FirstBest Hosts Insurance Webinar "Big Data & Analytics -- Big Possibilities" Featuring Novarica

BEDFORD, Mass., Nov. 20, 2012 /PRNewswire/ -- Old data is moving faster, new big data is proliferating and innovative technologies are emerging to support rapid processing and analysis.  Underwriters have long leveraged data, but many are searching for the benefits and opportunities that big data offers.  Opening discussion about data's role and potential for better underwriting, FirstBest® Systems, Inc., provider of insurance software solutions for global insurance carriers, today announced a complimentary webinar for insurers contemplating the impact of big data and analytics on underwriting and the overall business.

(Logo:  http://photos.prnewswire.com/prnh/20120322/NE75278LOGO)

WHO:

Presented by: Martina Conlon, Principal at Novarica


Hosted by: Kim Tambo, Senior Manager at FirstBest Systems



WHAT:

Large amounts of data have been central to insurance for decades. However, the sheer volume of data relevant for the industry that is being generated today, as well as the resulting volume of data the insurance industry itself generates, mandate strategies for leveraging this "Big Data."




Reviewing recent research conducted by industry research firm Novarica, Martina Conlon will highlight how the abundance of data will play a critical role in underwriting and insurance operations in the future. The webinar session will cover:


  • Analytics capabilities of U.S. insurance carriers

  • Plans and opportunities for the use of big data

  • A case study about leveraging big data and analytics in underwriting

WHEN:

Wednesday, November 28, 2012, from 2:00 to 3:00 p.m. Eastern



WHERE:

Insurers and press are encouraged to register today for the complimentary event.

FirstBest Systems, Inc.
FirstBest® Systems is the leading provider of insurance software solutions that help global insurance companies improve underwriting profitability, scale their business and achieve high service levels with agents, across the enterprise. The patented and proven FirstBest Front Office Suite has processed more than $8 billion in quotes and includes modular underwriting workstation, agent portal, and agency upload applications, with capabilities for mobile insurance users. Global companies such as  XL Group plc, OneBeacon, IWIF,  and Preferred Concepts, LLC., rely on FirstBest to improve underwriting efficiencies and quality, institutionalize knowledge and best practices, and empower everyone in the process to rapidly quote, collaborate, issue, and bind business on a single real‐time platform from anywhere. To learn more, call +1-781-863-6000.

FirstBest is a registered trademark of FirstBest Systems, Inc.
FirstBest Front Office Suite, FirstBest UMS, Underwriting Management System, FirstBest Agent and FirstBest AppReader are trademarks of FirstBest Systems, Inc.

SOURCE FirstBest Systems, Inc.



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