New FirstBest UMS Express Solution for Insurance Carriers

AUSTIN, Texas, July 15, 2013 /PRNewswire/ -- FirstBest® Systems, Inc., provider of insurance software solutions for American and international property and casualty insurance carriers, today announced the availability of FirstBest UMS Express™ for workers' comp insurers. The new off-the-shelf, ACORD-based solution can be deployed in as little as three months and builds on FirstBest's deep experience in providing underwriting management systems to leading mono-line and multi-line commercial carriers, including many in workers' comp.

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FirstBest UMS Express provides carriers with a robust underwriting management system that enables them to drive premium growth and improve underwriting profitability, rapidly enter new markets and deliver new products, and achieve high service levels with agents and brokers.  FirstBest made the announcement from the 2013 AASCIF Conference in Austin, where the company is sponsoring and exhibiting in Booth #48.

"The insurance industry has been challenged by long, high-risk system deployments.  By contrast,
UMS Express can be deployed in as little as three months and provides rapid time to underwriting improvement.  Now insurers can quickly introduce underwriting automation with little to no risk, while rapidly driving improved underwriting efficiency, discipline and best-in-class service," stated
Paul Cummings, Vice President of Engineering of FirstBest. "The solution for workers' comp carriers provides robust underwriting workflow, collaboration, and access to third-party data, all in less time than the typical requirements phases of other system deployments."

"The FirstBest UMS Express solution achieves rapid time to value, giving workers' comp insurers the ability to quickly deploy an underwriting solution that can improve underwriting effectiveness and results," said Deborah Smallwood, Founder, Strategy Meets Action.

Enabling underwriting improvement in less time than typical large system deployments, FirstBest
UMS Express provides pre-packaged underwriting workflow, access to data, and rich collaboration tools. The new solution makes underwriting faster and more accurate, captures the knowledge of star underwriters, leverages best practices via workflow, and enforces underwriting rules.     

The system provides a production-ready ACORD-based workers' comp underwriting management system and underwriting workstation with best-practice functionality including:

• Underwriting worksheets
• Underwriting workflow and rules engine
• Access to third-party data and reports within the underwriting process
• Team collaboration tools for everyone in the underwriting process
• Tasks and reminders
• Automated letters of authority and underwriting referrals
• Quote, bind and policy issuance processes
• Real-time dashboards and management reports

Pricing and Availability
FirstBest UMS Express is available immediately for workers' comp insurers.  Delivering rapid time to value, UMS Express provides robust underwriting automation and collaboration in as little as three months. For more information, visit www.firstbest.com/umsexpress.

About FirstBest
FirstBest® Systems is the leading provider of insurance software solutions that help 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 $11 billion in quotes and includes modular underwriting workstation, mobile underwriting, agent portal, and agency upload applications. Leading American and international carriers such as IWIF, Beacon Mutual, ICW Group Insurance Companies, Amerisafe, XL Group plc, OneBeacon Insurance Group, and others 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 UMS Express, FirstBest UMS Mobile, FirstBest Agent, FirstBest AppReader and FirstBest BA Studio are trademarks of FirstBest Systems, Inc.

SOURCE FirstBest Systems, Inc.