Profile

BriteCore delivers a cloud-native core insurance platform for P&C insurers that unlocks business growth, delivers greater productivity, and provides a modern customer experience. With the BriteCore Platform, insurers easily administer policies, manage billing and claims, rapidly configure new products, and access detailed reporting and analytics in an all-in-one core system, including agent and policyholder portals.

Trusted by over 100 insurers across North America, BriteCore solves the problem of outdated and inefficient insurance operations by providing a modern cloud-based core platform tailored to mid-tier P&C insurance carriers and fast-growing MGAs.

Traditional insurance policy administration systems often struggle with scalability, security, and adaptability, hindering growth and innovation. BriteCore overcomes these issues by delivering a flexible, scalable core insurance platform that integrates the latest technologies and industry best practices, enabling the 1000s of mid-tier insurers to streamline their operations, enhance customer experiences, and compete with the largest players.

Visit www.britecore.com

Key Products

For over a decade, BriteCore has delivered its cloud-native BriteCore Platform, a modern end-to-end core insurance solution that BriteCore continuously evolves to meet the changing needs of P&C insurers and MGAs. Designed with flexibility and user experience in mind, the platform supports a wide array of features that streamline processes and deliver business intelligence capabilities.

The BriteCore Platform’s features include:

• A modern all-in-one suite that delivers policy administration, underwriting, rating, billing, and claims. This integrated suite approach from BriteCore streamlines operations and enhances the efficiency of P&C insurers and MGAs.


• Digital agent and policyholder portals provide a user-friendly interface for managing policies and claims. These portals enhance customer experience by offering 24/7 access to essential information and services.


• In-memory reporting allows for real-time data processing and analysis. BriteCore ensures users have immediate access to up-to-date information for statutory reporting and improved decision-making.


• AI-powered analytics and dashboards tailored specifically for decision-makers provide a focused overview of key metrics and performance indicators. Personalized by role and enhanced with AI, insurance leaders can quickly gauge and act upon areas of importance.


• Seamless integrations via APIs enable smooth connectivity with third-party vendor applications and data services. BriteCore’s integration layer enables interoperability and flexibility within the P&C insurance ecosystem.


• Flexible workflow automation simplifies routine tasks and processes. By automating repetitive activities such as can be found in the claims process, the platform increases productivity and reduces operational costs.

Key Executives

Ray Villeneuve, CEO

Prior to joining BriteCore as Chief Executive Officer, Ray Villeneuve led software technology companies for the past two decades with executive experience that includes launching and scaling up tech organizations in enterprise SaaS, machine learning, and artificial intelligence domains. Ray has built successful management teams, inspired innovations valued by enterprise customers, enhanced customer-facing operations, raised capital, and accelerated growth for companies throughout his career. Villeneuve holds a B.S. degree in Mechanical Engineering from the University of Michigan and MBA from the Fox School of Business at Temple University.

Supreet Oberei, CTO

Supreet brings more than 25 years of enterprise software experience to BriteCore, blending business ingenuity and technical leadership to produce high-quality software products. His executive experience spans high-impact roles at leading SaaS and on-prem B2B enterprise software companies and divisions, including DemandBase, Oracle, American Express, Concurrent, and Agile Software. Oberoi earned a Bachelor of Science in Computer Science from the University of Texas, Austin, and a Master’s degree in Computer Science from Stanford University.

Erik Verbeek, CCO

Erik Verbeek has over 20 years of experience building and leading customer success teams at prominent technology companies, including 15Five, Box, Autodesk, and Adobe. Erik has held various leadership positions in customer success and support, helping organizations achieve meaningful results and harness the full potential of technology through a data-driven approach and effective leadership. Erik holds a Bachelor of Science degree in Mechanical Engineering from Virginia Tech University.

Amede Hungerford, CMO

Prior to BriteCore, Amede held Chief Marketing Officer roles with industry and technology leaders Boomi, Reflektion, and NetSuite. Over his expansive 25-year career in software technology marketing, he also led marketing organizations at Intuit, FICO, Sybase, and Hewlett Packard. Amede holds a Bachelor of Science in Electrical Engineering from Duke University and a Master of Business Administration from The Wharton School of Business at the University of Pennsylvania.

Customer Insights

 “As a company founded by entrepreneurs, for entrepreneurs, we needed an insurance technology partner that could match our commitment to innovation and growth,” said Sam Hodges, co-founder and CEO of Vouch. “We chose BriteCore’s modern core insurance platform because of its API-centric approach and modern data model, which enables us to seamlessly scale our insurance operations and provide a superior experience for customers.”

“When we went live with BriteCore, the staff was re-energized by the clean, efficient way the system worked,” said Chris Shipe, President/CEO of Loudoun Mutual Insurance Company. “The core functionality makes everyday processes—like issuing, canceling, or reinstating a policy—seamless and intuitive. Ease of use is reflected in our turnaround time. Our agents are happier with quicker transactions and processes.”

“BriteCore’s expansive functionality allowed us to accomplish an incredible amount during the early formative years of our business,” said Tim Byrne, President and CEO of Great Bay. “We’re very grateful for the opportunity to thrive in our community as an insurance provider recognized for delivering high-quality insurance products and tailored customer service to clients.”

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Investors

Warburg Pincus

Warburg Pincus LLC is the pioneer of private equity global growth investing. A private partnership since 1966, the firm has the flexibility and experience to focus on helping investors and management teams achieve enduring success across market cycles. Warburg Pincus has more than $86 billion in assets under management, and more than 230 companies in their active portfolio, diversified across stages, sectors, and geographies. The firm has invested in more than 1,000 companies across its private equity, real estate, and capital solutions strategies. The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai, and Singapore.

Radian Capital

Founded in 2016 and headquartered in New York City, Radian Capital is a $150 million growth equity fund focused on enterprise software and technology-enabled services. Radian is a team of investors and entrepreneurs that partners with strong management teams to systematically accelerate growth by assisting adoption of next generation sales and marketing, data science, technology, and operational best practices. Radian has invested in numerous fast-growing software companies across vertical SaaS, financial technology, healthcare, and e-commerce.

Competitors

Guidewire

Guidewire is a trusted platform for Property and Casualty (P&C) insurers, offering a comprehensive solution for engagement, innovation, and efficient growth. By combining digital capabilities, core functionalities, analytics, and machine learning, Guidewire delivers its platform as a cloud service. With a global presence in 38 countries, they serve over 500 insurers, ranging from new ventures to the largest and most intricate organizations in the insurance industry. The company boasts an exceptional implementation track record, having completed over 1,000 successful projects.

Duck Creek

Duck Creek Technologies is an intelligent solutions provider in the property and casualty (P&C) and general insurance industries. They offer a platform that enables modern insurance systems to be built, leveraging the power of the cloud to run agile, intelligent, and continuously updated operations. Duck Creek offers market-leading solutions that can be obtained either as standalone products or as a full suite. Their solutions are available through Duck Creek OnDemand, their cloud-based platform. By providing these solutions, Duck Creek aims to define the future of the insurance industry by embracing technological advancements and empowering insurers to meet the evolving needs of their customers.

Majesco

Majesco is a prominent provider of insurance solutions and services, renowned for its expertise in the industry. Established in 1982 and headquartered in Morristown, New Jersey, United States, Majesco has built a strong reputation as a software provider for core insurance functions. Their suite of software solutions encompasses Policy Administration, Underwriting, New Business Processing, Billing, Claims, Product Modeling, Incentive Compensation, and Producer Lifecycle Management.

Corporate Responsibility

BriteCore’s business and technology innovations are addressing larger societal issues by empowering P&C insurance carriers to adapt to economic, environmental, and technological challenges.

Adapting to Economic Instability

In response to rising inflation and repair costs, BriteCore’s enhanced configurability allows insurance carriers to adjust rates, introduce new products, and expand into new regions quickly. This flexibility helps carriers offer more affordable and tailored insurance products, supporting financial resilience for policyholders and communities as they navigate economic uncertainty.

Mitigating Environmental Risks

As climate change leads to more frequent catastrophic events, BriteCore’s real-time data analytics equip insurers to better anticipate and respond to these risks. By providing actionable insights into claims trends and underwriting performance, BriteCore enables insurers to make data-driven decisions that improve disaster preparedness, ensure faster claims processing, and facilitate recovery efforts, contributing to community resilience in the face of natural disasters.

Supporting Technological Adaptation and Security

BriteCore’s open API framework and seamless vendor integrations allow insurers to incorporate advanced technologies like fraud detection, compliance tools, and payment processing without major disruptions. This adaptability helps insurers stay competitive and secure in an increasingly digital world, safeguarding customer data and ensuring regulatory compliance, which benefits both insurers and policyholders.

Promoting Equity and Access

BriteCore’s cloud-native platform ensures that all carriers, regardless of size, have access to advanced digital solutions. This levels the playing field for smaller mid-tier insurers and helps them offer high-quality, affordable insurance services. Additionally, BriteCore’s self-service customer portals give policyholders easy access to manage their accounts and claims, improving transparency and access to essential financial protections.

Strengthening Community Relationships

By improving customer engagement through personalized portals and real-time updates, BriteCore fosters trust and loyalty between insurers and their policyholders. This strengthens the relationship between communities and their insurance providers, ensuring policyholders can quickly access the coverage they need during critical times, which promotes overall financial stability.