Global insurance and reinsurance company, XL Group has selected insurance software solutions provider FirstBest Underwriting Management System (UMS) as the foundation of their global underwriting platform.
The strategic relationship includes integration, configuration and rollout of collaborative underwriting applications for all of XL’s business units, beginning with North America.
The web-based FirstBest UMS will enable XL to provide their underwriting talent with the utmost support, intelligence and efficiency possible, as well as speed turnaround for improved broker and client service.
Insurer said the system will be integrated with multiple enterprise back-office systems, including policy admin, pricing spreadsheets, document management, and comprehensive risk analysis data as well as CRM and broker management systems, to give underwriters a dynamic and uniform user experience globally, regardless of underlying systems.
XL’s Global CIO Robin Arendt said powered by FirstBest, the flexible underwriting workstation and portal will enable our business units to respond rapidly to new market opportunities and changing market conditions.