Working in tandem with BriteQuote, BritePolicies manages the full policy lifecycle for P&C insurers. End-to-end policy processing is managed using convenient interface tools, flexible workflows, and automatic processes that support teamwork and productivity. BriteCore’s configurable policy administration tool supports a wide variety of multi-line, multi-location policies across Personal, Commercial, and Specialty lines of business.Request a Demo
Faster responses to changing client needs
Greater access to information
Improved customer experience
Quicker underwriting cycles
The Policies module enables quick, efficient processing of new applications. Straight-through processing, renewals, and cancellations can all be carried out automatically based on business rules tailored to your risk appetite. Pre-integrations that support data prefill or provide risk data for underwriting can be used to further enhance and automate policy processes.
BritePolicies provides easy management of the entire policy life cycle. Real-time processing for policy changes including backdated, future-dated, and out-of-sequence endorsements. Underwriters and agents can add or remove coverages, update policyholder contacts, and change the associated agency.
Detailed Diary and Audit Log
Underwriters can create notes or reminders on policies through a flexible alert and notification system. Tasks can generate internal reminders or external email notifications based on dates or policy actions. At every step, BriteCore maintains a detailed transaction log so you can review every action taken on a policy.
Track Key Engagement Metrics
BritePolicies enables insurers to be more flexible and competitive in the market while realizing vast efficiency gains. Increased collaboration and access to third-party data results in shorter underwriting cycles, enhanced straight-through processing capabilities, increased underwriting accuracy, reduced underwriting expense ratios, and reduced risk exposure. Configurable business rules can enable automatic bind and issue without applications ever crossing an underwriter's desk. Advanced endorsements and real-time processing of changes enable insurers to quickly respond to changing policyholder needs. With Policy information accessible to internal users, agents, and policyholders through web-based portals, insurers can improve customer satisfaction by providing access to more information, reduce the number of calls they receive from agents and policyholders, and move towards paperless processes.