The Insurance segment of XL Group plc offers property, casualty, professional, and specialty insurance products globally. Businesses that are moving the world forward choose XL as their partner. XL Group plc, through its subsidiaries, is a global insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies, and other enterprises throughout the world. XL is the company clients look to for answers to their most complex risks and to help move their world forward. Its principal offices are located at No.1 Hatch Street Upper, 4th Floor, Dublin 2, Ireland. To learn more, visit www.xlgroup.com.
“XL is committed to underwriting excellence, our business’ single greatest driver for strategic and profitable growth. Our decision to roll out the FirstBest Underwriting Management System is truly a transformational initiative for the core of our business and will play a key role in improving loss and expense ratios, enabling us to free up capacity for growth and expansion.”
XL North America Property and Casualty Group
XL selected the FirstBest Underwriting Management System (UMS) as the foundation of their Global Underwriting Platform. The strategic relationship includes integration, configuration and rollout of collaborative underwriting applications for all of XL’s business units, beginning with North America.
The company-wide initiative will give users a single impressive underwriting desktop, providing seamless access to third-party systems for pricing, risk management, legacy integration, and reporting. The innovative, web-based FirstBest UMS will enable XL to provide their underwriting talent with the utmost support, intelligence and efficiency possible, as well as speed turnaround for improved broker and client service. The system will be integrated with multiple enterprise back-office systems, including policy admin, pricing spreadsheets, document management, and comprehensive risk analysis data — as well as CRM and broker management systems - to give underwriters a dynamic and uniform user experience globally, regardless of underlying systems.
"We are evolving technology globally to be on a single scalable platform that leverages disparate back-end systems and provides the greatest consistency, operating efficiency and quality across business units. Powered by FirstBest, the flexible underwriting workstation and portal will enable our business units to respond rapidly to new market opportunities and changing market conditions.”