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FirstBest Systems, developer of advanced Underwriting Management Systems (UMS) that enable commercial insurance carriers to profit from better underwriting, and Valen Technologies, developers of predictive analytics for the commercial insurance industry, have announced a strategic technology alliance. Commercial property/casualty carriers that deploy FirstBest’s UMS with Valen’s predictive analytics solution can achieve the power of analytics in a comprehensive underwriting solution that is focused on the insurance industry.

Insurance carriers often make significant investments in analytics solutions that don’t tie back to core systems. As a result, these investments are underutilized, and carriers can analyze only historical data. FirstBest provides a production environment that integrates real-time operational data with Valen’s insurance industry-focused predictive analytics solutions, providing pricing precision at the underwriter’s desktop.

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