FirstBest Systems
Founded Year
2006Stage
Acquired | AcquiredTotal Raised
$23MAbout FirstBest Systems
FirstBest Systems provides insurance software solutions and services. It helps property and casualty insurance companies improve underwriting profitability, scale their business, and achieve high service levels with agents and brokers. It helps insurers institutionalize risk-assessment knowledge and best practices. It enables constituents in the underwriting process to collaborate to quote, bind, and issue business on a single, data-powered, real-time platform. It was founded in 2006 and is based in Bedford, Massachusetts. In August 2016, FirstBest Systems was acquired by Guidewire Software.
Loading...
Loading...
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 2 Expert Collections, including Insurtech.
Insurtech
4,113 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
Fintech
8,123 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
FirstBest Systems Patents
FirstBest Systems has filed 2 patents.
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 |
Application Date | 7/3/2008 |
|---|---|
Grant Date | 12/6/2011 |
Title | |
Related Topics | Insurance, Insurance law, Life insurance, Financial risk modeling, Actuarial science |
Status | Grant |
Latest FirstBest Systems News
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
FirstBest Systems Frequently Asked Questions (FAQ)
When was FirstBest Systems founded?
FirstBest Systems was founded in 2006.
Where is FirstBest Systems's headquarters?
FirstBest Systems's headquarters is located at 213 Burlington Road, Bedford.
What is FirstBest Systems's latest funding round?
FirstBest Systems's latest funding round is Acquired.
How much did FirstBest Systems raise?
FirstBest Systems raised a total of $23M.
Who are the investors of FirstBest Systems?
Investors of FirstBest Systems include Guidewire Software, Brookstone Partners, Flybridge Capital Partners, Verisk, NewSpring Capital and 5 more.
Loading...
Loading...