FirstBest Systems, Inc., a provider of advanced Underwriting Management Systems (UMS) that enable commercial insurance carriers to write more and better business, has announced enhancements have been made to its flagship product.
UMS Version 2.0 now offers full, rules-driven straight-through processing (STP), including flexible online quotes for agents. Agents can upload and receive complete, bindable online quotes in seconds. Agency-automated letters of authority allow carriers to decide when and for whom online quoting is available.
New line-of-business content includes complete business owners policy (BOP) and commercial auto policy content. For both lines, this makes available ACORD supplemental and multiple coverage forms, ACORD printing, ACORD XML upload/download, class code generation, risk appetite rules, risk prequalification rules, and best practices content.
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