Delos, an insurtech focused on wildfire risk, and BriteCore, a leading provider of next-generation core software solutions for insurers, today announced that Delos has selected BriteCore to support its core operations. Delos will deploy BriteCore’s core platform, including policy, billing, and rating modules and agent portal, to support insurance products offered by Delos with its unique, AI-enabled wildfire risk data model.
“As wildfires continue to ravage California, hundreds of thousands of homeowners suddenly have no access to insurance. We’ve used artificial intelligence to build what we believe is the best wildfire risk model out there, which makes it possible for us to help protect many of the Californians who are currently at risk,” said Kevin Stein, CEO of Delos. “We’re thrilled to partner with an agile and forward-thinking company like BriteCore as we go to market.
“Delos is addressing a critical need for California’s homeowners. It’s an honor to welcome them to the BriteCore community,” said Phil Reynolds, CEO, BriteCore. “Delos has a compelling vision for using data and technology to produce a more accurate picture of risk and provide active protection for homeowners. This is a fine example of how BriteCore’s core processing capabilities can be integrated with innovative models and advanced technology to enable new insurance products and services.”
BriteCore’s cloud-native architecture, RESTful APIs, and decoupled UI offer insurers rapid deployment, tremendous scalability, and incredible flexibility for integrating new data sources, emerging technologies, and third-party systems. The BriteCore platform includes core processing, digital experience, and data and analytics capabilities that provide end-to-end support for P&C insurance operations.
Our mission at Delos is to become the first insurance company to actively help protect our customers from wildfires. In a time when so many insurance companies are retreating to big cities and pulling out of communities at risk of wildfire, we have built best-in-class data analytics which enables us to deeply understand wildfire risk, and offer insurance to communities which other companies won't insure. Not only do we protect people financially, but we also use our technology to help people decrease the risk to their homes so we can actually protect them before disaster strikes. This is the way insurance should be.
Delos Insurance was founded in San Francisco in 2015 and is a technology-powered insurance company. We are a Managing General Agent (MGA), initially focused on offering homeowners insurance in California. As an MGA, Delos offers policies on behalf of our partner, Canopius US Insurance, Inc (an A- rated carrier).
For more information, please visit www.getdelos.com.
BriteCore is a cloud-native platform for P&C insurers that unlocks business growth, enhances the customer experience, and delivers great efficiency gains. BriteCore provides end-to-end support for insurance operations that includes policy administration, an agent and policyholder portal, rapid product configuration, underwriting rules and rating, billing management, claims management, document management, and reporting. As a cloud-native solution, BriteCore is continually updated for maximum security, efficiency, and durability at scale.
For more information, visit www.britecore.com.