AQS Partners With FirstBest to Help P&C Insurers Speed Application Process and Deliver Products to Market More Quickly
HARTLAND, WI and BEDFORD, MA--(Marketwire - June 8, 2009) - AQS, Inc., a provider of
policy administration systems for property/casualty insurance, and
FirstBest® Systems, Inc., developer of advanced Underwriting Management
Systems™ (UMS) that enable property and casualty (P&C) insurance
carriers to profit from better underwriting, have announced a strategic
alliance to deliver AQS' comprehensive rating and policy administration
system with FirstBest's agent portal and underwriting management system for
P&C insurance carriers. Under the terms of the agreement, AQS Access and
AQS Advantage will integrate with FirstBest UMS™ and FirstBest Agent™
to automate agent and underwriter rating and quoting within FirstBest's
highly productive and collaborative workflow. The combined products will
deliver the depth and reliability of AQS ISO-based rating and policy
capabilities within a state-of-the-art underwriting management system that
offers significant productivity, quality and collaboration improvements to
carriers and their agents, at the speed of market.
"The advanced technology of FirstBest will complement the policy
administration capabilities and tools-based flexibility of AQS Access and
AQS Advantage," said Bruce Davis, AQS' CMO. "It also will expand the ease
with which agents can collaborate with us. And we expect carriers to be
even happier. The UMS underwriting rules configuration and its clearance
capabilities -- combined with the adaptable configurability of our policy
administration systems -- will enable companies to write business more
efficiently."
"FirstBest is committed to delivering a complete solution for P&C carriers.
By combining the highly-respected ISO rating platform from AQS with
FirstBest Agent and FirstBest UMS, we greatly enhance the business agility
of insurers, and foster a level of ease-of-doing-business that makes them
the carrier of choice among their agents," commented John Belizaire, CEO of
FirstBest Systems.
An integrated demo of AQS and FirstBest will be available at IASA. Stop by
the FirstBest booth #313 to view the live demo.
About AQS, Inc.
Since 1979, AQS has been providing policy administration and
business-support services to property/casualty insurers, supporting all
transactions for all lines of business in all 50 states. AQS products
deliver scalability and interoperability, using Web services and .NET
architecture to maximize extensibility, to optimize integration with other
systems, and to automate the entire policy life cycle. For more
information, please visit www.aqssys.com.
About FirstBest Systems
FirstBest® Systems, Inc. delivers advanced Underwriting Management
Systems™ (UMS) that enable insurance companies to write more business
and write better business. The FirstBest UMS™ combines a next-generation
underwriting workstation with a rich agent portal for commercial lines
carriers. Insurers can achieve greater speed and business agility, provide
real-time collaboration to make it easy for agents to do business with
them, promote enhanced underwriting discipline and best practices, scale
their book of business profitably, and empower underwriters and agents with
greater visibility into the business. FirstBest Agent™, the company's
next-generation agent portal, is now offered as a stand-alone solution and
provides carriers with all agency-facing capabilities to enable a faster
path to market-driven ROI, while enabling ease of doing business with
agents. For more information, visit www.firstbest.com or call
1.888.863.6095.
Contact Information: Media Contacts:
Nancy Hines
803-790-4200
Meira Primes
781-863-6027