FirstBest Newsletter - August 2008

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Welcome to the FirstBest Newsletter. We have rewritten the format in order to add more value to our readers. The newsletter will continue to focus on P&C trends, technology and best practices in underwriting. This issue is about emerging technologies that can help you combat today's highly competitive market. Our first article reports highlights of a survey we conducted at NAMIC's Commercial Lines Seminar this year asking senior underwriting professionals if they had a magic wand and could design their own underwriting and agent collaboration system, what would be the key benefits they'd want it to deliver.

In our Summer Reading section you'll find our selection of some of the best underwriting and technology articles in the past quarter. Learn the technologies that carriers are adopting to remain competitive, why agents are now empowered to garner more business, and how you can modernize your business and agent systems in order to remain competitive in the soft market.

We hope that this newsletter will provide you with fresh insight on ways you can improve your ability to compete in today's market. As always, we welcome your feedback.

Meira Primes
VP, Marketing

If you had a Magic Wand....

"If you had a magic wand and could design your own underwriting automation system, what are the top two key benefits you'd want it to deliver?"

That’s the question posed by FirstBest Systems to an audience of senior underwriting managers and vice presidents of commercial lines at the NAMIC Commercial Lines Underwriting Seminar.

Read the answers »

SUMMER READING

Modernize and Automate Underwriting to Overcome Today's Tough Times

How can your company absorb another year where submissions need to be up 20 to 40 percent just to offset another 10 to 20 percent drop in rates? Find out »

Technology Must Be Seamless and Consistent Between Carriers

Real-time technologies, download capabilities, customer automation and full utilization of ACORD standards will all be necessary for carriers to remain competitive. Find out »

The Main Ingredients

Keen analytical skills are at the heart of any underwriting success today, just as they were in 1653. Introverted numbers nerds need not apply Read more »