About Solartis Insure
Solartis Insure is a fully configurable, API-centric policy administration platform built entirely on microservice architecture.
Solartis is deployed in a secure and robust cloud infrastructure. It supports the entire policy administration process for all P&C lines of business, including both admitted and non-admitted insurance products.
Because the Solartis platform contains base insurance product (LOB) content for all personal and commercial lines of business, we can rapidly configure and launch your product(s) in record time.
A large MGA representing multiple homeowner insurance carriers and program types found it necessary to make frequent changes at both the book-of-business level and at the individual policy level.
Solartis spearheaded a groundbreaking digital transformation in insurance by delivering a comprehensive suite of essential components to meet the client's architecture and technology prerequisites: microservice-based architecture, configuration toolkit, Insurance expertise, and proven results in personal lines.
The client elected to take advantage of Solartis’ full SaaS offering - a full policy lifecycle platform with all the additional features required for homeowner insurance policy processing.
The SaaS solution also includes a full user interface, supporting an intuitive and enjoyable experience for both the internal MGA and agent users.
The Solartis Builder gives the client’s business analysts the ability to make common product changes, then test and deploy them without assistance from Solartis or their internal tech team. This improves the speed and agility of the client’s implementation of changes at the policy and book-of-business level.
The Solartis team utilized an in-depth knowledge of homeowners insurance to automate the entire process from initial quoting by the agent or underwriter, through endorsements and renewals. The comprehensive solution included:
The key to a successful implementation is getting the requirements correct at the project onset. Solartis requirements-gathering methodology is a well-structured, easy-to-follow process with proven results. It insures all requirements are received, documented, and accurate - and that nothing slips through the cracks.
After assessing the process requirements, Solartis used its Solartis Builder to structure and implement changes. This allowed the customer to review the implementation step-by-step, making them familiar with the Solartis Builder and setting the foundation for client adoption of the tool for product maintenance.
Revenue growth 20% CAGR over 5 years
The client had their highest profitability compared to the competition, which can be attributed to better efficiency: the result of automation, process improvements and an enhanced and enjoyable agency user experience .
Solartis Insurance’s expertise in homeowners insurance policy administration, proven results in personal lines, flexible microservice architecture and full configuration capabilities enabled this customer to create unique homeowner ecosystems that are a joy to work with and manage.