FirstBest Systems, Inc., provider of insurance software for standard- and specialty commercial-lines insurance companies, announced the availability of the FirstBest front office solution for specialty-lines carriers.

The new solution enables specialty insurers to seize new market opportunities, drive underwriting profitability in new and existing markets, and improve service to brokers. The solution includes rapidly configured applications that bring in external data, incorporate modeling tools, and deliver precision pricing and underwriting discipline.

“Specialty insurance requires its own set of automation solutions for underwriting and connectivity between the brokers, given the complexity and uniqueness of risks. SMA’s latest research (Applying Smarts to Underwriting) reflects a high increase in IT spending in specialty lines underwriting,” says Deborah Smallwood, founder of insurance strategic advisory firm Strategy Meets Action. “Today, insurers are looking beyond legacy policy administration systems, spreadsheets, side tools, email, and manual processes, to a modern and flexible underwriting management system that enables specialty underwriting automation yet still provides the high-touch underwriting model. This type of technology supports the art of underwriting complex risks with workflow that brings all of the information and loss analysis data to the underwriter desktop and provides a high-touch collaborative broker experience that builds loyalty. It delivers the full suite of support and automation that specialty lines need to compete in today’s market.”