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PacificComp selects FirstBest underwriting management systems

Pacific Compensation Insurance Company (PacificComp), a San Francisco based specialty writer of workers’ compensation insurance, has selected and implemented FirstBest Systems' new underwriting management system, FirstBest UMS, combined with transactional and real-time agent portal.

FirstBest UMS is a part of the FirstBest Front Office Suite, which brings together agents, brokers and underwriters in a collaborative underwriting process that helps them efficiently submit, evaluate, quote, and close business, according to the FirstBest Systems.

FirstBest’s professional services team partnered with PacificComp to deliver the underwriting management system in fewer than six months.

Designed by agents and underwriters, FirstBest UMS helps commercial-lines carriers deploy products faster to keep up with market shifts and customer demand.

The solution combines new underwriting workstation and Web 2.0 agent portal for comprehensive underwriting workflow and real-time carrier-agency collaboration.

FirstBest UMS empowers carriers to match price to risk, on an individual risk basis, and to enforce predictive/loss development models.

The software streamlines processes, making underwriting faster and more accurate, captures the knowledge of experienced underwriters, helps maintain and improve best practices, and enforces rules and discipline.