Enthusiasm from the property and casualty sector tells us that the FirstBest UMS is a compelling system for carriers to capture new revenue streams and improve underwriting profit while strengthening their agency relationships, says FirstBest CEO and founder, John Belizaire. Todays financial climate is straining those carriers that were more dependent on profits from investments versus profits from underwriting. When P&C insurance carriers look to grow their business, they can write a new line of business or expand an existing line into new segments or marketsrequiring substantial changes to the insurer's underwriting workflow, methodologies and pricing strategies.
After what is usually a six-month implementation period for the FirstBest UMS, carriers can eliminate inefficiencies, provide visibility and real-time collaboration and establish best practices in the underwriting process, while making it easier for agents to do business with them, says the company.