FirstBest Delivers Property & Casualty Underwriting Analytics with Launch of FirstBest Insight Platform
BEDFORD, MA, January 20, 2015 – FirstBest® Systems, Inc., provider of insurance software solutions for U.S. and global insurance carriers, today announced the general availability of FirstBest Insight™, the integrated analytic module of the FirstBest Underwriting Management System (FirstBest UMS®). FirstBest Insight provides comprehensive, actionable visibility into underwriting data and workflows. It supports precise risk assessment, informed decision making on pricing, and deep awareness about underwriting transactions and dependencies.
With FirstBest Insight as the analytic engine of UMS, underwriters become highly informed at the point of underwriting decision, increasing their overall productivity with risk assessment and submissions. Underwriters gain timely information to manage distribution channels and collaborate more effectively with agents. Underwriting managers gain refined knowledge to identify and address operational bottlenecks for more efficient underwriting across the enterprise.
Partnering with Yodil Inc., a prominent provider of insurance based analytics software, FirstBest combines industry-leading analytics capabilities with data collected by FirstBest UMS throughout the underwriting process to consolidate and deliver valuable business knowledge in context and at the point of underwriting decision.
“The combination of the Yodil Platform and the FirstBest UMS offers carriers unmatched access to underwriting analytics, enabling them to more effectively guide their organizational decisions,” said Frederick Waite, chief executive officer at Yodil.