Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


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.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

February 10, 2016 8:33 AM ET


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





Key Executives for FirstBest Systems, Inc.

Co-Founder, Chief Executive Officer, Co-President and Director
Co-Founder 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. Completes SOC 2 Examination of Internal Security Controls to Validate Established Processes and Procedures

FirstBest Systems, Inc. announced the successful completion of its SOC 2 (Service Organization Control) Type I examination. SOC 2 evaluations provide independent validation regarding internal controls relevant to the five key principles of trust services in an organization: security, availability, processing integrity, confidentiality, and privacy. Conducted by independent service auditor Schellman & Company, LLC, this examination returned a positive result, indicating that FirstBest security controls and procedures are in complete compliance with the applicable trust services criteria of the American Institute of Certified Public Accountants. The extensive examination was company-wide, and included provisioning of more than 300 supporting artifacts. With a verified baseline, FirstBest Systems is committed to conducting additional SOC examinations in future years, including SOC 2 Type II, to further validate the processes, procedures, and controls implemented by the company.

QBE North America Selects the Firstbest Underwriting Management System for Workflow Efficiency and Growth in Specialty Lines

FirstBest Systems, Inc. announced that QBE North America has selected the FirstBest Underwriting Management System, agent portal and data integration/upload application as the underwriting workbench for the company's Specialty Lines unit. The Specialty Lines business at QBE North America is poised for significant growth, offering a wide range of products to the markets served by the company. In pursuit of excellence in underwriting performance, the vision and approach of QBE North America is to provide its specialty lines underwriters with a single, scalable, and consistent underwriting workstation environment, regardless of the policy or rating systems being used.

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.

Similar Private Companies By Industry

Company Name Region
DP Technology Corp. United States
ModusLink Open Channel Solutions, Inc. United States
ContractPal, Inc. United States
MerkWerks Corp. United States
CW Technologies, LLC United States

Recent Private Companies Transactions

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
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact FirstBest Systems, Inc., please visit 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