Provider of advanced Underwriting Management Systems™ (UMS) that enable commercial insurance carriers to profit from better underwriting, FirstBest Systems® Inc., and the Naperville, IL-based experts in commercial lines rating and policy administration solutions, Insurance Information Technologies, Inc. (INSTEC), to deliver comprehensive underwriting solutions for property and casualty (P&C) insurance carriers, have announced a strategic alliance.

FirstBest and INSTEC will explore, as technology partners, opportunities to develop innovative underwriting solutions that leverage INSTEC's award-winning rating engine and FirstBest's advanced UMS™, an underwriting management system that delivers advanced underwriting automation with integration with predictive analytics; enhanced underwriting discipline and consistency; real-time agent/underwriter collaboration; and greater visibility into the book of business and underwriting processes.

Ray Simon, INSTEC CEO, said: "This partnership is aimed at developing comprehensive underwriting solutions that are optimized for the P&C industry". "FirstBest shares our commitment to consistently deliver underwriting solutions to best meet our customers' business challenges. By aligning our expertise and experience in the insurance industry, we will help carriers achieve a strategic advantage through next-generation solutions based on best practices and industry standards."

"We are excited about our partnership with INSTEC, a pioneer in rating and policy issuance solutions. With INSTEC's world-class rating engine and our Underwriting Management System, P&C carriers can foster closer collaboration with agents, better price policies, increase profitability, and achieve greater business speed and agility", acccording to CEO of FirstBest Systems, John Belizaire.