July 25, 2014 12:30 PM ET

Software

Company Overview of FirstBest Systems, Inc.

Company Overview

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

United States

Founded in 2006

Phone:

781-863-6000

Fax:

781-275-0621

Key Executives for FirstBest Systems, Inc.

Co-Founder
Co-Founder and Chief Technology Officer
Vice President of Finance
Vice President of Human Resources
Compensation as of Fiscal Year 2014.

FirstBest Systems, Inc. Key Developments

FirstBest Systems, Inc. and Yodil Announce Strategic Alliance

FirstBest Systems, Inc. and Yodil announced a strategic alliance between the two organizations. The alliance will enable insurance carriers to harness the power of data and analytics throughout underwriting and the front office in order to drive underwriting profitability and growth. The collaboration between FirstBest and Yodil will deliver new innovative solutions that deliver powerful, yet easy to use insurance BI capabilities to underwriting teams at the point of decision, without the expensive and time-consuming overhead of large-scale horizontal enterprise BI platforms. The two companies will develop joint products and services for the insurance market.

Discoverture Solutions and FirstBest Form Strategic Alliance to Provide Insurance Carriers with Complete Underwriting Solution

Discoverture Solutions and FirstBest Systems, Inc. announced a strategic alliance between the two organizations. The partnership will enable carriers to better drive growth and profitability, improve service to agents, and achieve rapid time to underwriting value. The collaboration between Discoverture and FirstBest combines the FirstBest Front Office Suite with Discoverture's services offerings to deliver complete, affordable, and quick-to-implement underwriting and front office solutions that connect seamlessly to back office systems. In support of the partnership, Discoverture will establish a Center of Excellence (COE) for the FirstBest Front Office Suite to ensure implementation success through the use of best practices, delivery of quality assurance services, and the development of client-specific integration points and interfaces.

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

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.

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