Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


July 02, 2015 1:18 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, Chief Executive Officer, Co-President and Director
Co-Founder, Chief Operating Officer and Director
Chief Financial Officer
Age: 58
Vice President of Marketing & Communications
Vice President of Human Resources
Compensation as of Fiscal Year 2015.

FirstBest Systems, Inc. Key Developments

FirstBest Systems, Inc. Announces Release of FirstBest Suite™ 7.0 for Property & Casualty Insurance

FirstBest Systems, Inc. announced the release of FirstBest Suite™ 7.0 for property & casualty insurance. The FirstBest product suite is comprised of best-in-class underwriting technology with enhanced data analytics, workflow capabilities, and advanced collaboration tools. Powered by customer feedback, release 7.0 of the FirstBest Suite delivers new and improved features and functionality, enabling insurers to better collaborate with producers, improve efficiency, and more accurately price risks. With FirstBest Suite, insurers can overcome inefficient manual processes, make faster and better decisions, and avoid blind spots while evaluating risk exposures. FirstBest Suite 7.0 significantly enhances capabilities that transform the way property & casualty insurers underwrite business. In addition to new capabilities, the FirstBest Suite has recently achieved noteworthy milestones regarding market adoption and customer usage.

FirstBest Systems, Inc. Presents at FinTech Conference 2015, Jun-04-2015 04:40 PM

FirstBest Systems, Inc. Presents at FinTech Conference 2015, Jun-04-2015 04:40 PM. Venue: Verisk, Jersey City, New Jersey, United States. Speakers: Paul Cummings, Vice President of Engineering.

AIR Worldwide and FirstBest Collaborate to Provide Integrated Underwriting Solution

AIR Worldwide and FirstBest Systems announced the companies will integrate AIR's catastrophe modeling solution with the FirstBest underwriting management system. The collaboration between the two organizations allows data and analytics on commercial risk to be incorporated into the commercial lines underwriting workflow of property/casualty insurers. AIR Worldwide is a Verisk Analytics business. The solution will integrate AIR's cutting-edge catastrophe modeling and noncatastrophe analytics from its Touchtone(R) platform with FirstBest UMS(R), a underwriting workstation, to incorporate risk analytics in one comprehensive underwriting decision process. For commercial insurers, particularly those that write multifaceted commercial risks, including excess and surplus (E&S) writers, data such as risk scores, summary reports, loss analysis, and marginal impact to portfolio can now be used to make more precise, data/analytics-driven underwriting decisions.

Similar Private Companies By Industry

Company Name Region
United Systems Technology, Inc. United States
DealerTrack Data Services, Inc. United States
MultiNet, Inc. United States
Affinisys Inc. United States
Fisheye Software, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact FirstBest Systems, Inc., please visit www.firstbest.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.