The Exposures tab allows users to manage specific coverage-related components of a claim. An exposure represents the coverage a claim is being filed against and serves as a unit of financial tracking for reserves, payments, and recoveries.
Exposures are flexible and can optionally be associated with a party (e.g., a claimant) and/or a loss item (e.g., a vehicle, property, or injury). These associations are not required for property claims, allowing claims handlers to record and report on losses with the appropriate level of detail without enforcing strict linkages.
When you access the Exposures tab within a claim, you will land on the Exposures List, where you can review, add, or edit exposure records.
What Is an Exposure?
- Coverage selected from the policy against which the claim is being filed.
- Container for related financials, including reserves, payments, and recoveries.
- Method to segment accounting and reporting at a more granular level.
- Optional in its association with a contact or loss item.
Create a New Exposure
- Select + Add Exposure.
- Select the applicable coverage from the policy.
- Optionally, you can associate the exposure with a:
- Party (e.g., claimant, driver).
- Loss item (e.g., injury, vehicle, property).
- Complete the form and select Save.
Exposure Detail Screen
Select an exposure to open the Exposure Detail screen, which contains:
- Coverage information
- Payments and reserves
- Recoveries
- Transactions
Coverage Information
- Limit – Displays the policy’s coverage limit for the selected coverage (e.g., $100,000).
- Deductible Amount – Shows any deductible that applies to this coverage.
Payments and Reserves
This section shows financial activity broken down into categories such as Loss, Adjusting, and Legal.
For each category, you can view and enter:
- Reserve amounts
- Payments made
- Total incurred (the sum of reserves and payments)
- Total recovery amounts applied
- Net incurred (the incurred total minus any recoveries)
To add or update amounts, select the Actions options on each category.
Inline validations ensure that payments do not exceed the current reserves, helping maintain financial accuracy.
Recoveries
This section tracks expected and received recovery amounts for the following categories:
- Reinsurance
- Subrogation
- Salvage
Each of these categories displays:
- Expected recovery
- Recovered to date
- Total recovery
Totals are updated dynamically as entries are made, but you can add or adjust expected and received recoveries within this section.
Transactions
The Transactions section is a running ledger of all financial actions taken under the exposure, and each entry includes the following:
- Transaction date
- Type of transaction (e.g., reserve, payment, recovery)
- Classification (e.g., Loss, Legal)
- Amount
- User who made the change
- Option to void certain transactions (e.g., payments)
Validations and System Behavior
BriteCore includes built-in validation rules to help maintain consistency and compliance:
- Reserve Validation: Prevents users from entering payments that exceed available reserves.
- Limit Warnings: Alerts appear if exposure-level or per-occurrence limits are about to be exceeded.
- Editable Reserve Forms: Users can update either the New Reserve or Change By field, and the other will adjust automatically.
- Single Limit Handling: Single limits are treated as per-person limits, aligning with industry standards for accuracy in exposure-level accounting.