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October 09, 2015 11:50 PM 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, 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.

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