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Summer Internship with FirstBest

posted Mar 14, 2011, 4:41 PM by Jessica Bloomgarden
Financial Services and Technology startup FirstBest is an early stage technology provider to the Insurance space.  We were founded with the mission to transform insurance underwriting and collaboration.  FirstBest provides Front Office solutions that help insurance companies significantly drive premium (revenue) growth; scale the business into new markets; and achieve high service levels with their distribution channel.
We are currently researching growth strategies.  One of our growth options is to take our solutions into other areas of Financial Services (i.e. retail/wholesale banking, mortgage services, derivative markets, etc).   We are looking for assistance to research this market, size the opportunity and analyze the viability of applying our technology solutions to challenges in this market.  For students interested, contact Jeff Bussgang at
Research should include:
o Research and identify markets with similar challenges to those we address today
o Conduct focus groups and interviews of IT and business users—understand key challenges/ pain-points, current technology environment and buying process
o    Prioritize opportunities 
Outcome should include:
o    Summary report on  market trends and opportunity
o    Market sizing
o    Understanding of key competitor and partner landscape
o    Identify top market opportunities
o Buy/build/partner strategy for each target segment
Additional details re required research:
o   Technology environment
-          Typical IT systems
-          Level of comfort with SaaS/Cloud/managed systems
-          Current solutions
-          Integration and system environment
-          Data/information
o   Buying process
-          Budget and spending habits
-          Typical decision makers {titles, functions, drivers (personas)}
o   Competitive  landscape
-          Vendors
-          Potential partners
o   Challenges we can solve and testing messaging
-          Key pain points and whom they affect
-          Typical process automation today
-          Role, types of collaboration
-          Workflow