FirstBest Systems, which announced its launch at the recent IASA conference, was formed to deliver underwriting management systems that enable commercial insurance carriers to profit from better underwriting. The FirstBest Underwriting Management System (UMS) is a business solution provided as a Web-based platform for underwriting all lines of business.

"We recognized an unmet need in the commercial insurance market," says John Belizaire, CEO of FirstBest Systems. "Current market forces are putting intense pressure on insurance carriers' profitability and focusing their attention on the underwriting process. Especially in the midtier sector, these carriers have several inefficiencies and challenges to overcome. We developed a new category of business solution specifically to address their underwriting challenges in a fully integrated underwriting platform."

The FirstBest UMS delivers straight-through processing, exception-based underwriting, real-time collaboration, knowledge management, a management dashboard, and an execution platform for predictive modeling in one integrated solution. In addition, the company offers a suite of consulting services from education to integration to ensure successful implementation of its solutions.