Founded in 2006, FirstBest Systems®, Inc. is a software and services company providing advanced Underwriting Management Systems™ (UMS) to commercial insurance carriers.

FirstBest’s UMS™ is a business solution, provided as a web-based platform, for underwriting all lines of business. It uniquely delivers— straight through processing, exception-based underwriting, real-time collaboration, knowledge management, management visibility, and integration with predictive modeling—in one integrated solution to carriers’ vital underwriting operations. The deployment of this solution results in increased revenue and profitability and closer agent-underwriter relationships, while providing management visibility into the underwriting process and the continuous capturing and sharing of underwriting experience and best practices.

Financials

Date Type Amount Investors Valuation
11/13/07 Series A 7M Unknown
04/01/12 Other 10M Unknown

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