Company Overview of FirstBest Systems, Inc.
FirstBest Systems, Inc. develops and markets insurance underwriting software technology solutions to property and casualty, workers’ compensation, commercial, and specialty insurance companies. It offers FirstBest Underwriting Management System (FirstBest UMS), an integrated business application for commercial and specialty lines insurance carriers; FirstBest Agent, a Web-based agent portal for agents that supports new business submissions, renewals, endorsements, and straight-through-processing; and FirstBest AppReader, an agency connectivity solution for agents and underwriters to upload data. The company also provides FirstBest Business Analyst Studio, a solution that enables business ana...
213 Burlington Road
Bedford, MA 01730
Founded in 2006
Key Executives for FirstBest Systems, Inc.
Co-Founder, Chief Executive Officer, Co-President and Director
Vice President of Marketing & Communications
Vice President of Human Resources
Senior Director Of Underwriting Sciences
Compensation as of Fiscal Year 2017.
FirstBest Systems, Inc. Key Developments
FirstBest Systems, Inc. Completes SOC 2 Examination of Internal Security Controls to Validate Established Processes and Procedures
Feb 1 16
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
Nov 10 15
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.
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