Rules and Rating

Lines Module

BriteCore allows you to define rules and rates through the Lines module. The Lines module is where the fully editable nature of BriteCore truly shines. You are able to build and edit your own coverages, endorsements, underwriting rules, rates, and forms from the ground up through a simple point and click interface that is geared toward business users. The Lines Module is fully versioned by date, allowing you to update rates and forms in advance and review prior Lines configurations.

Underwriting Rules

BriteCore is equipped with advanced Underwriting Rules that allow clients to enforce underwriting guidelines based on user input during the quoting and application process. Underwriting Rules can also be triggered by automatic lookup information such as property location or loss history. Once triggered, a rule can automatically change the availability of coverage options by enforcing hard stops or limiting binding authority.

Rates

Rating in BriteCore follows a clear and concise process that provides access to both manual and automated rating variables. We support flat rates, rate pers, table-based rates, and factor based rates that can all be tied to user-entered or lookup data. We also provide powerful bulk editing tools that can apply rate changes in a few clicks. Never again will you have to spend weeks manually calculating and re-entering new rates or memorizing arcane rate codes. Everything is provided through a friendly and organized graphical interface with powerful editing tools.

Rate Changes and New Lines

BriteCore allows you to copy all of your existing rules and rates with the click of a button, make changes, and then set a future effective date for your new rates. When the date arrives, your agents automatically see the updates in the quoting system and all of your billing and print deliverables reflect your changes. This dramatically reduces the time needed to plan and execute rate changes and deploy new lines of business. Our clients spend hours, not months, setting up rate changes and deploying new lines.

Forms Printing & Changes

With BriteCore, it’s easy to change the version of your forms or even your entire rating bureau. You have the ability to attach .pdf copies of forms to coverages in BriteCore. When decs are printed, forms are automatically generated and delivered to insureds. You can also configure your dec sheets to print with company specific layout and language options. You don’t have to worry about the wrong forms being given to insureds, and you don’t have to keep paper copies lying around. Everything prints and emails correctly and automatically.