Capabilities

The FirstBest UMS™ lets carriers respond to market pressures by increasing revenue and profitability in tandem, building closer agent-underwriter relationships, providing management visibility into the underwriting process, and continuously capturing and sharing underwriting experience and best practices across the organization. Benefits to carriers also include:

• Improved underwriting efficiency and discipline
• Less underwriting leakage and increased profit
• Greater ease of doing business with agents
• Real-time information delivered to underwriters
• Insights to enable precision pricing and reduced risk
• Faster time to market with new insurance products
• Business speed and agility
• A more customer-centric approach to underwriting processes and products.

Through Service-Oriented Architecture (SOA) data integration, the UMS™ co-exists with existing systems, including legacy systems based on non-SOA architectures and external systems. There is no need to “rip and replace” existing technology, because the UMS adheres to the latest interoperability standards in Web services and SOA.