BriteCore Review

Overview

BriteCore is a cloud-hosted insurance application for specialty, auto, commercial, and personal insurance providers. Ideal for small and medium-sized insurance firms, this software supports multi-location, multi-state, and multi-line policies. Main functionalities include contact management, underwriting, billing, claims management, policy administration, and others.

BriteCore’s policy management function facilitates efficient policy issuance and management – from quoting to policy creation, and from underwriting and rating to statistical reporting. Users can submit, process, and settle claims after full verification at the claimers’, vendor, and policy level.

The software’s billing capability helps to manage payments, reporting, accounts receivable, and other accounting tasks. Firms can introduce customized products for their consumers and underwrite service rates and rules. You can use the centralized contact database to store, view, and modify staff and client information.

Benefits

Versatile System

BriteCore is a modular program that provides features you can use to centralize client databases, handle claims, and manage insurance policies. This cloud-based system is implemented on Amazon Web Service (AWS) and can be accessed using any device with a regular web browser. It can be leveraged by various types of insurance businesses including startups, MGAs, P&Cs, and enterprise-grade insurance carriers.

Range of Modules

The BritePolicies solution offers interactive functions you can use to handle the whole policy lifecycle from policy submission to final claim settlements. It presents an interactive interface named BriteQuote that assists agents to quote and submit fresh applications. The platform automatically assesses the submitted applications and approves them based on defined parameters. The billing feature automatically processes account histories, mortgages, commissions, bills, and payments.

Custom Tools

With the claims management module, you can issue payments to customers, process claims, and record loss. The application provides a dedicated client and agent portal that permits users to tender claim applications for loss coverage. Further, the program processes the application against the policy number submitted and gives the approver the whole policy history on one interface. The software provides custom features to define different claims components like reinsurance treaties, catastrophes, groups, and perils. You can also create your own coverage forms, rates, and rules.

Analytics Features

BriteCore delivers useful analytics tools to assess business data and produce actionable insights to improve processes. All financial transactions are recorded in real time and stored in a central repository. Other capabilities include automated reminders, document management, rule-based workflow management, and automated quote builder.

Product Features

Pricing

BriteCore charges month-to-month for users to access the core platform, hourly fees for services work needed, and usage based for hosting. Your firm can utilize BriteCore without paying upfront licensing fees or worrying about long-term commitments.

1% Premium

• BriteCore access
• $3,000/mo. min

.25% Premium

• BriteApps access
• $750/mo. min

$200 / Hr (Avg)

• Services Work
• $28,000/mo. FTE retainer

Usage

• AWS Hosting
• $500/mo. min