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firstbest.com

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Founded Year

2006

Stage

Acquired | Acquired

Total Raised

$23M

About FirstBest Systems

FirstBest Systems is a provider of insurance software solutions and services that help property/casualty insurance companies improve underwriting profitability, scale their business, and achieve high service levels with agents and brokers. FirstBest helps insurers institutionalize risk-assessment knowledge and best practices. With FirstBest solutions, all constituents in the underwriting process can collaborate to quote, bind, and issue business on a single, data-powered, real-time platform.

FirstBest Systems Headquarter Location

213 Burlington Road

Bedford, Massachusetts, 01730,

United States

888-863-6095

Latest FirstBest Systems News

Guidewire to Acquire Massachusetts Software Firm FirstBest

Aug 18, 2016

August 18, 2016 Comments Guidewire Software Inc., a property and casualty insurance software provider headquartered in Calif., has entered into an agreement to acquire FirstBest Systems Inc., a Bedford, Mass. based provider of underwriting management systems for property and casualty insurers. FirstBest’s product lines includes an underwriting management system, a brandable and transactional agency portal, an application reader and a configuration tool, as well as analytics and mobile applications for underwriters. FirstBest was founded by John Belizaire. Neil Betteridge, vice president of strategy at Guidewire Software, stated in a company release that expanding its focus on the underwriter has been a major theme for the company. Through this acquisition, Guidewire Software will be able to improve its underwriting management support for complex commercial, specialty and workers’ compensation lines. The transaction is expected to close in approximately four weeks. Source: Business Wire Get Insurance Journal Every Day Subscribe

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Expert Collections containing FirstBest Systems

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

FirstBest Systems is included in 4 Expert Collections, including P+C Insurance Tech.

P

P+C Insurance Tech

188 items

E

Enterprise SaaS

2,452 items

Software-as-a-service (SaaS) – internet based software offered as a subscription – continues to become the de facto standard for software distribution and consumption. Enterprise SaaS continues to show particular promise, emerging as one of the most well-funded categories. Startu

I

InsurTech

1,627 items

Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience

F

Fintech

6,974 items

US-based companies

FirstBest Systems Patents

FirstBest Systems has filed 2 patents.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

7/3/2008

12/6/2011

Insurance, Insurance law, Life insurance, Financial risk modeling, Actuarial science

Grant

00/00/0000

00/00/0000

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Application Date

7/3/2008

00/00/0000

Grant Date

12/6/2011

00/00/0000

Title

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Related Topics

Insurance, Insurance law, Life insurance, Financial risk modeling, Actuarial science

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Status

Grant

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