Analyst Report, BriteCore News, Industry Placement

Novarica names BriteCore a Contender among Property/Casualty Policy Administration System Providers

June 24, 2021

BriteCore, a leading provider of next-generation core software solutions for insurers, is pleased to announce their designation as a Contender in Novarica’s 2021 Market Navigator for Property/Casualty Policy Administration Systems for the second year in a row.

Novarica Market Navigator for Property/Casualty Policy Administration Systems 2021

BriteCore’s placement among only three Contenders illustrates continued growth and an ongoing commitment to customer success. 

BriteCore is recognized for substantial customer experience and momentum in the market among US policy administration systems for P&C Insurers. According to Jeff Goldberg, Executive Vice President, Novarica, “The policy administration core system space remains critical to insurers and represents a majority of IT budgets. The central drivers for core system modernization are product agility and speed-to-market, data accessibility, and digital enablement, with increased pressure in all these areas because of new consumer and agent demands.”

Jeff Haner, VP of Marketing, BriteCore said “BriteCore is honored to be profiled by Novarica. We equip insurers to grow business rapidly, engage customers through new digital channels, and operate more efficiently. We greatly appreciate Novarica naming BriteCore a Contender and believe it is a fitting reflection of our momentum and the continued growth of the BriteCore community.”

Goldberg also commented, “Insurers are continuing to migrate their core systems into the cloud, which means going beyond a straight lift-and-shift approach and finding a partner who can deliver a real cloud-native experience. Insurers have also realized that digital strategy means more than just agent portal, and are investing in multi-channel multi-party digital processes that include new approaches for their own internal resources.”

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, data, and digital capabilities for end-to-end support of P&C insurance operations.

About BriteCore

BriteCore is a fully managed core platform for property and casualty insurers that supports digital transformation, emerging technologies, and new business models. Designed as a cloud-native solution, BriteCore is deployed using Amazon Web Services and is continually updated for maximum security, efficiency, and durability at scale. API integration capabilities provide access to third-party solutions, expanding on BriteCore’s foundational core, data, and digital offerings. Insurance carriers, MGAs, and InsurTechs partner with BriteCore to gain a competitive edge through efficient operations, compelling customer experiences, and speed to market.

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