced the release of the FirstBest Front Office Suite 5.0 for insurance. The Suite integrates with more than 50 data sources and analytics from Verisk Insurance Solutions includes enhanced features for multi-line underwriting and skills-based routing, and offers easy-to-use configuration for business users. By providing one-stop access to more complete risk and third-party data, as well as powerful analytics and models, the collaborative underwriting suite empowers carriers to make the best decision in the least amount of time, provide best-in-class service and increase underwriting profitability. Front Office Suite 5.0 delivers increased efficiency with new skills-based routing and Business Analyst Studio tools that enable managers and business users to speed setup, configuration and the entire underwriting process. The FirstBest Front Office Suite 5.0 includes the following modular applications: FirstBest UMS: underwriting workstation; New - FirstBest Connector for Verisk: provides access to more than 50 Verisk property and automobile data sources and analytics; New - FirstBest Business Analyst Studio: enables the carrier's business users to rapidly configure the FirstBest Front Office Suite; FirstBest Agent: agent portal; FirstBest AppReader: upload for carriers, agents and brokers; FirstBest Mobile: mobile underwriting application for iPad users. Notable innovations and enhancements in version 5.0 include: FirstBest Connector for Verisk provides a more complete picture of the risk; Enhanced multi-line underwriting capabilities coordinate the decision process for complex risks across the account and enterprise; New FirstBest Business Analyst Studio enables the carrier's business analysts to configure the Suite, lowering TCO and speeding time to market; Skills-based routing and enterprise task management keep the underwriting process moving; FirstBest UMS Mobile delivers enhanced user experience for Apple iOS devices.
Similar Private Companies By Industry
Recent Private Companies Transactions
|No transactions available in the past 12 months.|