Policy Administration Software

BriteCore provides full, end-to-end policy issuance and management functionality including quoting, rating, underwriting, policy generation, and statistical reporting. The entire lifecycle of the policy is managed using convenient interface tools, flexible workflows, and automatic processes that support teamwork and productivity. 

 

Speed to Market

Speed to market and operational efficiencies are key advantages for progressive insurance carriers. To grow your business, you need a policy administration system that streamlines your processes and controls your costs. BriteCore offers a fully automated policy administration system that allows you to manage products and policies through a flexible workflow. Our Policy Administration module supports custom configuration for personal, commercial, auto, and specialty lines of business.

 

Ease of distribution

Your products need a strong distribution channel for agents along with a system that allows underwriters to easily and rapidly communicate with them. Each group of users has their own needs, and our system enables you to provide the right view, the right transactions and the right process flow for each one. We support multi-line, multi-state, and multi-location policies so whatever your needs are, BriteCore has them covered. All policy information is accessible via our robust web API, allowing simple integration with third party vendors and access to policy data.

 

lifecycle automation

The Policies module provides easy management of the entire policy lifecycle. Agents quote and submit new applications through BriteQuote. All products are configured using the exact same rules and rates across both BriteQuote and BriteCore, ensuring seamless straight-through processing. Once a policy is submitted, underwriters can utilize many convenient tools to make the review process easier such as automatic rule enforcement, photo attachment, credit scoring, and loss history integration. Once reviewed, policies can be accepted or rejected with a simple click.

 

Instant notification

Acceptance automatically triggers processing throughout the system. Declarations, forms, and custom letters are generated and imaged for nightly printing or electronic delivery to insureds, agents, and mortgagees. The Billing module automatically processes billing, payments, and account histories Commissions are calculated and applied at the agent, agency, or agency group levels. Mortgagees receive electronic notification with the corresponding vendor integration. Inspections are requested and notification is sent with the corresponding vendor integration.

 

In or Out of Sequence endorsements

Once a policy is issued, in sequence or out of sequence endorsements can be processed easily by internal underwriters, or requested by agents. Coverages can be added or removed and insureds, agents, and mortgagees can all be modified. If an underwriter wishes to create a workflow task or reminder on the policy, we offer an extremely flexible alert and notification system that generates internal reminders or external email notifications based on dates or policy actions. At every step, BriteCore writes an immutable transaction log so you can review every action taken on a policy.

We researched and tested several vendors during the selection process to replace our legacy software system. It was clear from the start that BriteCore was an exceptional and fully featured product. — Curtis Holle, President of Bremen Farmers Mutual