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SOURCE FirstBest Systems, Inc.
Spearheads Initiatives to Drive Underwriting Productivity up to 40% by Leveraging Technologies Including FirstBest Underwriting Management System
BEDFORD, Mass., Sept. 18, 2013 /PRNewswire/ -- FirstBest® Systems, Inc., provider of insurance software solutions for global insurance carriers, today congratulated customer Robin Arendt, global CIO of XL Group plc (XL) for being named a winner of the Insurance Networking News (INN) 2013 Women in Leadership Awards. Driven by a transformational business strategy, Arendt has spearheaded programs to increase speed-to-market, improve data quality and deliver analytics integration to drive profitable growth across four XL Group business units worldwide.
One of Arendt's most visionary achievements within her 3-5 year IT roadmap is XL's new Global Underwriting Platform, powered by FirstBest's underwriting workstation and portal. The company-wide, multi-year initiative gives users a single underwriting desktop, with seamless access to third-party systems for pricing, risk management, legacy integration, and reporting. It will enable XL's business units to respond rapidly to new market opportunities, driving up to a 40% underwriting productivity lift and a $233 million net 5 year benefit.
Arendt will be profiled by INN in the September/October edition and recognized at INN's 6th Annual Women in Insurance Leadership Forum in October in Chicago.
"Robin is an extraordinary leader who knows how to lead a project from vision to reality," said FirstBest Founder and CEO John Belizaire. "INN's award confirms what we already knew: she is one of the world's top insurance CIOs."
The INN Women in Insurance Leadership Award profiles the extraordinary accomplishments of ten professionals whose leadership and performance have redefined the insurance business and its application of technology. Each candidate was judged on performance and overall organizational influence, and then rated on job complexity, ability to innovate, management style, and her team's contribution to corporate earnings. The other award honorees include Patricia Coffey, SVP, Technology and Operations, Allstate; Alice Gannon, SVP and Chief Actuary, USAA; Sabrina Hart, EVP and Chief Underwriting Officer, Global Corporate in North America, Zurich NA; Elizabeth Heck, President and COO, Greater New York Mutual Insurance; Susan Keisler-Munro, SVP, COO, Assurity Life Insurance; Denise Lynch, Property & Casualty Group Executive, Kemper; Marianne Petillo, President and CEO, ROM; Laurie Ranegar, SVP, Operations, Tower Group Companies; Kathleen Tierney, EVP, Chubb & Son, and COO, Chubb Personal Insurance.
FirstBest Systems, Inc.
FirstBest® Systems is the leading provider of insurance software solutions that help global insurance companies improve underwriting profitability, scale their business and achieve high service levels with agents, across the enterprise. The patented and proven FirstBest Front Office Suite has processed more than $11 billion in quotes and includes modular underwriting workstation, mobile underwriting, agent portal, and agency upload applications. Leading American and international carriers such as XL Group plc, OneBeacon Insurance Group, IWIF, Beacon Mutual, ICW Group Insurance Companies, Amerisafe, and others rely on FirstBest to improve underwriting efficiencies and quality, institutionalize knowledge and best practices, and empower everyone in the process to rapidly quote, collaborate, issue, and bind business on a single real-time platform from anywhere. To learn more, call +1-781-863-6000.
FirstBest is a registered trademark of FirstBest Systems, Inc. FirstBest Front Office Suite, FirstBest UMS, Underwriting Management System, FirstBest Agent and FirstBest AppReader are trademarks of FirstBest Systems, Inc. XL is a trademark of XL
Group plc companies. XL Group is the global brand used by XL Group plc's insurance subsidiaries. In the US, the insurance companies of XL Group plc are Greenwich Insurance Company, Indian Harbor Insurance Company, XL Insurance America, Inc., XL
Insurance Company of New York, Inc., and XL Specialty Insurance Company. Not all of the insurers do business in all jurisdictions nor is coverage available in all jurisdictions.
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