Insurance software solutions provider FirstBest Systems has launched a new integrated analytic module of its Underwriting Management System (FirstBest UMS), to help deliver property and casualty underwriting analytics.
Noted to provide actionable visibility into underwriting data and workflows, the FirstBest Insight supports precise risk assessment, informed decision making on pricing, and deep awareness about underwriting transactions and dependencies.
FirstBest Systems CEO and founder John Belizaire said: "The introduction of embedded underwriting analytics is a culmination of the FirstBest vision to empower data-driven risk assessment and front office proficiency in support of profitable growth for insurers.
"When timely, contextual data and analytics are available to underwriters and their managers, decision making and collaboration in the underwriting process become much more informed and precise."
Suitable for commercial and specialty lines of business, FirstBest Insight assesses line-of-business performance and underwriter or producer workloads.
FirstBest Insight provides underwriters and their managers quick access to granular trends and information about books and mix of business, written premium, and comparisons of automatic and manual submissions, based on the data within UMS.
To consolidate and deliver valuable business knowledge in context and at the point of underwriting decision, FirstBest has partnered with Yodil to combine industry-leading analytics capabilities with data collected by FirstBest UMS throughout the underwriting process
Yodil CEO Frederick Waite said: "The combination of the Yodil Platform and the FirstBest UMS offers carriers unmatched access to underwriting analytics, enabling them to more effectively guide their organizational decisions."
Image: FirstBest has introduced its new integrated analytic module of the FirstBest UMS. Photo: courtesy of renjith krishnan/ FreeDigitalPhotos.net.