Company Information

Get to know FirstBest

Founded in 2006, FirstBest Systems, Inc. was a prominent provider of underwriting management systems (UMS) for the property and casualty (P&C) insurance industry. The company's core mission was to help insurers improve underwriting profitability, scalability, and efficiency through its software suite, which included the FirstBest UMS, Underwriter Workstation, and Agent Portal. In August 2016, FirstBest was acquired by Guidewire Software, a leading provider of software for the P&C industry. Following the acquisition, FirstBest's technology and approximately 70 employees were integrated into Guidewire's InsurancePlatform™ to enhance its underwriting and policy administration capabilities.

Industry

Technology Software DevelopmentPRIMARY
Financial Insurance

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FirstBest

United States

Founded in

2006 (20 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.