Brokercore logo

Brokercore

by Brokercore Inc. · Since 2014
No reviews yet
Active2+ countriesCloud
Quick facts
VendorBrokercore Inc.
Year launched2014
StatusActive
LocationCalgary, Alberta, Canada
Countries served2+
Languages1
IntegrationsN/A
Free tierNO
Free trialNO
Contact salesYES

About Brokercore

Brokercore is a fully digital commercial insurance broker management software developed by Brokercore Inc., a privately‑held InsurTech company headquartered in Calgary, Alberta, Canada.

Brokercore is a fully digital commercial insurance broker management software developed by Brokercore Inc., a privately‑held InsurTech company headquartered in Calgary, Alberta, Canada. It is designed specifically for commercial insurance brokers, MGAs, and policyholders, with the aim of modernizing legacy systems that are often slow and fragmented. The platform supports the complete policy lifecycle, from quote and bind through issuance, management, endorsements, and renewals, all in a single online workflow. Brokercore’s configurability allows brokerages to tailor the solution to individual workflow needs without costly custom development, helping to reduce manual data entry and potential errors while improving turnaround times. The software integrates automated rating, online forms, payment processing, templated document generation, and interoperability with tools like Microsoft 365, offering brokers a more efficient and streamlined digital experience. Users report faster processing times and reduced E&O exposure thanks to automated workflows. While primarily serving Canada, Brokercore’s web‑based SaaS model positions it well for broader adoption by brokers seeking modern insurance administration tools. Prompt support and candid customer service further enhance its value proposition over legacy systems.

Pros & Cons

Pros
  • Provides a single system for full policy management in one digital workflow.
  • Automates manual data entry to save time and reduce human errors.
  • Configurable platform adapts to unique brokerage operational needs.
  • Speeds policy processing significantly compared with legacy systems.
  • Online form capture improves customer data collection efficiency.
Cons
  • Policy setup can be complex initially, requiring time to configure for each brokerage.
  • Automated workflows may not handle extremely custom underwriting rules without manual intervention.
  • Reporting tools may lack advanced analytics for enterprise-scale brokerages.
  • Multi-carrier management may be limited if carriers use proprietary formats not supported.
  • Renewal automation may occasionally require manual review for unusual policy types.

Features

Key features

Policy workflow automation

Manages quote, bind, issue, manage, track, and renew digitally.

Real‑time automated rating

Provides instant rate verification via internal tables or API.

Online form capture

Embeds configurable application & underwriting forms.

Automated quotes

Generates accurate policy quotes without manual work.

Electronic approvals

Enables digital acceptance and signature by policyholders.

Online payment processing

Collects payments securely through the platform.

Document generation

Automatically creates complex policy documents.

Endorsement handling

Manages midterm endorsements and correspondence.

Renewal automation

Sends automated notifications and pre‑filled renewal forms.

Microsoft 365 interoperability

Integrates with Word, Excel, and Outlook.

Additional features

Policy workflow automation

Manages the full policy lifecycle including quote, bind, issue, manage, track, and renew digitally.

Real-time automated rating

Provides instant rate verification through internal tables or API connections.

Online form capture

Embeds configurable application and underwriting forms for clients.

Automated quotes

Generates accurate policy quotes without manual intervention.

Electronic approvals

Enables policyholders and brokers to approve digitally.

Online payment processing

Collects and tracks payments securely via the platform.

Endorsement handling

Manages midterm changes, endorsements, and correspondence.

Renewal automation

Sends automated notifications and pre-filled renewal forms.

Microsoft 365 interoperability

Integrates with Word, Excel, and Outlook for workflows.

Reporting and analytics

Provides insights on policies, renewals, and sales performance.

Audit trail tracking

Maintains logs of all policy activities for compliance purposes.

Configurable dashboards

Customizable user dashboards to track KPIs and workflow.

Error and omission risk management

Reduces mistakes through repeatable automated processes.

Customer data management

Captures and organizes client data centrally.

User permissions and roles

Assigns different access levels to staff and brokers.

Pricing

Free trial
Free version
Request a quote
Promo Offer

Countries & Languages

2
Countries served
1
Interface languages
1
Billing currencies

Available in

CanadaNorth America

Interface languages

English

Billing currencies

🇨🇦CAD

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