ACORD LOMA Insurance Systems Forum  

Las Vegas , NV and Lexington, MA, May 13, 2008 – FirstBest® Systems Inc., provider of advanced Underwriting Management Systems™ (UMS) that enable commercial insurance carriers to profit from better underwriting, today unveiled real-time collaboration capabilities within the UMS that will enable closer, more productive and more profitable relationships between commercial insurance carriers and producers at the 2008 ACORD LOMA Insurance Systems Forum, being held May 13-15, 2008 at the Mandalay Bay Resort, Las Vegas, NV.

The FirstBest Underwriting Management System (UMS) redefines agent/underwriter relationships; bringing them closer together and helping them collaborate to write more business and write better business. Using the latest Web 2.0 technologies, FirstBest delivers a new level of dynamic content to insurance professionals.

“Right now, through this rich Internet application, agents and underwriters are writing business together while simultaneously viewing their accounts, activity, and changes as they occur. UMS enables them to chat online and receive live quotes, notes, and updates wherever they may be,” explained Julian Pelenur, CTO of FirstBest Systems. “In the current, highly competitive market, carriers that provide UMS capabilities and service to their agents and brokers will profit from increased retention, agent loyalty, and higher success ratios.”

The FirstBest UMS is a real-time interactive application that allows producers and underwriters to work together in one virtual room, speeding the entire process. The UMS underwriting workflow includes instant alerts, email integration, single-click account access, shared notes that can be linked directly to specific fields, attachment upload and download, and secure chat for both producers and underwriters. UMS also provides security and privacy controls to ensure appropriate access to data and controlled chat availability.

ICW Group, a leading provider of property and casualty insurance based in San Diego, will present a case study on “Underwriting Transformation” at the 2008 ACORD LOMA Insurance Systems Forum. ICW is transforming their underwriting by deploying an advanced Underwriting Management System™ (UMS) developed by FirstBest® Systems Inc.

Kevin Harris, Senior Vice President and Chief Information Officer of ICW Group will be presenting at Acord Loma on We dnesday, May 14, 2008, 3:15 - 4:00 p.m. in Room: Islander AB.

About FirstBest Systems
Founded in 2006, FirstBest® Systems, Inc. delivers advanced Underwriting Management Systems™ (UMS) that enable commercial insurance carriers to profit from better underwriting. The FirstBest UMS™ is a next-generation underwriting solution for commercial-lines carriers that enables them to write more business and write better business. Insurers can scale their underwriting profitably while achieving greater speed and business agility; foster real-time collaboration to make it easy for agents to do business with carriers; promote enhanced underwriting discipline and consistency; and empower management with greater visibility into underwriting processes. For more information, please visit www.firstbest.com or call 1.888.863.6095.

Press contact: Meira Primes
Vice President of Marketing
FirstBest Systems
781.863.6005
mprimes@firstbest.com