Enhancements to the suite add efficiency and accuracy, improving underwriters’ ability to collect needed information, execute sophisticated analytical operations, collaborate with relevant parties and perform more precise risk evaluations.
Atlas selected the FirstBest Front Office Suite because of its quality as highly configurable underwriting workstation solution with state-of-the-art system architecture.
FirstBest UMS Express underwriting management system provides robust underwriting workflow, collaboration, and access to third-party data, all in less time than the typical requirements phases of other system deployments, according the vendor.
The FirstBest solutions were chosen to support growth goals by providing the carrier’s Specialty Lines underwriters with a single, scalable, and consistent underwriting workstation environment.
The examination indicated that FirstBest security controls and procedures are in complete compliance with the applicable trust services criteria of the American Institute of Certified Public Accountants.
The acquisition will enable Guidewire to provide North American writing complex commercial, specialty, and workers’ compensation lines greater support for their risk assessment and decision-making processes.
Using UMS Express, the vendor’s accelerated implementation methodology, Atlas was able to deploy FirstBest UMS in under three months for three lines of business.
The insurer has implemented the FirstBest Underwriting Management System for property and inland marine using the vendor’s UMS Express accelerated implementation methodology.
There are fewer and fewer deals to be had and more and more vendors in the marketplace chasing those deals.
Mike Garceau, CFO of XL Group’s North America P&C business talks about art vs. science, big data, the Internet of things, and the importance of an efficient underwriting platform in effectively leveraging data sources, traditional and otherwise.