2007 News Archive

December 6, 2007: Automating Underwriting: Moving From Art to Science
Automating underwriting can help insurers bring more objectivity and discipline to the process, define appropriate risk parameters and price products accordingly while improving efficiency, according to a panel of industry experts.

November 14, 2007: Another Flurry of Deals—BG Medicine’s IPO, EnerNOC Trims Offering, Venture Rounds, and More
Lexington, MA-based FirstBest Systems announced it had closed a $7 million Series A round led by IDG Ventures Boston.

November 13, 2007: FirstBest Financed With $7M Series A
Insurance-software company FirstBest Systems Inc. raised $7 million in Series A backing for expanded sales and marketing.

November 13, 2007: FirstBest Systems snags $7M
FirstBest Systems Inc., has receives $7 million in its first round of funding, the company said on Tuesday.

November 13, 2007: FirstBest raises $7 million
FirstBest Systems Inc. announces the completion of a $7 million round of series A funding led by IDG Ventures Boston, a venture capital firm.

November 9, 2007: Back after BEA, software makers target insurance
A team of entrepreneurs that over three years in the 1990s built an e-commerce software company up to a $160 million sale is looking for a repeat, this time in the insurance industry.

November 7, 2007: Insurance Carriers Eye Profitable Growth Through Underwriting
FirstBest® Systems, Inc., released the results of a survey, entitled "Underwriting 2.0: A FirstBest Study of Key Requirements for P&C Insurance Carriers," which details the key underwriting issues and pain points faced by the property and casualty (P&C) insurance industry.

November 7, 2007: Insurance Carriers Eye Profitable Growth Through Underwriting
FirstBest® Systems, Inc., released the results of a survey, entitled "Underwriting 2.0: A FirstBest Study of Key Requirements for P&C Insurance Carriers," which details the key underwriting issues and pain points faced by the property and casualty (P&C) insurance industry.

November 7, 2007: Insurance Carriers Eye Profitable Growth Through Underwriting, FirstBest Systems Study Finds
FirstBest® Systems, Inc., released the results of a survey, entitled "Underwriting 2.0: A FirstBest Study of Key Requirements for P&C Insurance Carriers," which details the key underwriting issues and pain points faced by the property and casualty (P&C) insurance industry.

October 26, 2007: ICW Group Selects FirstBest’s Underwriting Management Systems
FirstBest Systems®, Inc. today announced that ICW Group, a leading provider of property and casualty insurance, has selected FirstBest's advanced Underwriting Management Systems™ to position itself as the carrier of choice for its agents.

October 1, 2007:  Update Your Underwriting
Using new underwriting technology, carriers can convert this core process into competitive advantage.

October 1, 2007: FirstBest, Valen joint venture aims to enhance accuracy of underwriting
FirstBest Systems Inc. has entered a strategic technology alliance with Valen Technologies, a Denver-based firm specializing in predictive analytics for the insurance industry.

 
September 17, 2007: FirstBest Systems Announces General Availability of its Underwriting Manamgement Systems
Next-Generation, Industry-Focused Solution Enables Commercial Carriers To Profit From Better Underwriting.

September 12, 2007: FirstBest Systems Partners with Valen Technologies to boost Underwriting Decision Making for Commercial Insurance Carriers
Powerful Combination of Valen’s Predictive Analytics and FirstBest’s Advanced Underwriting Management Systems™ Offers Major Leap Forward for Commercial Insurers.

September 9, 2007: Finding Money the Silicon Valley Style
How a new breed of technology providers, with deep roots to Silicon Valley, are helping insurance carriers solve old problems.

September 7, 2007: Main Driver Behind STP Initiatives Today Is Ease Of Doing Business
Straight-through processing is more a business issue than a technology issue, and is fundamental to the ability to drive intelligence into the underwriting process and throughout the organization.

August 27, 2007: FirstBest Systems Adds New board Members, Creates Strategic Advisory Board
FirstBest Systems® developer of advanced Underwriting Management Systems^TM that enable commercial insurance carriers to profit from better underwriting, today announced the formation of an Underwriting Knowledge Center.

July 10, 2007: FirstBest Systems Establishes Underwriting Knowledge Center
FirstBest Systems® developer of advanced Underwriting Management Systems^TM that enable commercial insurance carriers to profit from better underwriting, today announced the formation of an Underwriting Knowledge Center.

June 14, 2007: New Underwriting Management System Introduced
FirstBest Systems, which announced its launch at the recent IASA conference, was formed to deliver underwriting management systems that enable commercial insurance carriers to profit from better underwriting.

June 6, 2007: The Evolution of Underwriting Management
In today’s insurance marketplace, business is driving IT development initiatives to help carriers become more competitive and market savvy. Technology is supporting these efforts.

 
June 4, 2007: FirstBest Systems Launches: Offers First Underwriting Management System for Commercial Insurance Carriers
FirstBest Systems® announces its launch here today at the IASA 2007 Annual Conference of the Insurance Accounting & Systems Association.

  
For additional media information or to schedule a briefing, please contact Meira Primes, VP of Marketing at 781-863-6000 or mediacenter@firstbest.com.