Underwriting and Policy Admin Systems: Better Together

The FirstBest Front Office Suite is designed to integrate and work in concert with your policy admin system (PAS). Whether you’re planning to purchase, have already deployed a new PAS, or are working to extend the life of a legacy PAS, FirstBest solutions are the perfect complement to your PAS.

The policy administration system (PAS) is crucial to an Insurer’s business, but it is typically focused more on back-office fulfillment and processing than on the marketing, sales and underwriting side of the business. Even a new PAS may not enable key initiatives such as agent collaboration, scaling your book of business, or entering new markets. That’s why many carriers choose to use policy admin and underwriting management systems in concert with each other.

A Powerful Combination
Following are a few examples that show how underwriting management and front office systems can complement policy admin systems.

• Add front office capabilities   – Most policy admin systems are optimized to manage post-bind policy information and product configuration rather than pre-bind front office and underwriting processes.  Use the FirstBest Front Office Suite’s portal, upload, prequal, collaboration and underwriting capabilities to provide a superior agent experience and attract more business.

• Modern policy admin systems  –  Get even more value from your new policy admin system.  Streamline and coordinate the new business process from submission to bind and issuance, and with minimal information duplication between systems.

• Extend the life of legacy systems   – Policy admin system deployments can be expensive and disruptive.  And in many cases, the new agent-facing and underwriting features that carriers need can be obtained at lower TCO with front office and underwriting management systems.  Buy time by adding FirstBest’s scalable front-end and underwriting capabilities that you can leverage both before and after your PAS replacement.

Seamless Integration
The modern FirstBest Front Office Suite integrates with both modern and legacy policy admin systems using Web services and XML (including ACORD XML), and with minimal duplication of business rules across systems. With its flexible and configurable design, the FirstBest Front Office Suite provides an important complement to your policy admin systems.