BriteCore Strengths, Domain Expertise, and Key Differentiators
BriteCore is a cloud-native core insurance platform designed for Property and Casualty (P&C) insurers, aiming to facilitate business growth, enhance productivity, and offer a contemporary customer experience. The BriteCore Platform enables insurers to efficiently handle policy administration, billing and claims management, quickly configure new products, and access comprehensive reporting and analytics—all within a unified core system that includes agent and policyholder portals.
BriteCore Recent Developments
In September 2023, BriteCore has introduced new role-based data analytics, expanded lines of business for P&C insurance carriers, and integrations with third-party vendors. Among the new product innovations BriteCore is introducing are: In-memory Analytics and Intuitive Report Builder, Persona-based Executive Dashboards, Continuous Platform Modernization, Personal Auto Line Support, Third-party Vendor Integrations, and more.
BriteCore Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying BriteCore applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of BriteCore and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified BriteCore customers.
BriteCore Overview
2305 South Blackman Road, Building A Suite 200
Springfield, MO, 65809, United States
1 417-851-1289
https://www.britecore.com/
Ownership: - x
Number of Employees: 210
Functional Markets: Analytics and BI, ERP Financial, ERP Services and Operations,
Key Verticals: P&C Insurance,
BriteCore Key Enterprise and Cloud Applications
BriteCore
BriteCore Revenues, $M:
Type/Year | 2022 | 2023 | YoY Growth, % |
---|---|---|---|
Total Revenues, $M | Subscribe | Subscribe | Subscribe |
Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
BriteCore Revenue Breakdown By Type, $M:
BriteCore Enterprise Applications Revenues By Functional Markets, $M:
BriteCore Enterprise Applications Revenues By Verticals, $M:
BriteCore Revenues By Region, $M
Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
---|---|---|---|---|
Americas | Subscribe | Subscribe | Subscribe | Subscribe |
EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
APAC | Subscribe | Subscribe | Subscribe | Subscribe |
Total | Subscribe | Subscribe | Subscribe | Subscribe |
BriteCore Direct vs Indirect sales
Region | Direct Sales | Indirect Sales | Total |
---|---|---|---|
Type % | Subscribe | Subscribe | Subscribe |
Revenues, $M | Subscribe | Subscribe | Subscribe |
BriteCore Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified BriteCore Customers
No. of BriteCore Customers: 90
No. of BriteCore Enterprise Applications Customers: 90
No. of BriteCore Cloud Customers: 90
No. of BriteCore Cloud Subscribers: x
BriteCore serves over 90 insurance clients throughout the United States and Canada, which include, but are not limited to, Loudoun Mutual, Great Bay Insurance, Friends Cove Mutual Insurance, Alamance Farmers, Frederick Mutual Insurance Company, and others.
BriteCore Market Opportunities, M&A and Geo Expansions
BriteCore secured $20 million in a Series C funding round, spearheaded by Warburg Pincus, with additional participation from existing investor Radian Capital. The financing enables BriteCore to continue investing in its next-generation platform and scaling customer-focused services.
BriteCore Risks and Challenges
Diversifying sales beyond the Americas region could be a pivotal factor for sustaining ongoing growth and success.
BriteCore Ecosystem, Partners, Resellers and SI
With over 100 current integrations, the latest third-party vendor integrations are available from data service providers including Verisk, LexisNexis, Smarty, and Carfax. The recent integration of these vendors within the BriteCore Platform allows insurers to tap into an expanded array of tools and data services, creating a more comprehensive and interconnected experience in managing insurance.
BriteCore Cloud Infrastructure Insights
Subscribe to read more about:
- BriteCore Public Cloud and Infrastructure (IaaS)
- BriteCore Platform (PaaS)
- BriteCore Application Delivery
- BriteCore Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
https://www.appsruntheworld.com/About Ushttps://www.appsruntheworld.com/taxonomy
https://www.appsruntheworld.com/FAQ